Tax Policy Center

rate cuts

Individual Taxes: TaxVox
Just about every tax reform plan calls for cutting individual tax rates. But it turns out that a one percentage point across-the-board rate cut would benefit only about six out of 10 households. The biggest beneficiaries: those with the highest incomes. According to a new Tax Policy Center analysis
July 2, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
The breathlessly-hyped debate between President Obama and Governor Romney left me with an empty feeling. There were many words--oh, there were words-- but even the most casual observer of the campaign has heard most of them before. Yet when it comes to economic policy, I learned almost nothing new
October 4, 2012Howard Gleckman
Individual Taxes: TaxVox
In the strange alchemy of Washington, Congress can magically turn a tax increase into a tax cut. And to make it happen, all it has to do is…nothing. Yesterday, Senator Patty Murray (D-WA) told an audience at the Brookings Institution that she would prefer to let the government tumble over the
July 17, 2012Howard Gleckman
Individual Taxes: TaxVox
It won’t be impossible for pay for substantial individual tax rate reductions by cutting tax expenditures. But it will be very, very hard. The challenges are political, administrative, economic, and, in a key way, mathematical. While “broadening the base and lowering the rates” is a goal often
July 10, 2012Howard Gleckman