Tax Policy Center

Obama

Federal Budget and Economy: TaxVox
In the budget he plans to release tomorrow, President Obama will propose some modest changes to the Affordable Care Act’s much-reviled Cadillac Tax on high-cost employer sponsored health plans. In advance of the proposal, Jason Furman, Chair of the president’s Council of Economic Advisers,
February 7, 2016Leonard E. Burman
: TaxVox
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the biggest loophole in the tax code for high-wealth households,” says TPC’s Len Burman. Len explains
January 20, 2015Renu Zaretsky
Individual Taxes: TaxVox
Politicians can debate whether corporate tax inversions are “unpatriotic” or simply a legitimate technique to reduce taxes--and commentators can argue over whether anything should be done to stop them. Experts also disagree about whether President Obama and his Treasury Secretary have the legal
August 15, 2014Steven M. Rosenthal
Campaigns, Proposals, and Reforms: TaxVox
Has President Obama’s tax policy reduced income inequality? It depends on what you are comparing it to. White House Council of Economic Advisors chief Jason Furman claims that President Obama’s tax policies have sharply reduced inequality. Today’s Washington Post Wonkblog featured some new tables
July 23, 2014Leonard E. Burman
Individual Taxes: TaxVox
In this year’s State of the Union Address, President Obama announced a new retirement savings account for workers whose employers do not offer any form of pension or savings plan. He also promoted the Automatic IRA , a retirement savings plan that originated at the Retirement Security Project and
January 29, 2014William G. GaleBenjamin H. HarrisDavid C. John
Individual Taxes: TaxVox
Just as President Obama was decrying our nation’s rising income inequality , the Congressional Budget Office provided him with some new ammunition. CBO’s latest report on household income and taxes—which goes only through 2010—shows that the rich have indeed gotten richer. (Full disclosure: In my
December 9, 2013Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox
Tax preferences for housing are under fire, with mounting evidence that these preferences are inefficient , unequal , and too expensive to warrant a place in the tax code. Critics of proposed changes in the tax treatment of home ownership argue that these reforms would slash home prices at the very
June 5, 2013Benjamin H. Harris
Federal Budget and Economy: TaxVox
President Obama’s budget identifies a group of policies as a $1.8 trillion deficit reduction proposal. I found the budget presentation of this proposal somewhat confusing; in particular, it is difficult to see how much deficit reduction the president wants to do through spending cuts versus revenue
April 12, 2013Donald Marron
Individual Taxes: TaxVox
From the start of his 2008 campaign, President Obama has called for raising taxes on the rich. He got much but not all that he wanted in the American Taxpayer Relief Act (ATRA ) earlier this year. Now his FY2014 budget takes another couple of bites at that apple. The first repeats his proposal to
April 11, 2013Roberton C. Williams
Individual Taxes: TaxVox
Following Congress’s last minute passage of legislation averting a plunge off the fiscal cliff, TPC has released a new Tax Calculator that lets users examine the effects of the American Taxpayer Relief Act of 2012 (ATRA). As with earlier versions, the new calculator compares income and payroll tax
January 3, 2013Roberton C. Williams