Tax Policy Center

Federal Reserve Board

Federal Budget and Economy: TaxVox

Paul Volcker Taught Us How Tax And Monetary Policy Can Work Together To Enhance Growth

The recent passing of former Federal Reserve Chair Paul Volcker serves as an important reminder of his critical role in ending stagflation in the late...
December 16, 2019C. Eugene Steuerle
Federal Budget and Economy: TaxVox

Thank You, Alice Rivlin

Alice Rivlin, who died yesterday at age 88, was a policy legend. She also was a kind, generous, and extraordinarily tough woman. Over more than...
May 15, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

The Highway Bill Takes Congress on a FAST Track to More Debt

Sometime within the next few days, Congress will pass, with great fanfare, what it proudly calls a $305 billion, five-year transportation bill . But while the measure will authorize much needed infrastructure spending, it won’t pay for much of it. More than one-third of the $305 billion would
December 3, 2015Howard Gleckman
Individual Taxes: TaxVox

Marco Rubio Wasn't the Only One Who Cashed Out an IRA Last Year

It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. As it happens
May 26, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Are Low Interest Rates Masking Future Deficits?

Thanks to artificially low interest rates, the United States has been able to finance deficits exceeding $1 trillion every year from 2009 through 2012 at...
July 9, 2013Rudolph G. Penner
Individual Taxes: TaxVox

Uncle Sam’s Trillion-Dollar Portfolio Partly Offsets the Public Debt

When policy folks talk about America’s federal borrowing, their go-to measures are the public debt, currently $12 trillion, and its ratio to gross domestic product,...
June 24, 2013Donald Marron
Federal Budget and Economy: TaxVox

Uncle Sam’s Growing Investment Portfolio

The federal government has been borrowing rapidly to finance recent budget deficits. But that’s not the only reason it’s gone deeper into debt. Uncle Sam...
June 17, 2013Donald Marron
Federal Budget and Economy: TaxVox

Is the Trillion-Dollar Platinum Coin Clever or Insane?

Jim Hamilton's Mock Up of a Trillion Dollar Coin Policy wonks are debating whether a trillion-dollar platinum coin would be a clever or insane way...
January 8, 2013Donald Marron
Campaigns, Proposals, and Reforms: TaxVox

Obama: ISO Economists

In 2008, Barack Obama brought an all-star squad of centrist and center-left economists to the White House. Now, as he confronts a critical turning point...
June 9, 2011Howard Gleckman