Daily Deduction

Market Woes and the Price of Breaks

January 21, 2016 –
Would a financial transactions tax heal the market’s ills? Probably not. TPC has a new paper that considers the question. Its conclusion: At the...

The Deficit Jumps, and a Candidate Hikes…

January 20, 2016 –
The federal budget deficit will rise in 2016, for the first time in six years. The Congressional Budget Office’s summary of its annual report shares...

Winners, Losers, and Movers

January 15, 2016 –
About last night’s debate… Marco Rubio and Ted Cruz got into it over whether Cruz's tax plan is a Value Added Tax. Rubio says it is. Cruz says it isn...

Tax plans, from sea to shining sea…

January 14, 2016 –
There’s a GOP presidential debate tonight. Catch up on Republican candidates’ tax plan highlights with the TPC scorecard and find additional analysis...

Tax Hikes, Relief, Dedication, and Resurrection

January 13, 2016 –
Obama plugs the EITC for childless adults in his State of the Union. In a speech characterized by broad themes and relatively few specific proposals...

New Taxes, Excess Profits, and a Windfall

January 12, 2016 –
Hillary Clinton has a plan to tax the rich. The Democratic presidential front runner has rolled out one element of her plan to raise taxes on high-...

Looking ahead to 2016 and beyond? It’s blurry.

January 11, 2016 –
On the Hill: An Address and a Retreat. The President will deliver his final State of the Union Address tomorrow evening, with a look a back on...

Expansions, Approvals, Errors, and Settlements

January 4, 2016 –
Congress is in recess. The Daily Deduction publishes on Mondays until Congress returns. Happy New Year. In Maine, the state’s sales tax expands. As...

Bans, Subsidies, Searches, and Bubbles

December 28, 2015 –
Congress is in recess. The Daily Deduction will be back next Monday and return to its regular schedule when Congress returns. Happy New Year! An EITC...

Promises, Hopes, and Complaints

December 21, 2015 –
Congress is in recess. The Daily Deduction will post on Mondays until Congress returns. Enjoy a peaceful, joyful holiday. Hillary Clinton promises...