Tax Policy Center

tax extenders

: TaxVox
The House may vote this week on a one-year retroactive tax break extension. Maybe you’ve heard this song before, but Bloomberg reports the GOP figures the bipartisan tax extender package proposed last week is in fact dead. As many as one in six taxpayers could be affected without an extension of
December 2, 2014Renu Zaretsky
Individual Taxes: TaxVox
‘Tis the season for bad tax policy… In what has become an annual ritual, Congress is struggling with what to do with the 70 or so “temporary” tax provisions that expired in 2013 or will expire in 2014. For a brief moment last week, there was word of a deal to make permanent the biggest of the “
December 1, 2014Leonard E. Burman
Individual Taxes: TaxVox
And now, for a lighter look at tax extenders, here’s a song that borrows the tune of The Sound of Music’s “My Favorite Things.” If you’re looking for something more serious, check out Len Burman’s TaxVox thoughts on the issue . My Favorite (Expired) Tax Breaks Special deductions of teachers’
December 1, 2014Roberton C. Williams
Individual Taxes: TaxVox
Dave Camp on tax reform: “It can be done.” Retiring House Ways & Means Chair Dave Camp remains optimistic . The Hill reports that a deal to extend expiring tax breaks could give Camp’s successor, Paul Ryan, a chance to secure broad GOP support for a tax reform plan. About that tax extender deal
December 1, 2014Renu Zaretsky
: Daily Deduction
On the Hill this week: House Republicans will choose either Paul Ryan or Kevin Brady to be the next Ways & Means Committee chair. But Ryan would have to give up the gavel if he chooses to run for president, according to a new party rule approved last week. Meanwhile, senior tax writing
November 17, 2014Renu Zaretsky
: TaxVox
Together again: The US Supreme Court, the IRS, and the Affordable Care Act. Two years ago, the Court ruled that the ACA health care mandate is a constitutional tax. Now, it has decided to consider whether the IRS has overstepped its authority by providing premium tax credits to enrollees in
November 10, 2014Renu Zaretsky
: TaxVox
Congress returns next week. We’ll resume our regular schedule on Wednesday, November 5, after tomorrow's elections. State ballot initiatives offer clues on how much voters are willing to pay for government services. There are 16 tax-related initiatives on state ballots tomorrow. TPC’s Kim Rueben
November 3, 2014Renu Zaretsky
: TaxVox
Jack Lew on corporate inversions: “Action is going to be taken.” Treasury Secretary Jack Lew says that ”any company considering an inversion is now on notice that there is action that is going to be taken.” Administrative curbs would limit the economic benefits of inversions but only congressional
September 19, 2014Renu Zaretsky
: TaxVox
Income inequality may shrink state tax revenues. A new report from Standard & Poor’s tells the tale. Incomes have grown rapidly among the wealthy, but have barely kept pace with inflation for many others. But high income earners both shelter their income from taxes and save more, reducing state
September 16, 2014Renu Zaretsky
: Daily Deduction
Shutting down talk of a shutdown… The House is expected to vote on a continuing resolution to fund the government—including the IRS—through December 11. The resolution would include an extension of the Internet Tax Freedom Act, which bars states from taxing Internet access. Unless Congress acts,
September 15, 2014Renu Zaretsky