dynamic scoring

Paul Ryan and The “Ridiculous Notion” of Tax Distribution

Last week, House Speaker Paul Ryan said in a CNBC interview that the distributional analysis of tax plans done by the Tax Policy Center, the Joint Committee on Taxation, and others is based on the “ridiculous notion” that the effect of tax changes on different income groups is important. Ryan, who

March 22, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The Challenges of Modeling Presidential Tax Plans

The Challenges of Modeling Presidential Tax Plans The Committee for a Responsible Federal Budget sponsored a fascinating discussion yesterday on estimating presidential candidate tax plans. My Tax Policy Center colleague Len Burman, Kyle Pomerleau of the Tax Foundation, and Bob McIntyre of Citizens

March 10, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Five Questions to Ask When You Look at a Presidential Candidate’s Tax Plan

I recently suggested that voters look seriously at the tax proposals being touted by presidential candidates, even though those plans have little chance of ever becoming law as proposed. But what should those voters look for as they sort through these complex ideas? Here are five questions you

December 29, 2015Harvey Galper

Federal Budget and Economy: TaxVox

CBO Has No Idea What Repeal of the ACA Means for the Economy or the Deficit

This is what the Congressional Budget office really said about the budgetary and economic effects of repealing the Affordable Care Act: It has no idea. That, of course, it not what the political partisans are saying in the wake of CBO’s Friday release of a report on this exceedingly controversial

June 23, 2015Howard Gleckman

Federal Budget and Economy: TaxVox

Tax Cuts for Low- and Moderate Income Households May Be Much More Powerful Than Cuts for the Rich

It turns out that tax cuts for the job creators...don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an

April 21, 2015Howard Gleckman

: TaxVox

Spending Cuts, Surpluses and Sales Opportunities

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

Federal Budget and Economy: TaxVox

The House GOP Budget As Can Opener: An Impossible Task and A New Lesson in Dynamic Budget Scoring

Two takeaways from the House Budget Committee’s 2016 fiscal plan : A) It is impossible and B) It is the latest example of the challenges of trying to include macroeconomic effects of tax and spending choices in budget scoring. Let’s start with A. Like most budget resolutions, this one builds only a

March 17, 2015Howard Gleckman

Individual Taxes: TaxVox

Dynamic Scoring Forum: Inside the Black Box

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

: TaxVox

Raising Taxes to Fuel, Fly, and… Drink?

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

Dynamic Scoring Forum: Overblown Concerns?

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