Just about everyone wants to redesign the corporate tax, but there is little agreement among lawmakers or policy analysts on how to pay for such a reform. At a Senate Finance Committee hearing today , Tax Policy Center co-director Eric Toder urged lawmakers to think beyond the traditional cut-the-rates, broaden-the-base solution.
It is only April and we have heard presidential candidates propose some of the biggest and most ambitious tax plans i n modern US history. Donald Trump is proposing the largest tax cut ever, and Ted Cruz is not far behind. Bernie Sanders has proposed the biggest tax increase since World War II. But
The House may have a bipartisan transportation bill. The measure would authorize highway spending for another six years. But while it sets $325 billion in infrastructure spending over six years, it guarantees only the first three years of funding. The last three years? Congress would have to “
If anyone needed another example of why a carbon tax is a good idea, look no further than Volkswagen’s diesel scandal. The automaker’s efforts to game the current system are a case study in what’s wrong with government attempts to reduce pollution with regulation and tax subsidies, rather than
In recent days, President Obama has painted the risks of climate change in apocalyptic terms. Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, "entire nations will find themselves under severe, severe problems: More drought. More floods
Climate change is hot. From the pope’s encyclical to the upcoming United Nations conference in Paris, leaders are debating how to slow and eventually stop the warming of our planet. We economists think we have an answer: put a price on carbon dioxide and the other gases driving climate change. When
What might happen to federal highway funding? Clues next week? Both tax-writing committees will hold hearings on long-term funding for the Highway Trust Fund. The House Ways & Means Committee will hold its hearing on Wednesday . The Finance panel will meet on Thursday. The Fund currently relies