Tax Policy Center

budget

Federal Budget and Economy: TaxVox
Treasury closed the financial books on fiscal 2014 last week. As my colleague Howard Gleckman noted , the top line figures all came in close to their 40-year averages. The $483 billion deficit was about 2.8 percent of gross domestic product, for example, slightly below the 3.2 percent average of
October 20, 2014Donald Marron
Federal Budget and Economy: TaxVox
Yesterday, the Treasury Department reported that the deficit for Fiscal Year 2014, which ended on Sept. 30, fell to $483 billion, or about 2.8 percent of Gross Domestic Product. This being Washington, the report was hailed as either an enormous success or dismissed as meaningless. Who is right? Is
October 16, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
When President Obama proposed his 2015 budget last March, he vowed to cut taxes for working class Americans while making sure high income households pay their "fair share." New Tax Policy Center estimates show that, like it or not, Obama would do pretty much as he promised. Low-income households
July 2, 2014Roberton C. Williams
Federal Budget and Economy: TaxVox
In his new book, Dead Men Ruling , my Tax Policy Center colleague Gene Steuerle delivers a powerful indictment of the current epidemic of irresponsible fiscal policy. But Gene isn’t writing about deficits and today's economy. His focus is on the long-term political, social, and economic
May 13, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
After it returns from Spring Break next week, Congress may face two big fiscal reality checks. It will have to decide whether to temporarily extend...
March 20, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Over the past few years, the long-term fiscal situation has improved. With the passage of the American Taxpayer Relief Act of 2012 (in early January,...
March 6, 2014William G. GaleAlan J. Auerbach
Federal Budget and Economy: TaxVox
Tax Vox proudly announces its seventh annual Lump of Coal Award for the worst tax and fiscal policies of 2013. The year was a curious...
December 23, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Senate Democrats are circulating a list of a dozen tax “loopholes” they’d like to close as part of a budget package. It is unlikely that...
November 13, 2013Howard Gleckman
Individual Taxes: TaxVox
Congressional negotiators are trying to craft a budget deal by mid-December. Fareed Zakaria’s Global Public Square asked twelve experts what they hoped that deal would...
November 4, 2013Donald Marron
Federal Budget and Economy: TaxVox
As House and Senate budget negotiators sit down (eight months late), the inevitable issue of new revenues has already raised its head. Predictably, Democrats insist...
October 31, 2013Howard Gleckman