Tax Policy Center

Harry Reid

: TaxVox
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
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
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 order, here is where reform stands as Congress leaves town for its extended summer vacation: Big rates cuts are very expensive. The
August 6, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
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 Office released its estimates of the cost of the entire mini-stimulus, including the so-called “doc fix” and changes in unemployment
February 21, 2012Howard Gleckman
Individual Taxes: TaxVox
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 the road to tax reform—and perhaps even to big Social Security changes as well. Why? Because without fundamental reform, it will be devilishly hard for Congress to ever
December 8, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
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 by last summer's debt limit deal. But the panel was doomed from the start. Here are five reasons why: The parties could not bridge their theological
November 21, 2011Howard Gleckman