Tax Policy Center

Max Baucus

Individual Taxes: TaxVox
Senator Ron Wyden (D-OR), about to become the new chairman of the Senate Finance Committee, said Friday that he aims to eventually rewrite what he described as a “dysfunctional, rotting mess of a carcass that we call the tax code.” But in an acknowledgement of the challenges of tax reform, Wyden
February 10, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Senator Ron Wyden (D-OR), who is poised to become the new chair of the Senate Finance Committee, is the sponsor of a major tax reform plan that would reduce both individual and corporate tax rates without adding to the deficit or changing the current distribution of taxes among income groups very
December 26, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Tax Vox proudly announces its seventh annual Lump of Coal Award for the worst tax and fiscal policies of 2013. The year was a curious mix of really bad ideas and dithering. After all, Congress's finest moment may have been its December budget mini-deal—a decision that effectively ignored every one
December 23, 2013Howard Gleckman
Individual Taxes: TaxVox
The year in taxes started with the nation toppling, briefly, over the fiscal cliff. And it ended with some interesting policy proposals on tax reform though little political progress. Remember the fiscal cliff? While that crisis was resolved on New Year’s Day, it really began in 2001, when
December 12, 2013William G. Gale
Individual Taxes: TaxVox
In an effort to jumpstart moribund tax reform efforts, Senate Finance Committee Chairman Max Baucus (D-MT) is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. The plan is quite specific (even including legislative language and a 90-page
November 19, 2013Howard 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
Individual Taxes: TaxVox
In a speech today in Chattanooga TN, President Obama made congressional Republicans an offer they could refuse. And they did . By doing so, Obama may have quashed the last shred of hope that tax reform can happen before the 2014 congressional elections. In what the White House pitched as a new idea
July 30, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Max Baucus and Dave Camp, leaders of the Senate and House tax-writing committees, are on the road promoting tax simplification. One goal: cleaning out the mess of deductions, exclusions, credits, and other tax breaks that complicate the code. Done well, such house cleaning could make for a simpler
July 8, 2013Donald Marron
Federal Budget and Economy: TaxVox
No one quite knows what exactly Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) mean when they say they will rely upon a “blank slate” as the starting point for tax reform discussions. But done carefully and with political artistry, taking advantage of
July 3, 2013C. Eugene Steuerle
Individual Taxes: TaxVox
Senators Max Baucus (D-MT) and Orrin Hatch (R-UT), the chairman and senior Republican on the Senate Finance Committee, tried to jump-start the drive towards tax reform today with what they call a blank slate rewrite plan. Trouble is, it is not exactly a plan. And it isn’t quite a blank slate. Their
June 27, 2013Howard Gleckman