Tax Policy Center

Tax Policy Center

Federal Budget and Economy: TaxVox
In his new book, Dead Men Ruling , my Tax Policy Center colleague Gene Steuerle delivers a powerful indictment of the current epidemic of irresponsible fiscal policy. But Gene isn’t writing about deficits and today's economy. His focus is on the long-term political, social, and economic
May 13, 2014Howard Gleckman
Individual Taxes: TaxVox
The tax subsidy for employer-sponsored health insurance is huge. Not only are the premiums exempt from income tax, they are also immune from Social Security payroll tax. The two subsidies combined will add more than $1.6 trillion to the deficit over the next five years alone. But because that
May 8, 2014Howard Gleckman
Individual Taxes: TaxVox
This morning, the White House released a massive report on the effects of climate change . In sum: The problem is already bad, it is going to get worse, and we need to address it quickly. The science of greenhouse gas emissions and climate change may be clear (though, of course, always evolving).
May 6, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
House Ways and Means Committee Chair Dave Camp deserves credit for proposing a tax reform that takes on many special interests, something too few other elected officials are willing to do. But one provision mistakenly threatens the survival of most community foundations without improving the tax
April 24, 2014C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox
Buried deep in House Ways & Means Committee Chair Dave Camp’s tax reform plan is a proposal to require donor-advised funds to distribute contributions within five years. The proposal would be a major change for these charitable vehicles, where funds currently can sit indefinitely. Donor-advised
April 22, 2014Howard Gleckman
Individual Taxes: TaxVox
Egged on by business lobbyists, congressional tax writers seem increasingly interested in allowing firms to rapidly write off the cost of their capital investments. Especially in the House, lawmakers would allow small businesses to expense the full cost of their investments in the year they are
April 17, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
One of the biggest selling points for tax reform is the claim that a new and improved revenue code would be easier for taxpayers to manage. Along with economic growth and fairness, simplicity has been a watchword for reform for decades. But a striking new survey by the Associated Press-GfK has me
April 10, 2014Howard Gleckman
Individual Taxes: TaxVox
In an important new paper , Eric Toder of the Tax Policy Center and Alan Viard of the American Enterprise Institute say that corporate tax reforms now being debated in Congress fall far short of solving the widespread problems with the levy. Rather than merely lowering rates and tinkering with tax
April 4, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
House Ways & Means Committee Chair Dave Camp (R-MI), who said yesterday that he’ll retire from Congress at the end of the year, will leave behind an enormously important achievement. At a time when too many of his fellow lawmakers substitute easy partisan rhetoric for hard work, Camp wrote a
April 1, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Maybe the best way for tax reformers to get political traction is to focus on values, not economics. That, at least, was one take-away from three political scientists who spoke at a Tax Policy Center panel today. Until now, backers of reform have focused primarily on economic arguments: A reformed
March 31, 2014Howard Gleckman