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TPC Citations & Sources

2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002

TPC research and analysis appears in hundreds of news articles each year. Below is a partial list, including the sources used in selected articles. Please note, article links cited below were verified on the day of publication and may change.

January | February | March | April | May | June | July | August | September | October | November | December

December

  • Many Winners, A Few Losers, The Wall Street Journal, (December 17, 2010) By Laura Saunders

    "Some see the payroll tax cut as a partial replacement for the Making-Work-Pay income-tax credit of 2009 and 2010, but it benefits a broader range of workers with higher incomes. For 51 million low-income households with married couples earning less than $40,000 ($20,000 for singles), however, the payroll tax cut doesn't make up for the loss of this credit. On average it costs them $210 each, according to Roberton Williams of the Tax Policy Center."
  • The Estate Tax is All But Dead, The Atlantic, (December 16, 2010) By Kelsey Snell.
"'We break down by what estates report business assets and farm assets," said Joseph Rosenberg of the Tax Policy Center. "That is more political myth than reality that this is an overly harsh burden on small businesses and family farms. The truth is that the main benefit goes to large estates.'" 
"'People who benefit from these smaller items put on a big push. It’s worth a lot of money to them, and they can hire the lobbyists to help. There’s really nobody on the other side arguing against this,' said Roberton Williams, a senior fellow at the Tax Policy Center, a nonpartisan research group."
"Single working people with earnings below $20,000 and married couples with earnings below $40,000 are worse off under the payroll tax cut proposals in the compromise between the president and the Republicans," explains Bob Williams, a senior fellow at the Washington, D.C.-based Tax Policy Center."

November

"As to tax policy, 'the incentive to hire doesn't really turn on the tax rate — because, if you pay an employee, it's tax deductible regardless of your tax rate,' Nunns said. Also, he noted, most small business owners reporting business income have no employees, and little incentive to hire."
"'It’s always nicer to be able to say you’re going to balance the budget, but that’s a harder goal than stabilizing the debt and bringing it down slowly,' said Marron, now director of the Washington-based Tax Policy Center, a joint venture between the Brookings Institution and Urban Institute."
"Jim Nunns, a senior fellow with the Tax Policy Center of the Brookings Institution and Urban Institute, said there is some momentum to raise taxes on the wealthy "because they've captured most of the growth in incomes over the last 30 to 40 years," creating a wider rich-poor gap."

"'Paul Krugman and friends can rest easy,' writes TPC blogger Howard Gleckman. 'The Bowles-Simpson proposal is indeed an across-the-board tax increase– and a fairly progressive one at that,' meaning it hits higher earners harder."
"'In theory, a territorial tax system will help U.S.-based firms to compete more effectively in global markets," said Eric Toder, a fellow at the nonpartisan Tax Policy Center in Washington. But, he noted, "it may also increase incentives for them to invest abroad.'"
"'You have to distinguish between the political theater of things and the things that have impact,' said Donald Marron, director of the tax policy center at the Urban Institute, a nonpartisan think tank in Washington."
  • Tracking Your Federal Tax Dollars, The Wall Street Journal, (November 6, 2010) By Laura Saunders.

    "There also is one big omission: a figure for the ballooning national debt. 'The debt is like the unpaid balance on a credit card, and it's hard to say who will pay it or when,' says economist Roberton Williams of the Tax Policy Center, who also likes the itemized receipt."

October

"Naturally, you can't rule out the possibility that Congress will take no action this year or next year. If that happens, about 27.4 million taxpayers will be ensnared by the AMT for 2010, up sharply from about four million for 2009, says Roberton Williams, senior fellow at the Tax Policy Center. If Congress enacts a 'patch' consistent with past years, about four million people would be hit by the AMT again this year, Mr. Williams says."
"'You could say they were underpaid in 2010, but they were overpaid in 2009,' says Rudolph Penner, a fellow at the Urban Institute and a former director of the Congressional Budget Office. 'In the long run, it evens out.' Still, he notes, people who recently started their Social Security benefits may not be pleased."

September

August

  • Obama, GOP debate small-business tax, Washington Times, (August 30, 2010) by Patrice Hill.
    "He said most of the people potentially hit by the tax increase don't earn the majority of their income through their businesses. These top earners typically have many other sources of income, including salaries, bonuses, stock grants, capital gains and dividends."
  • Volcker-led economic panel assesses U.S. tax reform ideas, The Washington Post, (August 27, 2010) By Lori Montgomery.
    "It does more than I expected, given the constraints under which the board had to operate," said Roberton Williams, senior fellow at the nonpartisan Tax Policy Center, noting that Obama explicitly forbade the commission from studying options that would break his pledge to protect from new taxes families earning less than $250,000 a year."
  • Extend tax cuts, The Salt Lake Tribune, (August 25, 2010).
    "Obama’s plan splits the baby. His tax-cut extensions would cost the federal government about 82 percent as much as extending all of the tax cuts, including those to the wealthiest taxpayers. That’s according to an analysis by the Tax Policy Center. That other 18 percent would help to reduce the deficit."
  • New York Times, Paul Krugman’s blog, New York Times, Paul Krugman’s blog, (August 24, 2010) By Paul Krugman.
    "The Tax Policy Center estimates (pdf) say that the budget cost of making all the Bush tax cuts permanent, as opposed to only the middle class cuts, is $680 billion over the next decade. It also says that 55 percent of the benefit flows to 120,000 taxpayers. That’s $374 billion divided by 120,000; TPC expresses it as a per year gain of $310,000, but it is more than $3 million per member of the top .1% over the course of the decade."
  • How a homeownership fetish hurt the American dream, The Washington Post, (August 23, 2010) By Robert Samuelson.
    "This means that sudden withdrawals of support might deepen housing's depression. Economists Phillip Swagel of Georgetown University and Donald Marron of the Tax Policy Center, among others, have made sensible proposals to scale back Fannie and Freddie. But done too quickly, they could backfire."
  • The Rich and Their Discontents, Mother Jones magazine, Kevin Drum’s blog, (August 23, 2010) By Kevin Drum.
    "There really is, literally, no reason to favor extending Bush tax cuts for the rich except purely as a gift to the rich. As the Tax Policy Center chart below shows, the million-dollar crowd would get a 3.3% income boost and the ten-million-dollar crowd would get a 5.8% boost in their incomes. And the deficit would increase by the better part of a trillion dollars. That's it. That's all that would happen if the top end cuts were extended."
  • Now That’s Rich, New York Times, (August 22, 2010) By Paul Krugman.
    "What’s at stake here? According to the nonpartisan Tax Policy Center, making all of the Bush tax cuts permanent, as opposed to following the Obama proposal, would cost the federal government $680 billion in revenue over the next 10 years. For the sake of comparison, it took months of hard negotiations to get Congressional approval for a mere $26 billion in desperately needed aid to state and local governments."
  • Taxes No Longer So Certain, New York Times, (August 13, 2010) By Floyd Norris.
    "For the ordinary income tax, marginal tax rates now range from 10 to 35 percent. If nothing is done, they will revert to a range of 28 to 39.6 percent. The Tax Policy Center estimates that effective tax rates would rise for all income groups, with the largest increase on those with the highest incomes."
  • Obama tax cut plans would favor the rich over the middle class, International Business Times, (August 13, 2010) By Hao Li.
    "The Urban-Brookings Tax Policy Center calculates that the average dollar amount gained by the 0.1 percent richest households in the U.S. exceeds the combined average amount gained by everyone else."
  • Most High Earners Wouldn't See Big Bill From Tax Rise, Bloomberg, (August 12, 2010) By Ryan J. Donmoyer.
    "For those who earn less than $500,000, the tax increase is "relatively low," said Roberton Williams, an economist with the Urban Institute in Washington who studied the report. "It’s less than 1 percent."
  • Will 'tax the rich' save the economy?, CNNMoney.com, (August 12, 2010) By Chris Isidore.
    "William Gale, co-director of the Urban-Brookings Tax Policy Center argues just about anything that government can do with the extra money -- extended unemployment benefits, infrastructure projects, aid to states and local governments -- is going to stimulate more economic activity than putting it in the pockets of the wealthiest taxpayers who he argues would save rather than spend the money."
  • Ryan responds to scurrilous Krugman attack on "Roadmap to America's Future", Washington Examiner, (August 8, 2010) By Mark Tapscott.
    "Others noticed Krugman's attack on Ryan, including the The Tax Policy Center, whose data the Timesman cited. According to TPC's Ted Gayer, "reasonable people can disagree about whether we should close our long-term fiscal gap primarily through spending reductions or tax increases, but Congressman Ryan’s proposal makes a useful contribution to this debate."
  • The Flimflam Man, New York Times, (August 6, 2010) By Paul Krugman.
    "The nonpartisan Tax Policy Center has, however, stepped into the breach. Its numbers indicate that the Ryan plan would reduce revenue by almost $4 trillion over the next decade. If you add these revenue losses to the numbers The Post cites, you get a much larger deficit in 2020, roughly $1.3 trillion."
  • Lawmaker claims Democrats want to hit small businesses with tax increases, PolitiFact.com, (August 5, 2010) By Lukas Pleva.
    "We also consulted experts at the Tax Policy Center, a joint project from the liberal-to-centrist-leaning Brookings Institute and the liberal Urban Institute. James Nunns, a researcher at the Urban Institute, directed us to the center's July 2010 analysis of the distribution of business income by statutory marginal rate for the year 2011."
  • Tax Cuts vs. Deficits , Wall Street Journal, Real Time Economics, (August 3, 2010).
    "As Real Time Economics recently noted, ending the tax cuts won’t make a huge dent in the deficit. The Tax Policy Center points to Treasury estimates that show a cost of $199 billion in fiscal year 2011 and $3.7 trillion over 10 years for extending all the tax cuts. Meanwhile, the cost of extending them only for under $250,000-a-year taxpayers, as President Barack Obama proposes, is $167 billion in fiscal year 2011 and $3.0 trillion over 10 years."
  • Repeal a tax cut no one can afford, Boston Globe, (August 3, 2010) By Derrick Z. Jackson.
    "Gingrich’s claim does not stand up to either facts or American sentiment. It has been long proven that the tax cuts are a major drag on the Treasury. If all the cuts were extended, it would mean nearly $3 trillion in lost revenues over the next decade, according to the Tax Policy Center, a joint think tank of the Brookings Institution and the Urban Institute."
  • Will state budget cuts blunt the recovery?, Christian Science Monitor, (August 3, 2010) By Alissa Figueroa.
    "I understand the long-term concerns," said Kim Rueben, senior fellow at the Urban Institute in Washington. "But if they pull back too much now, the fact that the states are going to do things like increase taxes and make spending cuts, that's going to exacerbate the decline from stimulus."
  • Five myths about the Bush tax cuts, Washington Post, (August 1, 2010) By William G. Gale.
    "The tax cuts enacted in 2001 and 2003, known as the Bush tax cuts, are set to expire Dec. 31, and the fight over what to do is increasingly heated."

July

  • What Congress Might Do to Defuse Tax Time Bomb, Wall Street Journal, (July 29, 2010) By David Wessel.
    "Extending the tax cuts would provide some demand-side stimulus," says Donald Marron, who sat on the Bush Council of Economic Advisers and now heads the Urban-Brookings Tax Policy Center."
  • On tax fight, Obama can't afford to lose, Washington Post, (July 28, 2010) By Steven Pearlstein.
    "Marron noted that because of the way the tax code is structured, even the rich would benefit from the lower rates applied to the income they earned under $250,000. Along with other extensions, that would mean that even households with incomes up to $1 million would still get to keep almost half of their Bush tax cuts."
  • Democrats to Propose Extending Bush's Middle-Class Tax Cuts, Time, (July 21, 2010) By Jay Newton-Small.
    "Democrats dispute the idea that mom-and-pop small businesses are making more than $200,000 a year. In fact, 94.5% of all "flow-through" entities (self-employed folks, who generally tend to be small businesses, though Tiger Woods also falls into this category) had receipts of under $100,000 in 2007, according to the Tax Policy Center."
  • Corporations: Stop Hoarding!, National Journal, (July 17, 2010) By Bruce Stokes.
    "The problem is that "corporations don't see good investments out there," according to William Gale, co-director of the Tax Policy Center at the Brookings Institution. "They already have excess existing capacity, and they see relatively low demand for their stuff."
  • Refuting Voodoo Economics with Juju Economics, TheAtlantic.com, (July 16, 2010) By Daniel Indiviglio.
    "Surely, Krugman must understand that his argument here is neither fair nor accurate. Did Voodoo economics work? Here's a chart showing tax revenues, spending and the deficit during the 1980s, in inflation adjusted dollars (based on data from the Tax Policy Center)."
  • George Steinbrenner and estate tax insanity, Washingtonpost.com, Post Partisan blog, (July 15, 2010) By Ruth Marcus.
    "This exemption is unwise because it would simply incentivize super-rich non-farmers to transfer their wealth to farmland and, as the Tax Policy Center concluded, "make the estate tax essentially voluntary for the very wealthy." It would actually hurt family farmers by driving up the price of agricultural land."
  • Tax Man Loses on Timing of Death , Wall Street Journal,, (July 14, 2010) By Laura Saunders.
    "Although experts say a retroactive change is probably constitutional, there are many wealthy estates with the means and motive to tie up the issue in the courts for years. Some 25,000 taxpayers affected by the estate-tax lapse have died this year, according to the nonpartisan Tax Policy Center."
  • Too Rich to Live?, The Wall Street Journal, (July 12, 2010) By Laura Saunders and Mary Pilon.
    "So far in 2010, an estimated 25,000 taxpayers have died whose estates are affected by current law, according to the nonpartisan Tax Policy Center. That group includes least two billionaires, real-estate magnate Walter Shorenstein and energy titan Dan Duncan."
  • Overtaxing the rich isn't the answer, The Washington Post, (July 7, 2010) By Ruth Marcus.
    "I'm all for a more progressive tax code. But consider: The Tax Policy Center examined what it would take to avoid raising taxes on families earning less than $250,000 a year while reducing the deficit to 3 percent of the economy by decade's end. The top two rates would have to rise to 72.4 and 76.8 percent, more than double the current level. You don't have to be anti-tax zealot Grover Norquist to think this would be insane."
  • Up in the Air: Your Taxes, The Wall Street Journal, (July 2, 2010) By Laura Saunders.
    "Estate tax. The now-lapsed estate tax will return in January 2011, with a 55% top rate and a $1.2 million exemption per individual, unless lawmakers act. It will hit about 44,000 estates, eight times as many as the 2009 version of the tax, according to the nonpartisan Tax Policy Center."
  • Danger for Dems as economy slows, Politico, (July 3, 2010) By Jake Sherman and Jonathan Allen and Abby Phillip.
    "The question is, can they create the perception that they have done all these things to create jobs, or that they tried but the dastardly Republicans prevented them from creating jobs?” said Howard Gleckman, a senior researcher on tax and budget policy for the Urban Institute. Both options, he said are likely to have similar political consequences come November."
  • Taxpayers In Limbo, Forbes, (July 2, 2010) By Ashlea Ebeling.
    "Moreover, it's not just taxpayers affected by the extenders package who may want to reassess their 2010 tax payments. Congress also has yet to pass an expensive ($66 billion for one year) "patch" to keep millions of middle-income folks out of the alternative minimum tax for 2010. If that isn't put in place, 29.9 million taxpayers will owe AMT in 2010, compared with 3.8 million in 2009, estimates the Tax Policy Center, a joint venture of the Urban Institute and Brookings Institution."

June

  • Senate Takes Up Small-Business Jobs Bill, The New York Times, You’re the Boss blog, (June 30, 2010) By Robb Mandelbaum.
    "It is attractive politically, said Roberton Williams, a senior fellow at the nonpartisan Tax Policy Center, because “people pay more taxes today only if they choose to do so; ergo no one can complain about the tax increase. We simply pass the problem on to our children and grandchildren, who will pay the cost when we use our retirement savings in our old age."
  • Health care changes give seniors free checkups, Democrats said, PolitiFact, (June 23, 2010).
    "Over time, higher-income seniors will find that their overall Medicare costs increase, according to tax expert Howard Gleckman, a resident fellow at the nonpartisan Urban Institute, Joseph Antos, a health policy expert with the American Enterprise Institute for Public Policy Research, a nonpartisan think tank with conservative roots, and a PolitiFact Georgia review of the legislation."
  • Hoyer Says Middle-Class Tax Cuts May Be Unaffordable, Business Week, (June 22, 2010) By James Rowley.
    "In 2007, the Washington-based Tax Policy Center estimated it would cost $1.3 trillion over a decade in foregone revenue to extend the middle-class tax cuts, assuming the alternative minimum tax also was restrained in keeping with congressional policy. The Tax Policy Center is a research institute backed by the Urban Institute and Brookings Institution."
  • Special interests escape the ax , Chicago Tribune, (June 22, 2010) By Janet Hook.
    "There is little or no evidence that any of these goodies have ever created jobs,'' said Howard Gleckman, a senior fellow at the non-partisan Tax Policy Center, a research group affiliated with the Brookings Institution and Urban Institute in Washington. "It is hard to be too cynical about tax extenders that have reached a state of near-immortality."
  • Peter Orszag: Departure illustrates US fiscal woes, Christian Science Monitor, (June 22, 2010) By Alissa Figueroa.
    "During previous recessions, “we weren’t worrying about the long-term fiscal imbalance that we’re seeing right now,” says Roberton Williams, senior fellow at the Urban/Brookings Tax Policy Center. “The revenue shortfall and spending excess is much worse now than it was back then. Trying to figure out what to do with the budget is much more complex."
  • Our view on real estate: Misguided housing subsidies promote unfairness, bailouts, USA Today, (June 21, 2010).
    "They are major contributors to the federal deficit and often assist people who don't need help. Tax breaks to homeowners will cost the Treasury $212 billion per year by 2012, according to the Urban Institute. That's about four times what is spent on homeland security. More than half of the total comes from the deductibility of interest on mortgages. The program is wildly popular, of course, because everyone likes a tax break. But its absurdity is evident in the fact that it applies to mortgages of up to $1 million. So average Joes are helping the rich live better."
  • Focus on Tax Policy, The Fiscal Times, (June 17, 2010) by Bruce Bartlett.
    "Also on June 7, economist Roberton Williams examined the distribution of tax filers with no federal tax liability by income class in 2009. Looking at both the income tax and the payroll tax, 22.9% of tax units paid nothing or had a negative liability due to refundable credits. This included 2% of units with incomes between $50,000 and $100,000, and 0.6% of units with incomes over $100,000."
  • What an Estate Looks Like to the Taxman, http://www.nytimes.com, (June 11, 2010) by David Kocieniewski.
    "According to the Tax Policy Center, a research group, unless Congress revises the law by Jan. 1, the number of estates affected in 2011 would increase to 44,200 next year from 5,500 in 2009."
  • Woes Across the Ocean Spur U.S. to Choose Sides on Debt, http://www.nytimes.com, (June 7, 2010) by Deborah Solomon.
    "Other economists say it could rise as much as $11 trillion, including a recent study by William Gale of the left-leaning Brookings Institution and Alan Auerbach, an economics professor at University of California, Berkeley."
  • Calling the tea party's bluff on Medicare, The Seattle Times, (June 4, 2010) By Froma Harrop.
    "What is the extent of the support? A typical couple retiring in 2020 will have paid about $100,000 in lifetime Medicare taxes but will receive $500,000 in scheduled Medicare benefits over the premiums they pay to the program. This is according to C. Eugene Steuerle, a tax policy expert at the Urban Institute."
  • Critz touts Democratic role in low taxes, job creation, PolitiFact, (June 3, 2010).
    "The most complete accounting we've seen is a table of tax data assembled by the Urban Institute-Brookings Institution Tax Policy Center that measures the average federal income tax rate -- that is, federal income taxes paid divided by income -- for four-person families at three representative levels of income."

May

  • Should Billionaires Pay Lower Taxes Than Everyone Else?, DailyFinance.com, (May 29, 2010) By Charles Wallace.
    "Howard Gleckman, a research fellow at the non-partisan Tax Policy Center in Washington, D.C., says that taxing the income of investment managers at a low capital gains rate fails to address the way the money is earned."
  • Should Billionaires Pay Lower Taxes Than Everyone Else?, DailyFinance.com, (May 28, 2010) By Charles Wallace.
    "Howard Gleckman, a research fellow at the non-partisan Tax Policy Center in Washington, D.C., says that taxing the income of investment managers at a low capital gains rate fails to address the way the money is earned."
  • IS THE WORLD BROKE? Entitlements, Spending May Spell Doom, Fox Business News, (May 28, 2010) By Ray Hennessey.
    "The numbers don’t bear out that hypothesis: The top 1% of tax returns paid 40.4% of all federal individual income taxes and earned 22.8% of adjusted gross income. Going down the list, the top fifth of households made 56% of pre-tax income but paid 86% of all individual income tax revenue collected, according to the Congressional Budget Office. According to the Tax Policy Center, about 45% of Americans pay no federal income taxes at all."
  • Center deems Wyden-Gregg tax reform revenue-neutral, The Hill, (May 24, 2010) By Jay Heflin.
    "The Tax Policy Center on Monday found the tax reform bill authored by Sens. Ron Wyden (D-Ore.) and Judd Gregg (R-N.H.) would raise about as much revenue over the next 10 years as the current system, assuming all the tax breaks enacted under former President George W. Bush are extended and the 2009 AMT exemption level is indexed for inflation."
  • America is no Greece – for now, Washington Post, (May 24, 2010) By Fareed Zakaria.
    "The U.S. budget deficit is 10 percent of GDP, but using reasonable assumptions made by Alan Auerbach and William Gale for the Brookings Institution, it will fall to less than 5 percent in four years. (The Congressional Budget Office suggests the deficit will be lower still.) Greek debt as a percentage of GDP is about 115 percent; U.S. debt is about 60 percent of GDP."
  • America needs a VAT, Los Angeles Times, (May 24, 2010) By Leo Hindery Jr and Micheal Lind.
    "While many of the jobs we've already lost to other nations are probably gone for good, if we used a VAT to replace part or all of the corporate income tax, it should at a minimum be easier to hold on to the jobs we still have and to create new ones. A study by Eric Toder and Joseph Rosenberg published in March by the Urban Institute-Brookings Institution Tax Policy Center and the New America Foundation shows how."
  • Fannie, Freddie Fix Is a Federal Hot Potato, Wall Street Journal, (May 24, 2010) By Nick Timiraos.
    "In a forthcoming proposal with former Bush administration economist Donald Marron, Mr. Swagel suggests converting Fannie and Freddie into private firms that securitize mortgages that meet specific standards. They would purchase, for a fee, insurance with explicit government backing. To foster competition, other financial firms could ultimately join Fannie and Freddie in securitizing loans and buying the government guarantee."
  • The End of Peter Pan Fiscal Policy, National Review, (May 24, 2010) By Duncan Currie.
    "America’s public-debt-to-GDP ratio is already higher than it has been since the 1950s. Writing in National Affairs, economist Donald Marron, who served as acting CBO director and a White House economic adviser under Pres. George W. Bush, says the most immediate objective of U.S. fiscal policy should be to stop that ratio from rising."
  • Proposed Estate Tax: Pay Now, Die Later , The Wall Street Journal, Wealth blog, (May 21, 2010) By Robert Frank.
    "As Tax VOX points out, “The option provides two big tax breaks: there’s no tax on the owner’s basis of assets transferred to the trust and any subsequent profits are taxed at the preferential capital gains tax rates."
  • Guest Contribution: Galbraith Defends Deficit Comments, The Wall Street Journal, (May 19, 2010).
    "Real Time Economics highlighted a post yesterday by Len Burman on the Tax Policy Center’s TaxVox blog that criticized deficit comments by economist James Galbraith. In the following guest contribution, Galbraith responds to the TaxVox post."
  • A Better Kind of Bank Tax, The Atlantic, (May 13, 2010) By Derek Thompson.
    "This is a wacky idea, indeed. And Kocherlakota acknowledges that it's wacky idea. But it's kind of fascinating too. "To me it makes a lot more sense than taxing bigness," says the Tax Policy Center's Howard Gleckman, "because bigness isn't necessarily bad. It's what you do with your bigness that can hurt you. It's a smarter way to look at this issue of risk. But whether it would work, I have no idea."
  • Are We Greece?, The New York Times, (May 12, 2010) By Paul Krugman.
    "Here’s a more or less apples-to-apples comparison of the medium-term outlook. I’ve taken the Auerbach-Gale projections for the US budget deficit as a percentage of GDP outlook under Obama policies, and compared them with the IMF projections for Greece, subtracting out “measures” — that is, the austerity measures agreed in return for official loans."
  • Tax bills in 2009 at lowest level since 1950, USA Today, (May 11, 2010) By Dennis Cauchon.
    "The lower tax burden should last at least through 2010, says Roberton Williams of the Tax Policy Center, a think tank in Washington, D.C. "Virtually all the stimulus tax cuts expire at the end of the year," he says. "So the key decision is whether to extend them into 2011."
  • HENSARLING: Obama's 'no tax hike' pledge on the line, The Washington Times, (May 11, 2010) By Rep. Jeb Hensarling.
    "What if Congress intervened and tried to limit tax increases to just those households earning $250,000 or more annually? A study by the Urban Institute-Brookings Institution Tax Policy Center estimated that to reduce the deficit to 2 percent of GDP under the administration's baseline, in 2019 those households making over $250,000 would see the top two marginal tax rates rise to 85.7 percent and 90.9 percent."
  • CHRISTIAN & ROBBINS: A choice for the condemned , The Washington Times, (May 10, 2010) By Ernest S. Christian and Gary A. Robbins.
    "Economist Gene Steuerle at the Urban Institute points out that there may soon be no "fiscal slack," and therefore no "fiscal democracy," left in America: All tax revenues will have been pre-committed and all spending predetermined by the current Congress and president. It is already the case that mandated expenditures plus interest on debt are consuming all tax revenues and will soon greatly exceed them."
  • How Much Government? , Parade Magazine, (May 9, 2010) By David Gergen.
    "The Tax Policy Center has found that while everyone is expected to pay payroll taxes, only 47% of American households now pay federal income taxes."
  • How taxpayers are paying for huge corporate tax hikes, The Christian Science Monitor, (May 6, 2010) By Diane Lim Rogers.
    "Donald Marron takes the “throne” at the Tax Policy Center in less than two weeks, and he’s already showing his wisdom on tax policy. Today on his blog he talked about the “bank tax,” aka the “Financial Crisis Responsibility Fee”–from the Administration that can never say “tax” no matter how evil the entity on which said tax would be imposed.."

April

  • The Federal Debt: How To Lose A Trillion Dollars, NPR.org, (April 30, 2010) By Alan Greenblatt.
    "This is all an exercise in current generations shifting burdens on future generations," Brookings Institution economist William Gale says. "Interest rates are going to rise and at the same time, we're going to have a substantial increase in the size of the debt," says Roberton Williams, a senior fellow with the Urban-Brookings Tax Policy Center. "We'll be paying five times as much in dollar terms by 2020 than we did last year."
  • Home Tax Credit Called Successful, but Costly, The New York Times, (April 26, 2010) By David Kocieniewski.
    "This is all an exercise in current generations shifting burdens on future generations," Brookings Institution economist William Gale says. "Future generations don't vote, of course."
  • US politics risk impeding new fiscal commission, Financial Times, (April 26, 2010) By Edward Luce.
    "The problem is that there is no tipping point that will force politicians from both parties to face up to the seriousness of the US fiscal crisis before it happens,” says Bill Gale, an economist at the Brookings Institution."
  • The national debt and Washington’s deficit of will , Washington Post, (April 25, 2010) By Joel Achenbach.
    "According to the Tax Policy Center, letting the Bush changes expire would push six million lower-income households back on the tax rolls. The way the law is written, Congress can't let some changes expire while retaining others unless it acts."
  • The Great Dividend-Tax Mystery , The Wall Street Journal, (April 24, 2010) By Laura Saunders.
    "According to the Tax Policy Center, letting the Bush changes expire would push six million lower-income households back on the tax rolls. The way the law is written, Congress can't let some changes expire while retaining others unless it acts."
  • Make A VAT Part Of The Solution, National Journal, (April 24, 2010) By Clive Crook.
    "The Tax Policy Center, under the joint sponsorship of the Urban Institute and the Brookings Institution, has calculated that a tax increase of nearly 40 percent would be needed to reduce -- "not eliminate, just reduce," the center emphasizes -- the deficit to 3 percent of GDP by 2015."
  • The truth about health care reform, CNN Money, (April 22, 2010).
    "Eugene Steuerle of the Urban Institute points to a basic economic tension in the plan: The government wants to help most families keep their health costs to around 10% of income, but Congress decided it couldn't afford to directly subsidize everyone enough to accomplish that."
  • Estate Tax Could Come Back With Sharp Bite, The Washington Post, (April 18, 2010) By Lori Montgomery.
    "We're taking all the feasible, non-disastrous ways of dealing with our budget problems off the table," said Leonard Burman, former director of the nonpartisan Tax Policy Center, who now teaches at Syracuse University. "We can't cut Medicare. We can't enact a VAT. We can't raise any income taxes ever, except possibly on the 17 people who make over $1 billion a year."
  • Estate Tax Could Come Back With Sharp Bite, Forbes, (April 18, 2010) By Deborah L. Jacobs.
    "Estimates from the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, show how many upper-middle-class families could be affected. In 2009, when the exemption was $3.5 million, only 5,500 estates paid tax--a total of $14 billion. In 2011, if the exemption reverts to $1 million, more than 44,000 estates will owe a total of $34 billion."
  • Getting a handle on the tea partiers, The Chicago Tribune, (April 18, 2010) By Clarence Page.
    "Maybe that's because 64 percent in the poll said the Obama administration had raised taxes or kept them the same. That's about twice the percentage of Americans overall — and it's wrong. In fact, stimulus legislation resulted in a tax cut on 2009 tax returns, bringing taxes to their lowest levels in 60 years, according to William Gale, co-director of the Tax Policy Center and director of the Retirement Security Project at the Brookings Institution."
  • For Cash-Strapped States, Sin Is Sure Lucrative, The New York Times, (April 16, 2010) By Catherine Rampell.
    "On some level, politicians want these taxes to affect behavior,” said Kim Rueben, a senior fellow at the Urban Institute who studies state and local taxes. “But they’re kind of in trouble if it works too well. If it’s actually effective in changing behavior, governments lose that revenue source and have to figure out what else they can start taxing."
  • Today Is the Best Tax Day of Your Life, Newsweek, (April 15, 2010) By Robert J. Samuelson.
    "Why? For starters, almost half of U.S. households aren't paying any income taxes on their 2009 earnings. The exact figure is 47 percent, says the Tax Policy Center of the Urban Institute and Brookings Institution, two think tanks."
  • Our view on financing government: When 47% don't pay income tax, it's not healthy for USA, USA Today, (April 15, 2010).
    "Contrary to what you might have heard on talk radio or TV, it's not quite that simple. What's true is that the Tax Policy Center, a well-regarded think tank, calculated that 47% of Americans would owe no federal income taxes for 2009, up from the usual 38% who typically owe no income tax on April 15."
  • Few lawmakers file their own tax returns, citing code's complexity, The Hill, (April 15, 2010) By Walter Alarkon and Jay Heflin.
    "The more we simplify, the less we can take into account between families and different costs,” said Williams, now a senior fellow at the Brookings-Urban Tax Policy Center."
  • Celebrating the Joys of April 15 , The New York Times, (April 15, 2010) By Gail Collins.
    "And according to one much, much-quoted study by the Tax Policy Center, 47 percent of American households didn’t have to pay one cent of income tax for 2009. (Marching bands, confetti)."
  • Personal Finance: Millennials At Work, The Washington Post, (April 15, 2010) By Michelle Singletary.
    "The Tax Policy Center, a Washington research organization, reported that about 47 percent of households will pay no federal income taxes in 2009, reports Stephen Ohlemacher in Nearly half of US household escape fed income tax."
  • Taxes soar for region's residents, The Washington Examiner, (April 15, 2010) By David Sherfinski.
    "And with the expansion of government work, the region hasn't been hit as hard by the recession as others, said Kim Rueben, a senior fellow at the Urban Institute, a nonpartisan public policy think tank."
  • Why more Americans pay no income tax, CNN, (April 15, 2010) By Scott A. Hodge.
    "When these people are added to the non-payers, estimates the Tax Policy Center, the percentage of households who don't pay income taxes rises to 47 percent."
  • 'Spreading The Wealth' Isn't Fair , The Wall Street Journal, (April 14, 2010) By Arthur C. Brooks.
    "Meanwhile, projections from the Urban-Brookings Tax Policy Center showed that 38% of Americans were expected to have had zero or negative federal individual income tax liability in 2009, before the stimulus was enacted. After President Obama's budget, stimulus, and other tax changes, this proportion will increase to nearly 46% in 2011, all while the federal government grows in size."
  • Health mandate: It's just a tax break in disguise, CNN Money, (April 14, 2010) By Len Burman.
    "I'm doing my taxes and thinking about mandates. That is natural because health reform passed during tax season. Critics argue that the new law's requirement to purchase insurance or pay a fine is a radical departure and unconstitutional."
  • Who Doesn’t Pay Taxes?, The New York Times, (April 13, 2010) By David Leonhardt.
    "If you listen to talk radio, you may have heard the number 47 percent. That is the share of households that pay no net federal income taxes, once tax credits like the Earned Income Tax Credit are taken into account. This 47 percent number comes from the Tax Policy Center."
  • Marron to Become Director of Tax Policy Center, The Wall Street Journal, (April 13, 2010) By David Wessel.
    "Donald Marron, who worked in the George W. Bush White House, will become the director of the Tax Policy Center, an eight-year-old joint venture of the Urban Institute and Brookings Institution think tanks that produces widely used analysis of tax trends, data and policy options."
  • Obama insiders buzz over possible Value-Added Tax, The Daily Caller, (April 13, 2010) By Aleksandra Kulczuga.
    "The real issue here is whether we are looking at substituting a VAT for some of the inefficient tax policies we have now, or if we are talking about adding it on top of the existing structure,” said Ted Gayer, Senior Fellow in the Economic Studies program at the Brookings Institution."
  • For Top Earners, Tax Bite Is Likely to Be Worst, The Wall Street Journal, (April 12, 2010) By John D. McKinnon.
    "A January study by the nonpartisan Tax Policy Center provides the worst-case scenario. It found that to reduce the federal budget deficit to a sustainable 3% of gross domestic product, the government would have to find an average of about half a trillion dollars each year in new revenue (or spending cuts). That's roughly how much the federal government spends now on the giant Medicare program."
  • Tax day 101: Who pays no income taxes on April 15?, The Christian Science Monitor, (April 12, 2010) By Mark Trumbull.
    "The roughly 45 percent of Americans who owe no income tax are heavily weighted in certain groups based on income and family status, according to The Tax Policy Center, the nonpartisan research group that has run the numbers. More than half the tax-return filers in each of these groups owe no taxes: Those who earn less than $30,000, those who are elderly, and those who are single with children."
  • IBM helps New York go after tax deadbeats, CNN Money, (April 12, 2010) By David Goldman.
    "While some states have been able to stop delinquencies from rising, there is still a growing need to collect tax debts "as states face growing budget gaps," said Kim Rueben, public finance economist at the Urban Institute."
  • US tax bite smaller than other nations', The Christian Science Monitor, (April 11, 2010) By Mark Trumbull.
    "We're looking more and more like European nations," says Rosanne Altshuler of the nonpartisan Tax Policy Center in Washington."
  • We're getting to be two Americas, STEYN: Sweet licks for tax lovers, (April 9, 2010) By Mark Steyn.
    "Yet for an increasing number of Americans, tax season is like baseball season: It's a spectator sport. According to the Tax Policy Center, for the year 2009, 47 percent of U.S. households will pay no federal income tax. Obviously, many of them pay other kinds of taxes."
  • We're getting to be two Americas, The Atlanta Journal Constitution, (April 8, 2010) By Jim Wooten.
    "The Tax Policy Center projects that 47 percent of income tax filers this year will pay nothing. As recently as 2007, it was 38 percent. Top 10 percent of earners pay 73 percent of the tax burden."
  • Will the ACA cause employers to drop coverage?, The Washington Post, (April 7, 2010) By Ezra Klein.
    "Over at the Tax Policy Center, Gene Steuerle writes that the Affordable Care Act "will make it beneficial for many employers to drop their insurance coverage." This, Reihan Salam says, substantially complicates the political case for the reform, even as it may strengthen the intellectual case for it. "Where were the legions of scrupulous fact-checkers from the center and the left when the president claimed that those who liked their coverage would keep their coverage under the reform?" he asks."
  • Tax burden mounting for high earners, The Los Angeles Times, (April 7, 2010) By Janet Hook.
    "They are in a push-pull situation," said Roberton Williams, a tax policy analyst at the nonpartisan Tax Policy Center. "They really want the money [from raising taxes]. But they don't want to quash the nascent recovery. How do you thread the needle?"
  • Nearly half of US households escape fed income tax, The Associated Press, (April 7, 2010) By Stephen Ohlenmacher.
    "About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization."
  • Report: VAT could generate $260 billion in 2012, The Hill, (April 7, 2010) By Walter Alarkon.
    "A value-added tax set at 5 percent applied broadly to the U.S. economy in 2012 would generate nearly $260 billion, according to a new report by the Urban-Brookings Tax Policy Center."
  • Tax-heavy and making plenty cash, The Washington Post, (April 5, 2010) By Dylan Matthews.
    "In 2007, federal, state and local taxes claimed about $3.8 trillion, or 27 percent of U.S. gross domestic product. That's nearly $13,000 for every American. Two-thirds of tax revenues went to the federal government."
  • You pay someone to fill out IRS forms? Outrageous!, Christian Science Monitor, (April 1, 2010) By Howard Gleckman.
    "Where, as they say, is the outrage? For all of the indignation over the new health insurance mandate, I am amazed at the serenity at which we accept another (near) mandate: That we must pay somebody to help us do our taxes."
  • Extra Stimulus Aid Fuels Sales, But Fiscal Flood Cresting Early., The Christian Science Monitor, (April 1, 2010) By Laurent Belsie.
    "That's overstating the case, counters Roberton Williams, a senior fellow at the Tax Policy Center in Washington. President Obama's 2011 budget calls for a repeal of the capital gains tax on small business and the vast majority of small-business owners won't be affected by the full array of taxes that Angrisani describes."

March

  • U.S. Multinationals and Tax Reform, The Council on Foreign Relations, (March 31, 2010) By Roya Wolverson.
    "According to the Obama administration, some multinationals use cross-crediting to glean foreign tax credits for taxes paid on deferred foreign income, before that income is repatriated to the United States. In essence, the tax code allows firms to "blend their repatriations to minimize or avoid U.S. taxes on foreign source income," according to the Urban Institute and Brooking Institution's Tax Policy Center. Obama's proposals would limit "cross-crediting" by requiring firms to account for the foreign tax they pay on foreign earnings in calculating their foreign tax credits."
  • America is in on track for Downgrade Day, The Financial Times, (March 31, 2010) By Douglas Holtz-Eakin.
    "The non-partisan Tax Policy Center’s scholars, Rosanne Altshuler, Katherine Lim and Roberton Williams, have a revealing paper that shows the administration’s favourite option – soak the rich – would require that the top two tax rates be raised to 91 and 86 per cent, respectively. This ignores behavioural responses, so even the unhinged Keynesians will acknowledge that soak-the-rich plans take the US over the peak of the Laffer curve and are not really an option."
  • Obama tax policies are more of the same, Bloomberg, (March 30, 2010) By Kevin Hassett.
    "The health care bill's tax burden can be truly stunning at high incomes. According to the Tax Policy Center, those with incomes between $235,000 and $623,000 can expect to pay an extra $1,110 per year on average. For those with incomes above $623,000, the average amount is $25,474. For those with incomes above $2.8 million, the number is $153,204."
  • Secondary Sources: Capital Markets, Social Security, Job Losses, Wall Street Journal Blog, (March 26, 2010) By Phil Izzo.
    "Why, just this week my (very socially-conscious) 17-year old daughter, Emily, brought up the unsustainable fiscal outlook and said she didn’t understand why we don’t just raise the retirement age–which is what both Bill Gale (of the liberal-leaning Brookings Institution) and Andrew Biggs (of the conservative-leaning American Enterprise Institute… ok, perhaps more than leaning, but more on the David Frum story later) recommend in the NYTimes piece."
  • The Obamaklatura, The Wall Street Journal, (March 24, 2010) By James Taranto.
    "A big chunk of the money to pay for the bill comes from lifting payroll taxes on households making more than $250,000. On average, the annual tax bill for households making more than $1 million a year will rise by $46,000 in 2013, according to the Tax Policy Center, a Washington research group. Another major piece of financing would cut Medicare subsidies for private insurers, ultimately affecting their executives and shareholders."
  • In Health Bill, Obama Attacks Wealth Inequality, The New York Times, (March 23, 2010) By David Leonhardt.
    "A big chunk of the money to pay for the bill comes from lifting payroll taxes on households making more than $250,000. On average, the annual tax bill for households making more than $1 million a year will rise by $46,000 in 2013, according to the Tax Policy Center, a Washington research group. Another major piece of financing would cut Medicare subsidies for private insurers, ultimately affecting their executives and shareholders."
  • ObamaCare's Worst Tax Hike, The Wall Street Journal, (March 17, 2010).
    "Preliminary estimates from the Joint Committee on Taxation peg the revenue from these changes at $183.6 billion over 10 years. The Tax Policy Center of the Urban Institute and Brookings Institution estimates that 86% of the revenue from the investment tax would come from people making more than $624,000, or about 1.2 million taxpayers. This has led many liberals to claim that it won't matter to investors or harm the economy."
  • How Paul Ryan Would Transform the US Tax System, The Atlantic, (March 12, 2010) By Derek Thompson.
    "Let's start with the big numbers. The non-partisan Tax Policy Center found that Ryan's plan came up hundreds of billions of dollars short of his revenue goals. If enacted tomorrow, his plan would lose the US government an additional $550 billion of tax revenue."
  • Extra Stimulus Aid Fuels Sales, But Fiscal Flood Cresting Early., Investor's Business Daily, (March 11, 2010) By Jed Graham.
    "Robertson Williams, senior fellow at the Tax Policy Center, said that those without tax liability are likely to be among the first filers."
  • We Health-care reform's 'back-door' tax., Fortune, (March 11, 2010) By Jia Lynn Yang.
    "You can certainly make the argument that [payroll is] really not appropriate anymore and we may as well tax all income," says Howard Gleckman, a senior research associate at the Urban Institute and editor TaxVox, the center's tax and budget policy blog. "But this is kind of a back-door way to do it."
  • We criticized Paul Ryan's roadmap for the budget. Here's his response., The Christian Science Monitor, Tax Vox Blog, (March 11, 2010) By Howard Gleckman.
    "US Rep. Paul Ryan' says he'd tweak his roadmap for the budget if it didn't maintain governement revenues at traditional levels."
  • The New Republic: Paul Ryan, The Republican's Vision., NPR, (March 10, 2010) By Jonathan Chait.
    "Ryan's plan would make the federal tax code regressive, especially at the top, on top of an already-regressive state and local tax base. According to the Tax Policy Center, the richest 1% of all taxpayers, who earn more than 21% of the national income and currently pay about 25% of federal taxes, would pay 13% of federal taxes under Ryan's plan."
  • Business Lobbyists Push to Revive Estate Tax They Tried to Kill, BusinessWeek, (March 8, 2010) By Jonathan D. Salant.
    "The nonpartisan Tax Policy Center in Washington estimated that a revived estate tax at pre-2001 levels would collect more than $34 billion next year and about $410 billion through 2019."
  • Trash fee plan met with skepticism, Philadelphia Daily News, (March 6, 2010) By Catherine Lucey.
    "If you're actually saying 'We're going to charge you for this government service that was previously part of your property-tax bill,' then usage would make more sense," said Kim Rueben, a senior fellow for the Tax Policy Center, another nonpartisan, nonprofit research group."
  • How $1 trillion hides in plain sight, CNNMoney.com, (March 5, 2010) By Jeanne Sahadi.
    "The irony is that all those breaks can translate into higher tax rates and a federal budget that is much bigger than advertised, according to tax experts Len Burman, a professor at Syracuse University, and Edward Kleinbard, a professor at University of Southern California."
  • Post columnist: Is Ryan's plan 'smoke and mirrors' too?, Milwaukee Journal Sentinel, All Politics Blog, (March 5, 2010) By Diana Marrero.
    "Columnist Jonathan Capehart writes in the Washington Post online Friday: "Howard Gleckman at the Tax Policy Center raises a big caution flag on that assertion. 'CBO assumed this wonderful outcome would occur only if the revenue portion of Ryan's plan generated 19 percent of GDP in taxes. And there is not the slightest evidence that would happen,' Gleckman writes."
  • Why a VAT Tax Is Where It's At, BusinessWeek, (March 5, 2010) By Chris Farrell.
    "Eventually, over the next half-century or so, if the nation's total tax burden stays around its current 18% of gross domestic product, Uncle Sam will end up borrowing to pay interest on the interest, according to Rudolph G. Penner, economist at the nonpartisan Urban Institute. "At that point, total spending, the deficit, and the national debt begin to go straight up," he writes."
  • The Wrong Policy at the Wrong Time, Reason Online, (March 4, 2010) By Veronique de Rugy.
    "There's more. Even if the government could credibly pledge VAT revenue to deficit reduction, a VAT would not even start to address our problems. Projections by the Tax Policy Center show that a 5 percent VAT in the U.S. would raise over $3 trillion in the next 10 years. However, using Office of Management and Budget data, we can see that in the next decade, we would need an additional $5.8 trillion in revenue to fill the gap."
  • SPECIAL SESSION: Legislators vow tax overhaul, Las Vegas Review-Journal, (March 2, 2010) By Laura Myers and Benjamin Spillman.
    "A Price Waterhouse/Urban Institute study commissioned in 1988 after the 1981 tax shift in Nevada warned of dire fiscal problems to come and recommended the state go to a broad-based tax system. Lawmakers ignored it, and voters in 1990 overwhelmingly supported an initiative to constitutionally prohibit a state income tax although the study had cautioned that "the option to enact a personal income tax should not be foreclosed by constitutional prohibitions."
  • Bid to Curb Mortgage Tax Break Falters, The Wall Street Journal, (March 1, 2010) By James Hagerty.
    "Eric Toder, a fellow at the Urban-Brookings Tax Policy Center, a left-leaning Washington think tank, says that low- to moderate-income people—those who might have to stretch to afford a home—typically don't itemize deductions on their tax forms and so get no benefit from this tax break."
  • Living with partisanship, The Washington Post, (March 1, 2010) By E.J. Dionne Jr.
    "Sen. Jim Bunning (R-Ky.) has put a hold on the extension bill, but one of the key reasons the measure is blocked is the effort of Sen. Jon Kyl (R-Ariz.) to use it as a way of forcing a cut in the estate tax. Kyl is essentially leveraging the unemployed to get a deal on estate tax relief that would cost $138 billion over the next decade, according to estimates by the Center on Budget and Policy Priorities. The estate tax has already been cut sharply, so the reduction Kyl is pushing along with Sen. Blanche Lincoln (D-Ark.) would affect the estates of fewer than three out of every 1,000 deceased, according to the Tax Policy Center."
  • Hoyer: Raising taxes a realistic option, The Hill, (March 1, 2010) By Walter Alarkon.
    "To hit the deficit target relying only on tax increases on the rich, as identified by Obama, the income tax rates for those earning more than $250,000 would have to be increased to more than 70 percent, Williams and his colleagues Rosanne Altshuler and Katherine Lim wrote in a Tax Policy Center paper released last month."
  • Tax Expenditures: What They Are, and Why They Need Reform, The Atlantic Online, Business section, (March 1, 2010) By Derek Thompson.
    "Taxes can be used to discourage behavior, so government uses these tax breaks -- which total $900 billion ever year according to the Tax Policy Center -- to encourage certain activities. The number one tax break is on employer provided health insurance, because we want employers to provide health insurance. Another top-ten tax expenditure is the tax deductible status of charitable donations, because charitable giving is, we agree, a nice thing to do. You can find a full list of the largest tax expenditures here."

February

  • Not much impact from repeat buyer credit, The Associated Press, (February 28, 2010) By Adrian Sainz.
    "You've got a really big problem that requires big guns, and the tax credit is just not big enough," said Roberton Williams, senior fellow at the Tax Policy Center in Washington."
  • What Real Tax Reform Looks Like, The Atlantic Online, (February 26, 2010) By Derek Thompson.
    "But is it a good idea? I spoke with Roberton Williams, a senior fellow at the Tax Policy Center. Yesterday I published the first part of our chat, about how the dramatically simplified tax system could make filing taxes so easy it could threaten the existence of tax preparers like H&R Block."
  • Congress pushes back on tax deduction plan from the president, The Hill, (February 24, 2010) By Walter Alarkon.
    "The philanthropic sector was very worried because they themselves were hurting in the current environment, with the reduced value of all the investments," Williams said."
  • Obama's Tax-Credit Plans May Fail to Spur Small-Business Hiring, BusinessWeek, (February 24, 2010) By Catherine Dodge.
    "Roberton Williams, a senior fellow at the Washington-based Tax Policy Center, said much of the benefit of a tax credit would go to companies that would have hired people anyway."
  • Obama Endorses Medicare Tax, More Drugmaker Fees (Update4), Indianapolis Business Journal, (February 22, 2010).
    "This is a potential pot sitting out there, a source of tax revenue that they haven’t tapped into," said Roberton Williams, a senior fellow at the Tax Policy Center in Washington. "It changes the nature of financing for Medicare."
  • Small businesses slow to hire, St. Louis Post-Dispatch, (February 22, 2010) By Steve Giegerich.
    "Those tax credits did result in a small drop in the unemployment rate. Then, as now, many businesses were unaware of the incentives, said Eric Toder, an economist with the Tax Policy Center at the Urban Institute and Brookings Institution."
  • Census rule change sparks debate about counting inmates, Chicago Tribune, (February 21, 2010) By Oscar Avila.
    "According to analysis by the independent tax policy center, the only people who wouldn't get a tax cut are those who make more than $250,000 for couples or $200,000 for a single person. Obama has indicated plans to raise taxes on the wealthiest Americans and eliminate some corporate loopholes."
  • Lost money? Score a whopping tax refund, CNNMoney.com, (February 16, 2010) By Catherine Clifford.
    "C corporations -- those that pay corporate income taxes -- will benefit the most, says Eric Toder, a fellow at the Urban Institute and Urban-Brookings Tax Policy Center."
  • Why No Estate Tax Could Be a Killer, The Wall Street Journal, (February 13, 2010) By Laura Saunders.
    "Under last year's law, estates up to $3.5 million, or $7 million for married couples, were exempt from federal tax. This year that law has been replaced by a fiendishly complex levy raising taxes on the assets of those with little as $1.3 million. It will affect the heirs of at least 50,000 U.S. taxpayers who die this year, whereas the old law affected only about 15,000 estates a year, according to the Tax Policy Center."
  • The K Street Kickback: The Giveaway that Reid Stripped from the Jobs Bill, The Huffington Post, (February 12, 2010) By Catherine Clifford.
    "Tax extenders are basically a set of about 50 individual tax breaks that expire more or less every year, yet are continually renewed by Congress, says Howard Gleckman, senior research associate at the Washington, D.C.-based Tax Policy Center."
  • The Eternal Stimulus, The Wall Street Journal, (February 11, 2010).
    "To wit, the White House is proposing to convert spending sold as a one-time economic boost into a permanent feature of future government growth. As both the Tax Policy Center and the Committee for a Responsible Federal Budget have pointed out, supposedly temporary parts of the stimulus—expansions of the earned income tax credit, the child tax credit and Pell Grants for college students—have now found their way into the budget baseline."
  • Republican caucus did not back Democrats' tax cuts, St. Petersburg Times, (February 3, 2010) By Robert Farley.
    "In a way this reminds me of Clinton's 'It depends on what your meaning of is is' comments," said Rosanne Altshuler, director of the nonpartisan Tax Policy Center. "It depends on what you mean by tax cuts."
  • Let's freeze more than chump change, The Washington Post, (February 2, 2010) By Len Burman.
    "President Obama has proposed to freeze most domestic discretionary spending -- a step in the right direction, but not enough. The $250 billion in expected savings over the next decade is chump change compared with deficits that could top $10 trillion if policy doesn't change."
  • Obama to use backdoor taxes to hit middle class? Oops, not true., Christian Science Monitor, (February 2, 2010) By Laurent Belsie.
    "It means more money out of taxpayer pocketbooks. But these tax breaks were never intended to be permanent the way the Bush tax cuts were intended, says Roberton Williams, a senior fellow at the Tax Policy Center, a Washington think tank sponsored by the Urban Institute and Brookings Institution. "It becomes a philosophical question," he writes in an e-mail."
  • The Geezers’ Crusade, The New York Times, (February 1, 2010) By David Brooks.
    "Second, they are taking freedom. In 2009, for the first time in American history, every single penny of federal tax revenue went to pay for mandatory spending programs, according to Eugene Steuerle of the Urban Institute. As more money goes to pay off promises made mostly to the old, the young have less control."
  • Breaking Down Obama's Budget, U.S. News & World Report, (February 1, 2010) By Rob Silverblatt.
    "Roberton Williams, a senior fellow at the Tax Policy Center, says that this plan predates the backlash that hedge funds have experienced in the wake of the Bernard Madoff saga."

January

  • The U.S. is broke. Here's why., The Christian Science Monitor, (January 27, 2010) By Gene Steuerle.
    "In his State of the Union address tonight, President Obama no doubt will promise to attack the deficit. He has already ramped up talk of "fiscal responsibility," including his just-announced plan for athree-year freeze on "non-security" spending. All that is well and good, given our deepening debt and dependence on unfriendly foreign governments. Trouble is, the deficit is only a symptom of a chronic disease that strikes at the very heart of democratic government."
  • What's cooler than a child-care tax credit? Obama's opt-out IRA, The Christian Science Monitor, (January 25, 2010) By David Grant.
    "One 2007 Harris poll found that 98 percent of workers who opted for their employers automatic enrollment plans were glad they had the option. More importantly? Four in five who opted out also said they were glad to have the option, according to a December 2009 research paper from two economists at the Urban Institute."
  • Secondary Sources: Deficit Reduction and Taxes, Jobs, Geithner, The Wall Street Journal, (January 22, 2010) By Phil Izzo.
    "Bob Williams writes on the Tax Policy Center’s TaxVox blog that higher income taxes alone won’t solve the budget problem. “Under the higher tax baseline of current law, we’d have to raise all individual rates by 15 percent to meet our 2 percent deficit goal. But under the lower-revenue scenario of current policy, rates would have to jump nearly 50 percent."
  • Massachusetts Vote Will Shape Budget Restraint, The Wall Street Journal, (January 19, 2010) By Kathleen Madigan.
    "That sum will have to be paid off by future taxpayers, warns Howard Gleckman of the Tax Policy Center of the Urban Institute. "It is an explicit transaction of borrowing from their grandchildren so that grandparents can consume today," he says."
  • Economics of Haiti Aid Efforts, The New York Times, Economix blog, (January 19, 2010) By Catherine Rampell.
    "On TaxVox, Howard Gleckman argues against providing special tax breaks for Haiti relief."
  • Letter: Greedy Freeloaders, News & Observer, (January 19, 2010).
    "Think again. A recent study by The Urban-Brookings Tax Policy Center shows that for 2009 about half of the U.S. households will end up not paying any income tax. Additionally, the bottom 40 percent of those who actually work will get extra money. They are not going to vote for someone who is jeopardizing their free ride by being fiscally responsible."
  • Change in law starving jobless fund, The Providence Journal, (January 19, 2010) By Neil Downing.
    "Many employers therefore wound up paying far less in state unemployment tax than they would have. And the state’s trust fund received fewer tax dollars than it would have, said Wayne Vroman, an economist at the Urban Institute, a nonpartisan economic and social policy research group in Washington, D.C."
  • Column on death and taxes? It's unavoidable, The Oregonian, It's Only Money blog, (January 16, 2010) By Brent Hunsberger.
    "Immediately, this problem affects few of us. Only 5,500 federal estate tax returns were filed in 2009, the fewest since the IRS began keeping records in 1934, according to the Tax Policy Center, a Washington, D.C.-based research group."
  • Tax expansion could pay for healthcare overhaul, Los Angeles Times, (January 14, 2010) By Janet Hook and Noam N. Levey.
    "It's a very progressive way to raise money," said Roberton Williams, an analyst at the nonpartisan Tax Policy Center. "It would protect union workers. It would definitely target people who are better-off, but it could hit some of the elderly who are relying on savings to get by."
  • Experts Say Curb US Debt or Suffer A Dollar Crisis, Reuters, (January 13, 2010) By Alister Bull.
    "It has got to be done. It will be done some day. It may be done with enormous pain. Or it may be done more rationally," said Rudolph Penner, a former head of the nonpartisan Congressional Budget office who co-chaired the 24-strong Committee on the Fiscal Future of the United States."
  • The New Estate-Tax Math: Give to Charity or Your Children?, Wall Street Journal, The Wealth Report blog, (January 13, 2010) By Robert Frank.
    "Adds Ben Harris of the Brookings Institution and Urban Brookings Tax Policy Center: “With repeal, the price of charitable giving is more expensive. This is a monumental change in the estate-tax rate. We’re not talking about going from a 45% estate tax to a 35% tax. We are talking about from 45% down to zero. Does this mean people won’t give to charity anymore? No. Of course they’ll give to charity; just less."
  • Why the Refundability Threshold for the Child Tax Credit Matters, Wall Street Journal, (January 11, 2010) By Elaine Maag.
    "Last year’s stimulus bill extended the Child Tax Credit to millions of poor children, boosting their families’ incomes by as much as $825 in 2009 and 2010. Now, Congress must decide whether to continue that benefit beyond this year, when the credit is scheduled to shrink for low-income families who need it the most."
  • Explain This to IRS: Tax Agency Is $32 Billion Short, Sphere.com, (January 7, 2010) By Tamara Lytle.
    "It is absolutely true we are asking the IRS to take on a huge rule when it is having a hard time doing the job it is there to do," he said. "On the other hand, if someone in the government is going to do this, the IRS is probably the best place. The IRS already has contact with almost every American."
  • An Entitlement Certain to Grow In Spite Of 'Firewalls', Kaiser Health News, (January 7, 2010) By James Capretta.
    "Gene Steuerle of the Urban Institute has calculated that, under the Senate bill, a family of four with an income of $60,000 with employer-sponsored health care would get $4,500 less in federal support outside of the exchange than a similar family inside the exchange would get in 2016. And there would be many tens of millions more families outside the exchange than in it, according to CBO. Today, there are about 127 million Americans under the age of 65 with incomes between 100 and 400 percent of the federal poverty line, but CBO expects only about 18 million people will be getting exchange subsidies in 2016."
  • Health reform skepticism, Part 2, Washingtonpost.com, Post Partisan blog, (January 6, 2010) By Charles Lane.
    "There are policy wonks -- and then there's Eugene Steuerle of Washington's Urban Institute. A former Treasury Department official, Steuerle not only has a preternatural understanding of federal tax, budget and welfare policy, but he can communicate his knowledge in terms the non-wonks among us easily understand. He's also non-ideological. So when Eugene Steuerle starts wondering about the feasibility of the current health care legislation, it's worth listening to what he has to say."
  • The Savvy Senior: Tax help for lower-income seniors, Daily Record, (January 5, 2010) By Jim Miller.
    "There are millions of seniors in your situation. In fact, according to the Tax Policy Center, around 55 percent of Americans older than 65 won't have to file income tax returns this year mainly because their incomes are under the IRS filing requirements. Here's what you should know."
  • Reducing U.S. debt: Ideas from the Hall of Lame, CNNMoney.com, (January 4, 2010) By Jeanne Sahadi.
    "The president thinks we will somehow reduce the deficit and fix the tax code without raising taxes by a dime for those poor souls making a quarter million dollars-a-year or less. Unfortunately, that's 95 percent of us. Can't wait to see how he does it," Howard Gleckman, editor of the blog TaxVox, wrote in a recent blog post."