Tax Policy Center

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Research report

President Bush has proposed to eliminate individual income tax on most stock dividends and both houses of Congress have passed bills that would reduce or eliminate taxes on dividends, at least temporarily. This column looks at who has stock dividends and how dividend income is distributed.

May 26, 2003
Leonard E. Burman, David L. Gunter
Brief

[Los Angeles Times] On May 15, the Senate passed a tax cut that would probably prove even more costly and less responsible than the Bush Administration. The president's dividend-relief proposal would cost almost $400 billion over the next 10 years. The Senate version could end up costing...

May 20, 2003
Leonard E. Burman, Peter Orszag
Research report

This paper evaluates the tax proposals put forth by the Bush Administration, the House of Representatives, and the Senate Finance Committee, with respect to their impact on revenues, short-term stimulus, long-term growth and distribution of tax burdens and after-tax income. Particular attention...

May 19, 2003
Leonard E. Burman, William G. Gale, Peter Orszag
Research report

The three largest federal income-support programs for low-income households are the Earned Income Tax Credit (EITC), food stamps, and Temporary Assistance to Needy Families (TANF). While TANF and food stamps are traditional spending programs, the EITC provides more than $30 billion each year...

March 17, 2003
Leonard E. Burman, Deborah Kobes
Research report

In its fiscal year 2004 budget, the Bush administration proposes to create a new set of tax-preferred accounts that would expand opportunities and consolidate rules for tax-advantaged saving. The initial reaction to the proposal was not particularly positive. Despite its uncertain prospects, the...

March 3, 2003
Leonard E. Burman, William G. Gale, Peter Orszag
Brief

[Charleston (WV) Sunday Gazette Mail] The growing complexity of the income tax, proposed tax-free "savings accounts," and expansions of tax loopholes are poisoning the income tax and creating a consumption tax by default.

February 23, 2003
Leonard E. Burman
Research report

President Bush's recently proposed to eliminate the double taxation of corporate income. The proposal contains the germ of a good idea, but it is incomplete. Indeed, implementing it as is would be undesirable for several reasons: it would add to our burgeoning national debt and thus reduce...

January 21, 2003
Leonard E. Burman
Research report

This paper outlines the provisions of the Democratic alternative to the President's stimulus plan. Their plan would provide a one-time rebate to working people similar to the program implemented in 2001, but available without regard to tax status. The tax provisions proposed by the Democrats...

January 7, 2003
Leonard E. Burman
Research report

The President's stimulus plan would accelerate major elements of the income tax cuts enacted in 2001, provide additional temporary AMT relief, exempt dividends earned by individuals from income tax, and provide additional accelerated tax write-offs for small businesses. The tax provisions in the...

January 7, 2003
Leonard E. Burman

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