Tax Policy Center

EITC

: TaxVox
A Senator says “ no way ” to a bill that won ’ t see December ’ s light of day. As far as the lame-duck Congress is concerned, the Marketplace Fairness Act is dead: House Speaker John Boehner assured as much last week . Senator Ted Cruz has added his two cents (tax-free) insisting it is the “height
November 19, 2014Renu Zaretsky
: TaxVox
There’s more than one way to skin a cat (and reduce taxes). Warren Buffett, chairman of Berkshire Hathaway, has made a swap for Procter & Gamble’s interest in Duracell. The “cash-rich split-off” means that Berkshire Hathaway bought Duracell in exchange for its appreciated P&G stock, worth $
November 14, 2014Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
I like the Earned Income Tax Credit (EITC). It encourages work and allows millions of low-wage workers and their kids to escape a life of poverty . Democrats support it as a critical part of the safety net. Republicans back it because it rewards work and family. Just last week, House Budget
July 30, 2014Leonard E. Burman
Federal Budget and Economy: TaxVox
When President Obama proposed his 2015 budget last March, he vowed to cut taxes for working class Americans while making sure high income households pay their "fair share." New Tax Policy Center estimates show that, like it or not, Obama would do pretty much as he promised. Low-income households
July 2, 2014Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox
House Ways & Means Committee Chair Dave Camp’s tax reform plan would make many changes to the two major refundable tax credits aimed at assisting...
March 11, 2014Elaine Maag
Individual Taxes: TaxVox
Senator Ron Wyden (D-OR), about to become the new chairman of the Senate Finance Committee, said Friday that he aims to eventually rewrite what he...
February 10, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
As the idea of expanding the “childless EITC” gathers steam, it’s time to start thinking about what the next generation of worker credits should look...
February 5, 2014Elaine Maag
State and Local Issues: TaxVox
The Earned Income Tax Credit (EITC) is one of our nation’s most effective anti-poverty policies, bringing 10.1 million families out of poverty in 2012 ...
January 31, 2014Benjamin H. Harris
Federal Budget and Economy: TaxVox
When it comes to tax policy, President Obama’s State of the Union address last night was a model of modesty. There was little new. And,...
January 29, 2014Howard Gleckman
Individual Taxes: TaxVox
Who benefits from the tax credits, deductions and exclusions that have become such an integral part of the modern tax code? Nearly all of us...
December 19, 2013Howard Gleckman