Tax Policy Center

spending

State and Local Issues: TaxVox

Five Reasons Why States Should Proceed with Caution Despite Soaring Revenues

Two years into the pandemic, states are flush with cash, a vastly different picture than the 20 percent revenue decline suffered by states in the...
February 8, 2022Lucy Dadayan
Campaigns, Proposals, and Reforms: TaxVox

How would candidates’ spending plans affect our GDP projections?

The Tax Policy Center, with the help of the Penn-Wharton Budget Model (PWBM), found that in the short-run Hillary Clinton’s tax increases would slow the...
October 21, 2016Leonard E. Burman
Federal Budget and Economy: TaxVox

Dynamic Scoring Forum: Three Things You Should Know About Dynamic Scoring

This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major
February 27, 2015Donald Marron
: TaxVox

On Residence, Retirement, and Economic Records

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. What’s a multinational to do? Where is it to go? Senator Dick Durbin and Senate Finance Committee Chair Ron Wyden seem pleased that Chicago-based AbbVie’s decided to drop its deal with Dublin
October 20, 2014Renu Zaretsky
Federal Budget and Economy: TaxVox

Taxes and Spending Return To “Normal”-- But Not For Long

Yesterday, the Treasury Department reported that the deficit for Fiscal Year 2014, which ended on Sept. 30, fell to $483 billion, or about 2.8 percent of Gross Domestic Product. This being Washington, the report was hailed as either an enormous success or dismissed as meaningless. Who is right? Is
October 16, 2014Howard Gleckman
Federal Budget and Economy: TaxVox

A Tale of Three Agendas: Obama, Camp, and Ryan

Over the past week, three senior Washington lawmakers released foundational documents that describe both their agendas and their perspectives on government. On one level, they...
March 4, 2014Howard Gleckman
Federal Budget and Economy: TaxVox

The Illogic of the McConnell Debt Limit Rule

In the aftermath of the recent government shutdown and the painful negotiations that brought the country perilously close to defaulting on government debt, policy experts...
October 23, 2013William G. Gale
Federal Budget and Economy: TaxVox

It's Groundhog Day Over the Debt Ceiling

If you recently heard the news that Congress is debating the merits of raising the debt ceiling, don't think you have time-traveled back to 2011...
October 2, 2013William G. Gale
Federal Budget and Economy: TaxVox

What’s the Mix of Spending and Revenue in the President’s Deficit Reduction Proposal?

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;...
April 12, 2013Donald Marron
Campaigns, Proposals, and Reforms: TaxVox

The Real 2014 Budget Battle May Be Over Spending, Not Taxes

President Obama’s 2014 budget arrived two months late and was declared DOA by the House GOP leadership days before they even saw it. Yet, it...
April 10, 2013Howard Gleckman