Bill Gale discusses the current tax reform initiatives by Congress and the Administration and outlines some issues Republicans may face when trying to pass tax legislation in this...
This paper presents estimates of the macroeconomic effects, and resulting dynamic impact on revenues, of the House GOP tax plan announced in June 2016. The estimates were produced in two ways. One set of estimates uses a combination of TPC’s Keynesian model (to project short-run effects on...
Eric Toder discusses a potential Border Adjustment Tax and Destination Based Cash Flow in this Milken Review article, originally published here on Friday, March 24, 2017.
In this testimony before the US House of Representatives Committee on the Budget, Institute fellow Rudy Penner discussed the problems that could arise from biennial budgeting, including needing to rely more heavily on forecasts which may contain errors, fewer opportunities for oversight, and...
Henry J. Aaron testifies before the House Judiciary Committee, arguing that despite the relatively high levels of current government debt and the budget challenges that the nation faces in the future, instituting a federal balanced budget amendment would negatively impact the economy and...
This report presents three tax reforms designed to promote homeownership through a channel other than the deductibility of mortgage interest. These reforms include a first-time homebuyer tax credit, a refundable tax credit for property taxes paid, and an annual flat amount tax credit for...
Steven Rosenthal's testimony before the House Subcommittee on Select Revenue Measures of the Committee on Ways and Means on the Discussion Drafts proposals to reform the tax rules for derivatives and securities investments.
Can Republicans Thread the Needle on Tax Policy?
Bill Gale discusses the current tax reform initiatives by Congress and the Administration and outlines some issues Republicans may face when trying to pass tax legislation in this...
Dynamic Analysis of the House GOP Tax Plan: An Update
This paper presents estimates of the macroeconomic effects, and resulting dynamic impact on revenues, of the House GOP tax plan announced in June 2016. The estimates were produced in two ways. One set of estimates uses a combination of TPC’s Keynesian model (to project short-run effects on...
An Analysis of the House GOP Tax Plan
This research report was originally published by the Columbia Journal of Tax Law. The publication is updated version of, "An Analysis of the...
Tax Adjustments at the Border: Perceptions and Reality
Eric Toder discusses a potential Border Adjustment Tax and Destination Based Cash Flow in this Milken Review article, originally published here on Friday, March 24, 2017.
Biennial Budgeting
In this testimony before the US House of Representatives Committee on the Budget, Institute fellow Rudy Penner discussed the problems that could arise from biennial budgeting, including needing to rely more heavily on forecasts which may contain errors, fewer opportunities for oversight, and...
Constitutional Solutions to Our Escalating National Debt: Examining Balanced Budget Amendments
Henry J. Aaron testifies before the House Judiciary Committee, arguing that despite the relatively high levels of current government debt and the budget challenges that the nation faces in the future, instituting a federal balanced budget amendment would negatively impact the economy and...
New Perspectives on Homeownership Tax Incentives
This report presents three tax reforms designed to promote homeownership through a channel other than the deductibility of mortgage interest. These reforms include a first-time homebuyer tax credit, a refundable tax credit for property taxes paid, and an annual flat amount tax credit for...
Financial Products Tax Reform Discussion Draft
Steven Rosenthal's testimony before the House Subcommittee on Select Revenue Measures of the Committee on Ways and Means on the Discussion Drafts proposals to reform the tax rules for derivatives and securities investments.