Tax Policy Center

VAT

Federal Budget and Economy: TaxVox
Maybe it’s just because Congress is on spring break and tax wonks don’t have much to talk about, but suddenly the idea of a consumption tax is getting a new look. The tax plan proposed earlier this month by senators Mike Lee (R-UT) and Marco Rubio (R-FL) is one form of the levy. And tax journalists
March 31, 2015Howard Gleckman
: TaxVox
Some House GOPers want to help millionaires save for college. Yesterday the House Ways and Means Committee approved a bill to expand the Sec. 529 college savings plan and rejected a Democratic amendment to limit the plans for people earning more than $3 million a year. Bloomberg reports that the
February 13, 2015Renu Zaretsky
: TaxVox
What’s a nation to do with as-yet-untaxed US multinational corporate income? The Center on Budget and Policy Priorities analyzes what a repatriation tax holiday might mean for the US economy. In short: it wouldn’t help. The Business Roundtable , a group of corporate chief executives, doesn’t want
June 20, 2014Renu Zaretsky
: TaxVox
Appreciation for depreciation is really, really expensive. Perhaps unsurprisingly, the House Ways and Means Committee easily approved permanent restoration of bonus depreciation for capital investment yesterday. The Committee’s party-line vote would make permanent a measure to let companies write
May 30, 2014Renu Zaretsky
Individual Taxes: TaxVox
For many years, Michael Graetz, now a law professor at Columbia University, has been promoting a national Value-Added Tax (VAT) that would become the principal...
November 26, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Can the income tax fund the government we seem to want? Probably not. Will lawmakers create a revenue system that will? Not anytime soon. That...
February 5, 2013Howard Gleckman
State and Local Issues: TaxVox
What would fundamental changes in the federal tax code mean for state and local governments? Would it limit their ability to raise or borrow money?...
February 7, 2012Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
A well-designed Value-Added Tax could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding...
January 31, 2012Howard Gleckman
Federal Budget and Economy: TaxVox
With congressional deficit reduction efforts largely collapsed, the question remains: What are we going to do about the nation’s long-term budget mess? Since any realistic...
December 5, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Of all the curious rhetoric floating around both Washington and the campaign trail, the strangest may be the demand of many Republicans that Congress raise...
August 25, 2011Howard Gleckman