Tax Policy Center

budget deficit

Individual Taxes: TaxVox
Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some money generated by eliminating tax preferences ought to go to rate reduction. But how much does Treasury lose when Congress reduces individual tax
August 21, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Next time a lawmaker starts to pontificate about the desperate need to reduce the budget deficit, remind him (or her) about what Congress did just before it left town last week. It passed two bills that are extremely important, but didn’t pay for either of them. And they are likely to add tens of
August 7, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Republican Presidential candidates say--all the time--that they hate budget deficits. A linchpin of each of their campaigns is a promise to slash government and eliminate...
February 23, 2012Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Erskine Bowles and Alan Simpson, co-chairs of President Obama’s Deficit Commission, have released a “ Chairmen’s Mark ,” a broad plan to reduce the federal deficit by cutting spending and raising taxes. The plan includes various options that would impose different changes on the tax side of the
November 12, 2010TPC