Tax Policy Center

estate tax

: 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
: TaxVox
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
: TaxVox
No more tax havens abroad? The Organization for Economic Cooperation and Development released its plan to limit corporate tax avoidance . All 34 OECD members plus 10 other countries including China and Russia have approved the proposals, though each nation must still implement them. The
September 17, 2014Renu Zaretsky
: TaxVox
The Senate won’t “Bring Home Jobs…” at least not through the bill that would have denied tax deductions for costs of moving corporations out of the country. The Bring Home Jobs Act needed 60 votes to pass but received only 54. The House GOP may vote to put the estate tax to death. They’ve been
July 31, 2014Renu Zaretsky
Individual Taxes: TaxVox
A fascinating story in last Friday’s Wall Street Journal reports what I suppose was an inevitable trend: With the estate tax exemption now up to...
September 10, 2013Howard Gleckman
Individual Taxes: TaxVox
Same-sex couples are cheering the Supreme Court’s striking down the Defense of Marriage Act (DOMA), but the tax consequences are more of a mixed bag...
June 26, 2013Roberton C. Williams
Individual Taxes: TaxVox
The 1996 Defense of Marriage Act (DOMA) was not primarily a tax law but it certainly affects the federal taxes that same-sex couples pay. In...
March 25, 2013Roberton C. Williams
Individual Taxes: TaxVox
For over a decade, the federal estate and gift tax has been in constant flux with its exemption rising, its rates falling, and its near-death...
December 13, 2012Roberton C. Williams