Brief

Section 170 of the Internal Revenue Code (Charitable Contributions) now contains 16 subsections divided into 75 paragraphs and who knows how many subparagraphs. The CCH version of Section 170 and its legislative history takes up 35 pages. In addition, much of this voluminous statute is difficult...

January 6, 2013
Dan Halperin
Brief

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.

February 2, 2010
Leonard E. Burman
Brief

In his State of the Union address, President Obama no doubt will promise to attack the deficit. Trouble is, the deficit is only a symptom of a chronic disease that strikes at the very heart of democratic government. The disease? Fiscal sclerosis — setting future national priorities in stone long...

January 27, 2010
C. Eugene Steuerle
Brief

Private equity has grown exponentially: it now controls and operates a large number of the companies in our economy. But private equity is just that: private. Its operations are confidential and difficult to parse. This article attempts to demystify the business of private equity. It also...

September 24, 2013
Brief

Using the latest long-term budget projections from the Congressional Budget Office, we project that individual income tax revenues under current law will increase as a share of GDP from a little over 9.5 percent in 2025 to a little less than 13.3 percent in 2090, an increase of over 3.7...

September 1, 2015
James R. Nunns, Jeffrey Rohaly
Brief

In the New York Times' Room for Debate, Roberton Williams discusses the estate tax and why, despite its shortcomings, it still has an important role in federal tax policy.

December 17, 2010
Roberton C. Williams
Brief

In commentary for the San Francisco Chronicle, Gene Steuerle asserts that all of the following myths about Social Security retirement ages are wrong: (1) increasing the retirement age will reduce benefits; (2) increasing the retirement age discriminates against lower-income workers with shorter...

August 27, 2010
C. Eugene Steuerle
Brief

This article examines the economic benefits of alternative minimum tax reform relative to the current policy baseline. The authors find that AMT reform can lead to improved progressivity, greater efficiency, and a lessened compliance burden while raising an equal amount of revenue.

December 1, 2010
Benjamin H. Harris, Daniel Baneman
Brief

[Financial Times] Just how big is the tax cut under debate in the US? How big in relation to the economy and current tax collections? And how big compared with past cuts? We know that President George W. Bush and the House of Representatives want $1,600 billion of tax cuts over 10 years,...

April 26, 2001
C. Eugene Steuerle
Brief

[Houston Chronicle] Why is the tax code so complicated? Because whenever politicians face important tax policy choices, they always compromise with more complexity. That way they can avoid painful trade-offs.

June 3, 2001
Leonard E. Burman