: Daily Deduction

Suggestions, an Impasse, and Some Surprising Critics

How should Congress address temporary tax provisions?
March 13, 2019
Individual Taxes: TaxVox

Is The US Ready For A Gas Tax Increase?

Is The US Ready For A Gas Tax Increase? House Democrats are talking enthusiastically about passing a big infrastructure bill by summer. President Trump keeps...
March 12, 2019Howard Gleckman
Federal Budget and Economy: Testimony

Temporary Tax Policy in the United States

On March 12, 2019, Mark Mazur testified in front of the 116th United States House of Representatives Committee on Ways and Means, Subcommittee on Select Revenue Measures for a hearing entitled, "Temporary Policy in the Internal Revenue Code."
March 12, 2019Mark J. Mazur
State and Local Issues: TaxVox

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...
March 12, 2019Lucy Dadayan
: Daily Deduction

A Big Budget Ask and State Tax Changes

The President’s Budget goes big.
March 12, 2019Renu Zaretsky
: Daily Deduction

Optimism, Caution, Reductions and Compliance

The President’s Budget comes out today.
March 11, 2019Renu Zaretsky
Family holdings of wealth and debt can vary significantly by race. The median net worth of non-Hispanic White families is 8 to 10 times greater than for both non-Hispanic Blacks or African Americans and Hispanics or Latinos.
March 11, 2019
Individual Taxes: Research report

State Tax and Economic Review, 2018 Quarter 3

State Revenues Grew in Third Quarter, but Income Taxes Face Uncertain Prospects
State government tax revenues have fluctuated wildly over the past year largely because of the Tax Cuts and Jobs Act passed in late December 2017. Overall, year-over-year growth in state tax revenues was strong in the third quarter of 2018 but weaker than the growth observed in the final quarter of
March 10, 2019Lucy Dadayan
: TaxVox

Carolyn Tavenner Has Left the Building: The IRS And Taxpayers Are Worse Off For It

A few weeks back, my colleague Renu Zaretsky wrote about the IRS’s brain drain. As many experienced employees retire or prepare to do so, the...
March 8, 2019Janet Holtzblatt
: Daily Deduction

Recommended Relief, Suggested Requests, and Hoped-for Hikes

National Taxpayer Advocate calls for penalty relief.
March 8, 2019Renu Zaretsky
: TaxVox

House Democrats May Soon Ask For Trump’s Tax Returns But What Should They Request?

House Ways & Means Committee Chair Richard Neal (D-MA) reportedly is about to make a formal request for 10 years of President Trump’s tax returns...
March 7, 2019Steven M. Rosenthal
: Daily Deduction

Another Request For Trump’s Tax Returns, And Making America Trade Again.

Grassley will request Trump’s tax returns too.
March 7, 2019
Campaigns, Proposals, and Reforms: TaxVox

"Tell me what you want, what you really, really want..."

Do parents want subsidies for child care providers? Or cash for themselves?
I asked some parents to make a choice. Their response was perhaps not what Warren hoped for, given her proposed Universal Child Care and Early Learning Act.
March 6, 2019Renu Zaretsky
: Daily Deduction

Demands, Suggestions, and Data

Senate Finance Committee Chair Chuck Grassley asks Treasury: Why didn’t you share?
March 6, 2019Renu Zaretsky
: Daily Deduction

And so it begins...

House Democrats demand documents from 80+ Trump-affiliated individuals and institutions.
March 5, 2019Renu Zaretsky
Federal Budget and Economy: TaxVox

What 2018’s Economic Data Tell Us About The TCJA

We now have a full year of data about the state of the US economy since President Trump signed the 2017 Tax Cuts and Jobs...
March 4, 2019Howard GleckmanAravind Boddupalli
: Daily Deduction

"By Any Means Necessary..."

House Democrats gear up to obtain President Trump’s tax returns.
March 4, 2019Renu Zaretsky
For the last 70 years, individual income tax revenues have averaged around 8% of GDP. In contrast, corporate income tax revenues declined from 6% of GDP in 1950s to under 2% in the 1980s through the Great Recession, and have averaged 1.4% of GDP since then.
March 4, 2019
: Daily Deduction

Tax Extenders, A Slowing Economy, And Required Reading

Restoring the extenders.
March 1, 2019Renu Zaretsky
: Daily Deduction

Cohen on Trump’s Taxes, More on the 2018 Tax Season

Why has the President been so reluctant to release his tax returns?
February 28, 2019Renu Zaretsky
: TaxVox

A Comprehensive and Accessible Analysis of Trade, Immigration, and International Taxation

In Open: The Progressive Case for Free Trade, Immigration, and Global Capital , Kimberly Clausing has written a comprehensive and accessible analysis of three of...
February 27, 2019Leonard E. Burman
: Daily Deduction

A Deadline, A Threat, and Reasonable Guidance

Debt limit drama.
February 27, 2019Renu Zaretsky
Campaigns, Proposals, and Reforms: Testimony

The 2017 Tax Law: Impact on the Budget and American Families

On February 27, 2019 William G. Gale testified in front of the 116th U.S. House of Representatives Committee on the Budget for a hearing entitled, "2017 Tax Law: Impact on the Budget and American Families."
February 27, 2019William G. Gale
Individual Taxes: TaxVox

District of Columbia Shows How to Expand the EITC For Childless Workers

Federal lawmakers ranging from Sherrod Brown to Paul Ryan have proposed expanding the earned income tax credit (EITC) for childless workers for years without enacting...
February 26, 2019Richard C. Auxier
: Daily Deduction

Emoluments, A New Fiscal Fight, And Maybe, A Mandate

The Trump Organization donates more profits to Treasury.
February 26, 2019Renu Zaretsky