Tax Policy Center

Michael Graetz

Campaigns, Proposals, and Reforms: TaxVox
The other day, a Daily Deduction reader asked why I used the phrase “tax relief” as a synonym for “tax cuts.” He suggested that “relief” is a loaded term that implies taxes are too high and therefore bad, and that tax cuts, in turn, are good. That hadn’t occurred to me.
August 3, 2016Renu Zaretsky
Business Taxes: TaxVox
It is so easy to get lost in the weeds of tax policy. Nowhere is that more true than in the hyper-technical world of international...
July 21, 2016Howard Gleckman
Individual Taxes: TaxVox
I was 12 when I first heard “Little Red Corvette,” a profoundly racy song by the late musician Prince. I didn’t really understand the lyrics but remember shouting, “I love this song!” Even though English was their second language, my parents caught its meaning and were not fans. I just rolled my eyes, thinking “What’s wrong with a car?”
May 4, 2016Renu Zaretsky
Federal Budget and Economy: TaxVox
Maybe it’s just because Congress is on spring break and tax wonks don’t have much to talk about, but suddenly the idea of a consumption tax is getting a new look. The tax plan proposed earlier this month by senators Mike Lee (R-UT) and Marco Rubio (R-FL) is one form of the levy. And tax journalists
March 31, 2015Howard Gleckman
Individual Taxes: TaxVox
For many years, Michael Graetz, now a law professor at Columbia University, has been promoting a national Value-Added Tax (VAT) that would become the principal levy paid by most Americans. VATs--and similar broad-based consumption taxes--are enormously controversial in the U.S. even though they are
November 26, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
A well-designed Value-Added Tax could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit. And it could be a key piece of a revenue system that is both progressive and less intrusive in
January 31, 2012Howard Gleckman