Tax Policy Center

Congress

Individual Taxes: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring . Whether dynamic scoring for official revenue estimates is a good or bad idea, it is now a part of scoring rules in the House. As a result, it is more compelling than ever to understand the forces that determine economic
March 17, 2015Jane Gravelle
Federal Budget and Economy: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring. Macroeconomic scoring, aka dynamic scoring, has been debated for years. For the 114 th Congress, the House has adopted a rule to institute the procedure for major bills. But what would dynamic scoring really mean in practice
March 11, 2015G. William Hoagland
Federal Budget and Economy: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring . One of the strengths of the US budgeting system is that proposals are held accountable through a relatively open process of scoring the costs and benefits. This process, as run by the Congressional Budget Office and others,
March 6, 2015Simon Johnson
Individual Taxes: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring House Ways & Means Committee Chairman Paul Ryan has claimed that the House dynamic scoring rule would generate more information. But the new rule asks for an official cost estimate that reflects only a single estimate
February 25, 2015Chye-Ching Huang
Federal Budget and Economy: TaxVox
The House vote to require the Congressional Budget Office and the congressional Joint Committee on Taxation to include macroeconomic effects in some official budget scores is enormously controversial in the policy world and among economists. To help unpack this complex issue, Tax Vox has asked
February 19, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
It is hard not to notice that while policymakers are talking tax reform they are walking tax deform. The more they vow to lower tax rates and eliminate targeted tax preferences (close loopholes in Congress-speak), the more bills they push to create new subsidies or juice up old ones. Yesterday, the
February 12, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A
January 26, 2015Howard Gleckman
Individual Taxes: TaxVox
The Senate Finance Committee has created five bipartisan working groups to develop ideas for comprehensive tax reform by the end of May. It is a good idea. But it is unlikely to accelerate the panel’s timetable for producing legislation. The task forces won't develop many new ideas. Let’s be honest
January 15, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
So much has changed. Yet, when it comes to taxes, so much has not. Republicans have taken control of Congress and now hold governorships in 31 states. The U.S. economy is finally on solid ground. And presidential hopefuls are gearing up for the 2016 election. But for all that, the top tax stories
January 6, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
The massive 2015 spending bill that President Obama is likely to sign this week continues an ongoing effort to trash the Internal Revenue Service. It is a cynical recipe for a self-fulfilling disaster: Give the agency more and more work. Cut its budget. Blame it for failing to do its job. Repeat.
December 16, 2014Howard Gleckman