Tax Policy Center

dynamic scoring

: TaxVox
Territorial tax systems abroad may not be good models for corporate reform here. A new TPC paper warns against drawing quick and easy conclusions from the territorial tax systems in other developed countries. While Senate Finance Committee Chairman Orrin Hatch and House Ways and Means Committee
January 23, 2015Renu Zaretsky
: TaxVox
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the biggest loophole in the tax code for high-wealth households,” says TPC’s Len Burman. Len explains
January 20, 2015Renu Zaretsky
: TaxVox
The House orders dynamic scoring. On the first day of the new Congress, the House, by a largely party line vote, instructed the Joint Committee on Taxation and the Congressional Budget Office to include macroeconomic effects when it calculates the revenue effects of major tax bills. The rule comes
January 7, 2015Renu Zaretsky
: TaxVox
Washington Governor Jay Inslee proposes a statewide cap and trade program. The Democrat released details of his carbon pollution market program that would give the state’s Department of Ecology authority to set annual goals aimed at reducing emissions to half of 1990 levels. Inslee would extend the
January 5, 2015Renu Zaretsky
: TaxVox
Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes. Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers how they might shape developments in 2015. “Camp’s proposal provides the means to think seriously
December 29, 2014Renu Zaretsky
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
: TaxVox
Together again: The US Supreme Court, the IRS, and the Affordable Care Act. Two years ago, the Court ruled that the ACA health care mandate is a constitutional tax. Now, it has decided to consider whether the IRS has overstepped its authority by providing premium tax credits to enrollees in
November 10, 2014Renu Zaretsky
: TaxVox
Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. Counting devices before they hatch? Should the GOP take the Senate in November , medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. The tax
October 13, 2014Renu Zaretsky
Federal Budget and Economy: TaxVox
Like a couple of baseball managers working the umpires before a big World Series game, Treasury Secretary Jack Lew and Representative Paul Ryan (R-WI), who wants to be the next chair of the House Ways & Means Committee, are looking to change the way Congress scores tax reform even before
October 9, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Immigration policy poses an unusual challenge for the Congressional Budget Office and the Joint Committee on Taxation. If Congress allows more people into the United...
May 3, 2013Donald Marron