Posts Tagged ‘tax revenue’

Executive Privilege, Budget Consequences, and Rolling with the Taxes

Shutdown, Omnibus Spending, Continuing Resolution: So many choices in the wake of an Executive Action. The newly emboldened GOP (or is it?) has several options when responding to last night’s executive order on immigration issued by President Obama. After its Thanksgiving break, Congress will have until December 11 to decide. One thing is clear: more […]

CBO Says Federal Tax Revenues Will Rise Because Of Higher Individual Income Taxes

Last week’s Congressional Budget Office fiscal update largely focused on the dangers of rising spending on health care, Social Security, and interest on the debt. But it also projected a significant increase in federal revenues, almost entirely due to a big bump in individual income taxes. CBO projects that individual tax revenue will climb well […]

Fiscal Cliff, the Video

The fiscal cliff is big (more than $500 billion in scheduled tax increases in 2013) and complicated (involving literally dozens of tax provisions, not just the long-debated 2001-2003 tax cuts). If you haven’t found time to read our full report on the fiscal cliff — or even if you have — you might enjoy this short video highlighting our main […]