Tax Policy Center


: TaxVox
The CBO, the ACA, and the economy: Precision doesn’t mean accuracy. Last Friday, the Congressional Budget Office projected that repeal of the Affordable Care Act would add $137 billion to the national debt over 10 years but boost the economy. But the estimates came with a big warning: “[R]epealing
June 24, 2015Renu Zaretsky
: TaxVox
WWND: Louisiana lawmakers ask Grover Norquist to weigh in on Governor Bobby Jindal’s tax plan. Eleven members of the state’s House sent a letter to the head of Americans for Tax Reform. They call the SAVE tax credit —Jindal’s proposed tax credit for a non-existent student fee—a precedent that would
June 9, 2015Renu Zaretsky
: Daily Deduction
The neutrality of the net: Set. Tax effects? Unclear. That’s the conclusion of Politifact after the Federal Communications Commission approved controversial regulations that will treat the Internet like a public utility. The fact checkers examined the question after GOP Senator Mike Lee claimed
February 27, 2015Renu Zaretsky
: TaxVox
Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23. Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven't done it in 2015, which is
February 16, 2015Renu Zaretsky
: TaxVox
Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it
January 27, 2015Renu Zaretsky
: TaxVox
Congress is in recess until Monday, September 8. The Daily Deduction will resume its regular schedule when Congress returns. “ There will be credits .” Alaskans like the way oil industry profits are taxed --barely. The state grants a corporate income tax credit for qualified oil and gas service-
September 2, 2014Renu Zaretsky
: TaxVox
Looks like there’ll be tax cuts in Ohio. The state’s legislature has produced a compromise bill that heads to Republican Governor John Kasich’s desk this week. Ohio had passed a 10-percent across-the-board income tax cut last year that was to be phased in by 2015. The compromise bill will make the
June 4, 2014Renu Zaretsky
Federal Budget and Economy: TaxVox
Last week, I blogged about a plan to use tax-exempt bonds to finance the demolition of vacant homes in distressed Midwestern neighborhoods. Rolf Pendall, director of the Urban Institute’s Metropolitan Housing and Communities Policy Center, has a different perspective: I agree entirely that a
April 10, 2012Howard Gleckman