consumption tax

Is a Consumption Tax Talk Making a Comeback?

Maybe it’s just because Congress is on spring break and tax wonks don’t have much to talk about, but suddenly the idea of a consumption tax is getting a new look. The tax plan proposed earlier this month by senators Mike Lee (R-UT) and Marco Rubio (R-FL) is one form of the levy. And tax journalists

March 31, 2015Howard Gleckman

: TaxVox

No Congressional Approval of a Spending Deal Yet, But Plenty of Commotion

In the spending bill, inversion curbs could be curbed. The bill to fund the government through September 2015, scheduled for a House vote today and a Senate vote after that, waters down Democratic-supported curbs on corporate inversions. The Ds would have barred companies that move their tax

December 11, 2014Renu Zaretsky

Campaigns, Proposals, and Reforms: TaxVox

Can the Income Tax Fund the Government We Want?

Can the income tax fund the government we seem to want? Probably not. Will lawmakers create a revenue system that will? Not anytime soon. That...

February 5, 2013Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

What a Value-Added Tax Would Mean for the Tax Code—and the Economy

A well-designed Value-Added Tax could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding...

January 31, 2012Howard Gleckman