Tax Policy Center

Dave Camp

: TaxVox
Have taxes, will travel. The American Road & Transportation Builders Association wants Congress to raise the federal gas tax by 15 cents a gallon to generate $401 billion in new transportation funding. Money for the Highway Trust Fund dries up in May. The group suggests the tax be offset with a
March 13, 2015Renu Zaretsky
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
Last night, the House Republican leadership proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. But there may be less to these new rules for so-
December 24, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
It’s time for the annual Tax Vox Lump of Coal Awards for the worst tax policy of 2014. The past 12 months were a banner year for bad ideas and their perpetrators. The Top 10 are: Frank Underwood & Elvis. Tax subsidies for economic development hardly ever pay for themselves. But two are worthy
December 23, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
At first glance, 2014 seemed like a tax policy wasteland, but two developments may have set the stage for important future initiatives. A wave of tax-driven corporate inversions showed one reason why tax reform is necessary. A detailed plan by House Ways & Means Committee chairman Dave Camp (R-
December 22, 2014William G. Gale
Federal Budget and Economy: TaxVox
Everybody loves the idea of tax reform. And tax reform can be very good policy. But advocates often turn to magical thinking about how good tax reform can be, and a recent column by George Will offers two examples of this problem. First, Will writes that “if America’s long-term economic growth [
December 18, 2014William G. Gale
: TaxVox
No shutdown, so far . Democrats hated it because of riders weakening Dodd-Frank financial protections and allowing fat-cats to triple their donations to political parties. Republicans hated it because it didn’t stop President Obama from liberalizing immigration laws. But, in the end, the House
December 12, 2014Renu Zaretsky
Individual Taxes: TaxVox
Dave Camp on tax reform: “It can be done.” Retiring House Ways & Means Chair Dave Camp remains optimistic . The Hill reports that a deal to extend expiring tax breaks could give Camp’s successor, Paul Ryan, a chance to secure broad GOP support for a tax reform plan. About that tax extender deal
December 1, 2014Renu Zaretsky
Business Taxes: TaxVox
The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. The U.S. corporate tax system is broken. The current method of taxing the profits of large,
November 24, 2014Eric Toder
: TaxVox
As expected: Paul Ryan will succeed Dave Camp as House Ways & Means Chair. Representative Kevin Brady removed himself from consideration earlier this week, though he had more committee seniority. The full House GOP conference approved its Steering Committee’s chairmanship recommendations,
November 20, 2014Renu Zaretsky