An ambitious tax reform plan proposed by Sen. Mike Lee (R-UT) would provide generous new tax credits for families with children and repeal the Alternative...
Sales taxes: Maybe there’s a better way? The House Judiciary Committee will explore alternatives to solve the internet sales tax issue this morning. Whether Chairman...
House Ways and Means Chairman Dave Camp has offered a detailed and thoughtful set of proposals on international tax reform, as did former Senate Finance...
You never know until you ask. Testifying before the House Budget Committee on Friday, OMB Director Sylvia Burwell said she’s willing to talk about further...
The federal government channels much of its support for asset building through the tax code. Asset-building tax subsidies, primarily for homeownership and retirement saving, totaled $384 billion in 2013. This report reviews federal tax expenditures for housing, retirement, savings, business
Over the past few years, the long-term fiscal situation has improved. With the passage of the American Taxpayer Relief Act of 2012 (in early January,...
The deadline is looming: If you don’t have approved insurance coverage by March 31 (and are not exempt from the requirement), the Affordable Care Act...
The revenue side of the President’s 2015 Budget: Treasury Secretary Jack Lew continues his 2015 budget tour with testimony before the House Ways & Means...
Over the past few years, the U.S. long-term fiscal situation has improved somewhat and short-term deficits have come down. Perhaps as a result, policy makers have largely turned their attention away from dealing with fiscal issues. The fiscal problem may well be forgotten, but its not gone. Current
Need some light reading? The President’s Budget for Fiscal Year 2015 came out yesterday. Obama’s $3.9 trillion fiscal blueprint includes about $1 trillion in new...
When House Ways & Means Chairman Dave Camp rolled out his tax reform last week, the Joint Committee on Taxation evaluated its macroeconomic impacts. Using...
By proposing a far-reaching and detailed rewrite of the Revenue Code, House Ways and Means Committee Chair Dave Camp (R-MI) did something very few elected...
Over the past week, three senior Washington lawmakers released foundational documents that describe both their agendas and their perspectives on government. On one level, they...
Obama’s budget due out today will include a number of modest proposals but no major reforms. The president’s fiscal plan will again call for corporate...
Senator Mike Lee's Family Fairness and Opportunity Tax Reform Act (S.1616) would significantly expand tax benefits for children, repeal the alternative minimum tax, and repeal the Affordable Care Act surtaxes on earnings and net investment income. To partially offset the cost of these provisions,
The comprehensive tax reform plan recently released by House Ways & Means Committee Chair Dave Camp (R-MI) contains a noteworthy proposal to reform tax benefits...
Distribution of federal tax change from Sen. Mike Lee (R-UT)'s tax reform plan, The Family Fairness and Opportunity Tax Reform Act, by expanded cash income level, 2015.
Distribution of federal tax change from Sen. Mike Lee (R-UT)'s tax reform plan, The Family Fairness and Opportunity Tax Reform Act, by expanded cash income percentile, 2015.
Distribution of federal tax change from a modified version of Mike Lee (R-UT)'s tax reform plan, The Family Fairness and Opportunity Tax Reform Act, with a lower threshold for the 35 percent rate bracket, by expanded cash income level, 2015.
Distribution of federal tax change from a modified version of Mike Lee (R-UT)'s tax reform plan, The Family Fairness and Opportunity Tax Reform Act, with a lower threshold for the 35 percent rate bracket, by expanded cash income percentile, 2015.
