Just as Congress allowed the 2011-12 payroll tax cut to expire, new research by the Federal Reserve Bank of New York suggests that such tax...

Last week’s draft plan by House Ways & Means Committee Chair Dave Camp (R-MI) to reform the taxation of financial products includes two key changes...

As tax filing season approaches, the IRS is reminding low-income families about the Earned Income Tax Credit (EITC). The EITC provides a wage subsidy for...

If their leaders’ public statements are to be believed, the fiscal chasm between the political parties is widening. And it is hard to see how...

On Wednesday, the House will vote on a bill to delay the upcoming debt limit showdown . The bill includes no spending cuts, no tax...

“We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that...

In the alphabet soup of Washington, ATRA fixed the AMT , sort of. In English, the newly enacted American Taxpayer Relief Act of 2012 will...

Weird Tax Fact of the Day: The fiscal cliff deal (aka the American Taxpayer Relief Act of 2012 ) created what may be the world’s...

There is an obvious solution to Washington’s perpetual budget crisis. But it is unlikely to happen because all the incentives—both political and economic—are completely wrong...

Last week Japan announced a massive stimulus package designed to jumpstart its slumping economy, which is in the midst of its fifth recession in 15...