Tag: ‘tax reform’

The GOP Debate: Squabbles Over Refundable Credits, Deductions, and Conservatisim

By :: November 11th, 2015

Last night’s GOP presidential debates (here’s a transcript of the main event) highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not.  Nearly all would preserve deductions for mortgage interest and charitable gifts but one would ditch them. One worried about what his rivals’ […]

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Tax Reform Is Possible, But It Won’t be Easy

By :: November 4th, 2015

At a Tax Policy Center conference on tax reform yesterday, Jason Furman, the chair of the President’s Council of Economic Advisors, said that a major rewrite of the tax code would make little progress until Congress breaks the current impasse over the  treatment of pass-throughs– firms such as partnerships and S corporations whose owners pay […]

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Bipartisan tax reform is possible: Lessons learned from President Bush’s reform panel

By :: November 2nd, 2015

It is presidential primary season and once again the tax code is a punching bag for politicians on both sides of the aisle. Listen to their rhetoric and it’s easy to conclude that the tax policy differences in today’s hyperpartisan political environment are so great that reform is doomed. But it doesn’t have to be […]

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Would Speaker Ryan Boost the Chances for Tax Reform? Not Until 2018

By :: October 29th, 2015

Paul Ryan has been an enthusiastic supporter of tax reform for years. Will his elevation to House Speaker make reform more likely? Perhaps, but not any time soon. Reform efforts got two big boosts this week. The first was the GOPs decision to choose Ryan to lead the House. The second was outgoing Speaker John […]

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Trump Proposes a Huge Tax Cut

By :: September 28th, 2015

Donald Trump, who likes superlatives, has weighed in with his version of a standard cut-the-rates, broaden-the-base tax reform. And like many other GOP tax rewrite proposals, this one appears to be an enormous tax cut skewed largely in favor of high-income households. While Trump claims the plan would pay for itself after three years, he […]

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The Cost of the Bush Tax Cuts, and What It Might Mean

By :: September 10th, 2015

While GOP presidential hopeful Jeb Bush has been reluctant to describe his tax plan as a tax cut, economists close to him have not. And newly-released cost estimates of his tax reform plan– and their consequences–are worth considering.  The very short version: His plan would add at least a trillion dollars to the national debt […]

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Bush’s tax plan: Something old, something new

By :: September 10th, 2015

Jeb Bush has put forth a tax plan that is ambitious in design, comprehensive in scope, and fairly detailed for this stage of the campaign.  In contrast to some of the wilder ideas that permeate the tax debate among Republicans, Bush’s proposal offers many interesting structural changes worthy of substantive and reasonable discussion, but the […]

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Jeb Bush’s Tax Plan: High Marks for Transparency But Key Questions Remain

By :: September 9th, 2015

At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas. Bush, like fellow Floridian Marco Rubio, gets credit for putting out a […]

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Five Tax Stories To Watch in What Will Be a Wild Fall in Congress and on the Campaign Trail

By :: September 8th, 2015

Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform: House Republicans insist they want to try to rewrite the tax […]

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Clinton Would Tinker With, Not Rewrite, the Tax Code

By :: August 11th, 2015

While many Republican presidential candidates are promoting their versions of broad-based tax reform, Democratic frontrunner Hillary Clinton so far seems disinterested in fundamentally restructuring the code. Instead, she’d retain the framework of the current tax law, while tweaking the code to encourage–or discourage–certain activities. In the past few weeks, in different ways, she’s begun to describe […]

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