Tax Policy Center

Chris Christie

: Daily Deduction
Clinton, Trump sweep Super Tuesday primaries. Clinton collected 453 delegates, Trump rounded up 203. But neither landed a knock-out punch. So... on to the next round: 18 delegate-rich contests through March 15 that could largely decide both party races. Maybe voters in Michigan and Missouri will be
March 1, 2016Renu Zaretsky
: TaxVox
Donald Trump unveiled his tax plan—is it going to “cost him a fortune?” He has a tax cut for nearly everybody , but the highest income households would likely be the biggest beneficiaries. And his plan would likely add trillions to the national debt over the next decade, concludes TPC’s Howard
September 29, 2015Renu Zaretsky
: TaxVox
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following the Obergefell v. Hodges decision, senior Senate Finance Committee Democrat Ron Wyden said Friday
June 29, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
The silence is deafening. Remarkably, Republicans lining up to run for president aren't talking about cutting taxes. Tax reform? Sure. Rate cuts? Absolutely. But so far at least, national Republicans seem more willing to tackle same-sex marriage than big Ronald Reagan/George W. Bush-style tax cuts
May 12, 2015Howard Gleckman
: TaxVox
There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school
April 22, 2015Renu Zaretsky
: TaxVox
The House GOP Budget: No tax reform details. The House Budget Committee unveiled a budget with $5.5 trillion in spending cuts that promises balance by 2024. Committee Chairman Tom Price is confident the budget will pass the House this week. However, TPC’s Howard Gleckman says there is no chance it
March 18, 2015Renu Zaretsky
: 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
: TaxVox
The Illinois legislature passed a budget with revenue holes and no spending cuts. Democratic Governor Pat Quinn tried to make temporary tax increases—set to partially expire on January 1—permanent, but he couldn’t get the votes. And Illinois House Democrats wouldn’t cut spending and instead kept it
June 2, 2014Renu Zaretsky