Tax Policy Center

expiring tax provisions

Business Taxes: TaxVox
The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981. The question for philosophy class (this is far beyond economics) is this: Can something that has been
May 28, 2015Howard Gleckman
Individual Taxes: TaxVox
There are two simple ways to end the tiresome seasonal drama over faux-temporary tax cuts known (with a stunning lack of accuracy) as the extenders. First, call them what they are : Expired tax breaks that have been off the books for nearly a year. Second, make Congress pay for any of the special
December 2, 2014Howard Gleckman
Individual Taxes: TaxVox
Nice piece by Tax Notes reporter Lindsey McPherson describing the recent history of the tax extenders. Four take-aways: There is always last-minute drama over bringing them back, most are repeatedly extended, they are almost never paid for, and they are frequently rolled into a bigger bill. In 2004
July 16, 2014Howard Gleckman
Individual Taxes: TaxVox
The other day, the House Ways & Means Committee voted to cut taxes for certain businesses by $310 billion. Washington, being Washington, is now in the midst of a partisan debate over whether this is in fact a tax cut or, conversely, whether failing to cut those business levies would be a tax
May 1, 2014Howard Gleckman
Individual Taxes: TaxVox
What to do about the tax extenders—or, as my colleague Donald Marron calls them, the “tax expirers” ? Restoring the current crop (most of which expired on December 31) for 10 years would add about $900 billion to the deficit. House Ways & Means Committee Chair Dave Camp (R-MI) and Senate
April 3, 2014C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox
House Ways & Means Committee Chair Dave Camp (R-MI) has a plan for what to do with scores of now-expired tax subsidies that are sitting...
March 25, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
After it returns from Spring Break next week, Congress may face two big fiscal reality checks. It will have to decide whether to temporarily extend...
March 20, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
In three weeks, more than 60 expiring tax provisions will…expire. At least for a while. It isn’t unusual for these mostly-business tax breaks to temporarily...
December 10, 2013Howard Gleckman