Tag: ‘tax reform’

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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Plans, Expectations, and Avoidance

By :: July 14th, 2015

An outline of a safe plan: No sharp edges. Democratic presidential candidate Hillary Clinton shared her tax agenda yesterday, but as Howard Gleckman notes, most of her proposals are familiar, including a Buffett tax on very-high income households and small business tax relief. She did not endorse broad-based tax reform, or even a carbon tax. […]

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Finance Committee Working Groups: Tax Reform is Hard

By :: July 8th, 2015

After six months and two extensions, the Senate Finance Committee’s five tax reform working groups presented their reports today to panel chair Orrin Hatch (R-UT) and top Democrat Ron Wyden (D-OR). For the most part, they reached no consensus on either specific reforms or a broad design for overall reform. There was one exception: The […]

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Who Benefits the Most from an Across-the-Board Cut in Individual Tax Rates?

By :: July 2nd, 2015

Just about every tax reform plan calls for cutting individual tax rates. But it turns out that a one percentage point across-the-board rate cut would benefit only about six out of 10 households. The biggest beneficiaries:  those with the highest incomes. According to a new Tax Policy Center analysis, such a rate cut would add […]

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The Uneasy Case for a Financial Transaction Tax

By :: June 30th, 2015

In recent years, there has been a resurgence of interest in an old idea—a financial transaction tax, or FTT. In a new paper, The Tax Policy Center has taken an in-depth look at the pros and cons of the levy. We’ve found that even a modest tax would raise a lot of money, and that […]

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