Yesterday was a rough day for those few hearty souls who think Washington is going to do much about fixing our health care system any time soon. Congress failed to override President Bush’s veto of legislation to expand the State Children’s Health Insurance Program (SCHIP). At almost the same time, the House Budget Committee held a hearing on whether tax incentives are the best tool to increase private insurance coverage.

Welcome to TaxVox, the Tax Policy Center’s new tax and budget policy blog. We started TaxVox to communicate directly and quickly with an online community interested in fiscal policy issues. We’ll be commenting on federal, state, and local legislation; tax administration; and new research on individual and business taxation. We’ll also have lots to say about the Presidential candidates’ tax agendas.

There has been talk in recent days that the congressional effort to raise taxes on the earnings of private equity managers has been killed. Don’t believe it.

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