Tax Policy Center

House GOP

Campaigns, Proposals, and Reforms: TaxVox
Sadly, the House Ways & Means Committee has turned on its head a proposal by its chairman, Dave Camp (R-MI) to repeal bonus depreciation for business capital investment. Instead of scrapping the measure, which Congress originally passed in 2008 as a temporary anti-recession tonic, the panel has
May 29, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
House Republicans reportedly are considering several ways to add a framework for tax reform to legislation needed to increase the federal government’s borrowing authority. Could such a rider increase the chances of reform happening in the near future? Sadly, no. Indeed, it is likely to bury a tax
September 26, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
President Obama’s 2014 budget arrived two months late and was declared DOA by the House GOP leadership days before they even saw it. Yet, it is full of items of interest, including a new millionaire tax and a renewed proposal to limit the value of tax preferences for high income households. But
April 10, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
There is an obvious solution to Washington’s perpetual budget crisis. But it is unlikely to happen because all the incentives—both political and economic—are completely wrong. First, the solution: The core of a deal was framed last December, when President Obama and House Speaker John Boehner were
January 15, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
No surprise here, but the tax cuts in Paul Ryan’s 2013 budget plan would result in huge benefits for high-income people and very modest—or no— benefits for low income working households, according to a new analysis by the Tax Policy Center. TPC looked only at the tax reductions in Ryan's plan,
March 23, 2012Howard Gleckman
Federal Budget and Economy: TaxVox
It looks like Congress is about to assume its default position: In the face of an intractable partisan dispute over how to pay for a government initiative, don’t. If Democrats won’t cut spending, and Republicans refuse to raise anybody’s taxes, there is always the solution they both can agree upon—
February 15, 2012Howard Gleckman
Federal Budget and Economy: TaxVox
The other day, I spent a few hours with some of Washington’s most experienced budget experts. The session was off-the-record, so I can’t tell you who they were but I can tell you what they said. In short, don’t count on much real deficit reduction any time soon, despite this summer’s debt limit
August 30, 2011Howard Gleckman
Individual Taxes: TaxVox
The Senate’s bipartisan on again/off again Gang of Six has proposed an ambitious tax and spending package that closely follows the plan offered six months ago by the chairs of President Obama’s fiscal commission, Erskine Bowles and Alan Simpson. Their plan is not so much a budget as a framework. In
July 20, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Apparently nostalgic for recession, more than 100 House Republicans have proposed to cut federal spending by $550 billion in 2012. The Republican Study Committee (RSC) doesn't ever quite say this is their plan, but it is. One hardly knows where to begin. This is an amazing number. It implies a 15
June 7, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Will Donald Trump bring Barack Obama’s birth certificate to the Royal wedding? I have no idea, but now that I’ve made our Web optimization folks happy, here is another question: What’s the deal with the People’s Budget , the fiscal plan released this week by 80 congressional progressives? The
April 28, 2011Howard Gleckman