Tax Policy Center

estate tax

: TaxVox
The United Framework for tax reform outlined last week by the congressional Republican leadership and the Trump Administration included a proposal to eliminate the estate...
October 9, 2017Daniel Berger
: TaxVox
On Sunday, top presidential adviser Kellyanne Conway made an important rhetorical pivot: The Trump Administration may no longer be pushing for tax cuts or even...
January 24, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
The other day, a Daily Deduction reader asked why I used the phrase “tax relief” as a synonym for “tax cuts.” He suggested that “relief” is a loaded term that implies taxes are too high and therefore bad, and that tax cuts, in turn, are good. That hadn’t occurred to me.
August 3, 2016Renu Zaretsky
Individual Taxes: TaxVox
I was 12 when I first heard “Little Red Corvette,” a profoundly racy song by the late musician Prince. I didn’t really understand the lyrics but remember shouting, “I love this song!” Even though English was their second language, my parents caught its meaning and were not fans. I just rolled my eyes, thinking “What’s wrong with a car?”
May 4, 2016Renu Zaretsky
: TaxVox
The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed . The Joint Committee on Taxation estimates that 5,400 estates will face the
April 16, 2015Renu Zaretsky
Individual Taxes: TaxVox
Since Tax Day is tomorrow, it seems like a good time to bust a few myths about taxes. Here are five of the biggest misperceptions about the federal revenue code. Most of the info comes from two sources: the Tax Policy Center’s Tax Topics (a trove of great information about who pays what) and the
April 14, 2015Howard Gleckman
: TaxVox
Paul Ryan and Orrin Hatch want businesses to share ideas on tax treatment of “pass-throughs.” As owners of pass-through businesses such as partnerships and sole proprietorships, millions of business owners pay their firms’ income taxes through the individual code. Both the GOP and the White House
April 14, 2015Renu Zaretsky
: TaxVox
The “doc fix” passes the House. The House overwhelmingly approved the Medicare “ doc fix ” to replace automatic payment cuts (that Congress has delayed every year since 2003) with a temporary 0.5 percent annual hike in physician reimbursements. But the bipartisan deal, which CBO figures would add $
March 27, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
DOA budgets are hardly new. But House tax writers seem to be ignoring their own party’s fiscal plan. The House Budget Committee’s fiscal framework would not change expected revenues over the next 10 years. While it recommends enormous (though unspecified) spending cuts in an attempt to eliminate
March 19, 2015Howard Gleckman
: TaxVox
The Senate GOP budget is out. It would cut spending by $5.1 trillion and reach balance in 10 years , according to its dynamic score. Like the House budget released Tuesday, it would repeal the Affordable Care Act, but unlike the House plan, it includes reconciliation instructions that could give
March 19, 2015Renu Zaretsky