[National Public Radio (NPR)]Urban Institute Senior Fellow and former Treasury Deputy Assistant Secretary for Tax Analysis, Len Burman, expounds upon the earned income tax credit (EITC) as he recounts his experiences with the confusing EITC while helping a single mother with her taxes....
Senior Fellow Eugene Steuerle mentions two items that seem to be just below the radar screen of most of those following the tax cut debate: the adjustment of taxation of social security benefits and increases in child credits.
The Department of the Treasury recently released a distribution table, which shows how income tax liabilities would change under President Bush's tax plan. This release, a positive step, represents the Administration's acknowledgment that the distribution of tax burdens is important in assessing...
Senior Fellow Eugene Steuerle explains why it makes sense to extend the charitable deduction to the time of filing a tax return, in much the same way as applies to deposits to individual retirement accounts (IRAs) and to certain pensions of self-employed persons (Keogh plans).
Recent large federal budget surpluses have spurred debate on how best to use the money. Some see surpluses as an opportunity to pay down the federal debt, to expand programs to meet such social needs as health care and education, or to secure the future of Social Security. Others propose...
The Earned Income Tax Credit (EITC) is the largest cash transfer program for low-income parents in the United States. The refundable tax credit supplements wages and offsets taxes paid by low-income workers. Research suggests that the EITC has not only been effective in moving families over the...
Senior Fellow Eugene Steuerle makes the case for addressing the retirement of the baby boomers in economic policy sooner, rather than later. Delay, he argues, reduces the chances of long-term structural reform, makes large tax increases almost unavoidable, puts the oldest and most vulnerable of...
Opportunity at Hand: Revising the Child Credit
Senior Fellow Eugene Steuerle describes how a child credit revision has a chance to achieve bipartisan support.
Tax Complexity and the Working Poor
[National Public Radio (NPR)]Urban Institute Senior Fellow and former Treasury Deputy Assistant Secretary for Tax Analysis, Len Burman, expounds upon the earned income tax credit (EITC) as he recounts his experiences with the confusing EITC while helping a single mother with her taxes....
Two Issues Not on the Current Tax Radar Screen
Senior Fellow Eugene Steuerle mentions two items that seem to be just below the radar screen of most of those following the tax cut debate: the adjustment of taxation of social security benefits and increases in child credits.
Treasury's New Distribution Presentation
The Department of the Treasury recently released a distribution table, which shows how income tax liabilities would change under President Bush's tax plan. This release, a positive step, represents the Administration's acknowledgment that the distribution of tax burdens is important in assessing...
Peggy's Rules: Peggy McConkey And the Meaning of Public Service
Senior Fellow Eugene Steuerle describes standards of public service excellence set by a Treasury employee, Peggy McConkey.
An Option to Increase Charitable Giving and Reduce Current Taxes
Senior Fellow Eugene Steuerle explains why it makes sense to extend the charitable deduction to the time of filing a tax return, in much the same way as applies to deposits to individual retirement accounts (IRAs) and to certain pensions of self-employed persons (Keogh plans).
Federal Income Tax Cuts and Low-Income Families
Recent large federal budget surpluses have spurred debate on how best to use the money. Some see surpluses as an opportunity to pay down the federal debt, to expand programs to meet such social needs as health care and education, or to secure the future of Social Security. Others propose...
Who Knows about the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) is the largest cash transfer program for low-income parents in the United States. The refundable tax credit supplements wages and offsets taxes paid by low-income workers. Research suggests that the EITC has not only been effective in moving families over the...
Social Security and the Poor
This article offers an assessment of how well Social Security takes care of the poor.
Dominant Budget Issue Facing the New President, The
Senior Fellow Eugene Steuerle makes the case for addressing the retirement of the baby boomers in economic policy sooner, rather than later. Delay, he argues, reduces the chances of long-term structural reform, makes large tax increases almost unavoidable, puts the oldest and most vulnerable of...