Harry Reid

: TaxVox

And the Winner Is... The GOP. Now What?

The GOP takes control of the Senate. It has secured a majority in the Senate but has far from working control in a chamber where 60 votes are needed to do almost anything. Utah’s Orrin Hatch will become the new chair of the Senate Finance Committee. Alabama’s Jeff Sessions is in line to head the

November 5, 2014Renu Zaretsky

Individual Taxes: TaxVox

Did Multinationals Use a Foreign Earnings Tax Holiday To Burnish Their Financials Rather Than Reduce Taxes?

We've known for years that the 2004 repatriation tax holiday did little to boost domestic investment or create U.S. jobs, as promised by its backers. Now we are learning that many multinational corporations were not even interested in using the temporary holiday to cut their taxes. Instead,

June 11, 2014Howard Gleckman

Individual Taxes: TaxVox

A Summer Update on Tax Reform

Over the past week, Washington has been filled with news about tax reform—some reflecting necessary but painful truths and some just bad. In no particular...

August 6, 2013Howard Gleckman

Federal Budget and Economy: TaxVox

Budget Gimmicks Are Alive and Well in the Payroll Tax Cut

The other day, I criticized the unwillingness of Congress to finance the latest extension of the payroll tax cut. Since that blog, the Congressional Budget...

February 21, 2012Howard Gleckman

Individual Taxes: TaxVox

How a Payroll Tax Cut Boosts the Chances for Tax Reform

When Congress finally extends the payroll tax cut that is due to expire in a few weeks, it may also be taking another step down...

December 8, 2011Howard Gleckman

Federal Budget and Economy: TaxVox

Five Reasons Why the Deficit Super Committee Failed

To the surprise of few , Congress’ super committee is on the brink of failure--unable to agree on $1.2 trillion in budget savings as required...

November 21, 2011Howard Gleckman