The presidential election is nearly a year away, but many candidates have already rolled out detailed tax reform plans. On the GOP side, we’ve seen proposals from Jeb Bush (the subject of a rigorous Tax Policy Center analysis ), Marco Rubio, Ted Cruz, and Donald Trump, among others. Among Democrats
I like the Earned Income Tax Credit (EITC). It encourages work and allows millions of low-wage workers and their kids to escape a life of poverty . Democrats support it as a critical part of the safety net. Republicans back it because it rewards work and family. Just last week, House Budget
Changing the way government adjusts spending and taxes for inflation is one of those issues that continues to hang around the edges of the budget debate. Republicans and many economists argue for shifting to a more accurate inflation measure, called the chained Consumer Price Index (CPI). President
If only Mitt Romney had paid attention to Ronald Reagan. There are so many things the former Massachusetts governor could learn from the former California governor’s presidential campaigns. But I have in mind only one lesson not learned—how Reagan ran on tax reform in 1984. Reagan only cautiously
Make no mistake, any attempt at tax reform will be a heavy lift. But an interesting behind-the-scenes debate is brewing among reformers over just how high to aim. And some Republicans insist that big, broad-based reform would be easier to accomplish than a more modest rewrite of the Revenue Code.
October 22 is the 25 th anniversary of the landmark Tax Reform Act of 1986. For those of us who still remember that remarkable event, it is a time to reminisce. But with tax reform back on the policy agenda, it may also be useful to consider some important lessons of TRA 86 . Here are five: