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Publications By Author
Author: Marron, Donald
A Practical Challenge to Stand-Alone Corporate Tax Reform (Article/Tax Facts)
Donald Marron
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by itself, separate from any individual reforms. Such reform faces a big practical challenge, however. Many corporate tax breaks also apply to noncorporate businesses, which are taxed under the individual income tax. Efforts to broaden the corporate base could therefore have significant effects on individual income taxes, making it difficult to pursue corporate reform separately.
Published: 05/06/13
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Carbon Taxes and Corporate Tax Reform (Research Report)
Donald Marron , Eric Toder
The revenues from a carbon tax could help finance lower corporate tax rates, extending business tax preferences, or other corporate tax reforms. Such a tax swap would reduce the environmental risks of carbon emissions and improve the efficiency of America’s corporate tax system. But it would also pose a significant distributional challenge. A carbon tax would fall disproportionately on low-income families, while corporate tax cuts would disproportionately benefit those with high incomes. Policymakers may want to use some revenue to offset those impacts. They may also want to use some carbon revenues for deficit reduction.
Published: 02/11/13
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Is the Trillion-Dollar Platinum Coin Clever or Insane? (Commentary)
Donald Marron
In a contribution to CNNMoney, Donald Marron argues that minting a $1 trillion platinum coin if Congress refuses to raise the debt ceiling sounds crazy. But it might actually work if done in smaller denominations.
Published: 01/09/13
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Toppling Off the Fiscal Cliff: Whose Taxes Rise and How Much? (Research Report)
Roberton Williams , Eric Toder , Donald Marron , Hang Nguyen
The looming fiscal cliff threatens to boost taxes by more than $500 billion in 2013 when many temporary tax provisions are scheduled to expire. Nearly 90 percent of Americans would pay more tax, primarily because the temporary cut in Social Security taxes and many of the 2001/2003 tax cuts would expire. Low-income households would pay more due to expiration of tax credits in the 2009 stimulus. High-income households would be hit hard by higher tax rates on ordinary income, capital gains, and dividends and by the new health reform taxes. And marginal tax rates would rise, potentially affecting economic decisions.
Published: 10/01/12
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Fiscal Cliff: How Much Would Taxes Rise in 2013? (Video / Commentary)
Donald Marron
Donald Marron, director of the Urban-Brookings Tax Policy Center, walks viewers through the anatomy of the Fiscal Cliff, explaining exactly what is at stake for Americans in various income groups.
Published: 10/01/12
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Five Myths About the 47 Percent (Commentary)
William G. Gale , Donald Marron
As Mitt Romney recently noted, about 47 percent of U.S. households do not pay federal income taxes. Some see this as evidence of a welfare state run amok. Others think that gimmicks and loopholes let both rich and poor Americans duck their taxes. This commentary corrects some misconceptions about this group, now colloquially called the 47 percent.
Published: 09/25/12
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The "Tax Expirers" (Testimony)
Donald Marron
Donald Marron's testimony before the House Subcommittee on Select Revenue Measures of the Committee on Ways and Means on evaluating tax extenders.
Published: 06/08/12
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How Large Are Tax Expenditures? A 2012 Update (Article/Tax Facts)
Donald Marron
Tax expenditures are getting increased scrutiny from budget hawks and tax reformers. New Treasury estimates, released as part of President Obama's recent budget, indicate that these tax preferences will reduce individual and corporate income tax revenues by almost $1.1 trillion in 2012. Those provisions will also increase spending on refundable tax credits by $91 billion and will reduce payroll and excise tax receipts by $113 billion. Together, tax expenditures will total almost $1.3 trillion this year.
Published: 04/09/12
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How Big is the Federal Government? (Research Report)
Donald Marron , Eric Toder
The federal government is larger than conventional budget measures suggest. Many tax preferences are effectively spending programs. Adding these preferences to federal outlays and receipts makes the government appear about 4 percent of GDP larger. The 1986 tax reform cut these benefits, but they have since rebounded to a larger share of GDP than before. Using this broader measure of government size, many base-broadening reforms viewed as tax increases would be reclassified as spending cuts. Raising marginal tax rates would be recorded as a tax increase and a spending increase because it would boost the value of many tax preferences.
Published: 03/26/12
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US Corporate Tax Rates Must Come Down (Commentary)
Donald Marron
In a contribution to the Christian Science Monitor, Donald Marron discusses the U.S.'s controversial coporate income tax rates.
Published: 03/23/12
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