Tax Policy Center

Federal Highway Trust Fund

: Daily Deduction
Corporate rate cuts: Maybe not this year, after all. Bloomberg reports that House Republicans have greater interest in reanimating expired tax breaks and changing the international tax system. What about cutting the corporate tax rate and the possible effect on small businesses? House Ways &
June 17, 2015Renu Zaretsky
: TaxVox
A short road too often traveled. Federal highway funding is due to expire in about two weeks, and Transportation Secretary Anthony Foxx says a temporary extension—the 33rd in six years—would “prolong a dangerous status quo of funding infrastructure at a level that has left our transportation system
May 13, 2015Renu Zaretsky
Individual Taxes: TaxVox
In principle, the Highway Trust Fund (HTF) is simple. Drivers pay a federal gas tax when they purchase fuel, the revenue goes to the HTF, and the federal government sends the dollars to states and local governments for highway and transit programs. But in practice the system is a mess and a new
March 16, 2015Richard C. Auxier
: TaxVox
Up next week: The President’s Budget. President Obama will release his budget for fiscal year 2016 on Monday. The plan would increase spending above the sequester limits of the Budget Control Act of 2011. Steep cuts were triggered in 2013 when Congress failed to reach a budget deal, but were then
January 30, 2015Renu Zaretsky
: TaxVox
Deja vu all over again, and then some. IRS Commissioner John Koskinen , who began his tenure at IRS in December, testified last night before the House Oversight and Government Reform Committee for about four hours on the loss of former Treasury official Lois Lerner’s emails and the crash of her
June 24, 2014Renu Zaretsky