Tax Policy Center

Barack Obama

: TaxVox
Everything could come up roses for Rubio and Lee. At least one version of dynamic scoring—accounting for macroeconomic effects of a proposal—has produced some rather glowing estimates of senators Marco Rubio’s and Mike Lee’s tax plan. The Tax Foundation says the Rubio-Lee plan would increase tax
March 9, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
In his budget proposal, President Obama would raise capital gains taxes as a way to finance middle class tax relief. Along with many Republicans, he also supports tax rate cuts for business and efforts to prevent multinational corporations from avoiding U. S. taxation. This raises an intriguing
February 6, 2015C. Eugene Steuerle
Business Taxes: TaxVox
The tax proposals in President Obama’s 2016 budget combine two interesting ideas for international reform with his often-stated--but still vague-- goal of a broad-based corporate tax overhaul. First, the framework: Obama has once again proposed cutting the corporate tax rate to 28 percent from the
February 4, 2015Howard Gleckman
: TaxVox
An analysis lays a foundation for debate. The TPC has a new paper on the distributional effects of the President’s tax proposals . His tax cuts primarily benefit low-income single workers and families with children. Households with very high incomes and substantial capital assets would pay more. A
February 2, 2015Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
After President Obama proposed, and rapidly abandoned, a plan to curb the tax advantages of Sec. 529 college savings accounts, several wise observers, including my friend David Wessel at Brookings, saw an object lesson for broad-based tax reform. To wit: If lawmakers can’t ditch a single $1 billion
January 30, 2015Howard Gleckman
: TaxVox
TPC shows how President Obama would redistribute income from the rich to the poor. The President will release his budget next week, and with it, a tax plan analyzed by the Tax Policy Center . TPC’s Howard Gleckman explains that under the plan, after- tax income would increase by about $175 in 2016
January 29, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
In his upcoming budget, President Obama will propose to strip away the “loopholes” that permit wealthy individuals to accumulate large amounts in tax-favored retirement plans. He would prohibit a taxpayer from contributing any more to IRAs or other qualified retirement plans once his or her
January 28, 2015Steven M. Rosenthal
Campaigns, Proposals, and Reforms: TaxVox
President Obama’s latest tax package, which he’ll unveil in detail next week along with his new budget, would lower taxes for low-income households and significantly raise taxes for the highest income 1 percent—those making $663,000 or more, according to new Tax Policy Center estimates . Middle-
January 28, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
President Obama’s new proposal to tax capital gains at death is a welcome change that would close a huge loophole, but it suffers from a serious flaw: For some assets, it would be a record-keeping nightmare. Fortunately, there is an easy fix. The proposal is part of a broader tax plan that Obama
January 21, 2015William G. Gale
Federal Budget and Economy: TaxVox
President Obama’s tax proposals for the middle class were a key element of his State of the Union address. But they represent only relatively modest efforts to create subsidies through the tax code rather than through other departments of government. Looked at broadly, many only tinker around the
January 21, 2015C. Eugene Steuerle