GOP candidate Jeb Bush shares many, but not all, tax plan specifics. Bush laid out a detailed plan to lower the top individual tax rate to 28 percent, cut rates on corporate income and capital gains to 20 percent, and repeal the Alternative Minimum Tax and the estate tax, and remove millions of low

At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas.

Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform : House Republicans insist they

So far, at least 22 people are running for president. Only three have released detailed tax plans, but nearly all call for more simplicity—perhaps so much that we could file our returns on a postcard. In 2012, National Taxpayer Advocate Nina Olson called for simplicity, too: “A simpler, more

In recent days, President Obama has painted the risks of climate change in apocalyptic terms. Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, "entire nations will find themselves under severe, severe problems: More drought. More floods

Congress is in recess. The Daily Deduction will publish Mondays until Congress returns in mid-September. September could be a big month for candidate tax plans. GOP contender Donald Trump plans to release his comprehensive plan in September. He vows to raise taxes on hedge fund managers but provide

Last week, the often-provocative Victor Fleischer rocked the higher education world with a New York Times op-ed that accused universities of hoarding their often-enormous endowments instead of spending the funds on student aid. Vic, a tax law professor at the University of San Diego, suggested that

Congrats to the Government Accounting Standards Board for pushing state and local governments to be more transparent about their tax subsidies. Last week, the agency approved new disclosure requirements that will require states and localities to publicly disclose how much of a given tax is being

Yesterday, Wisconsin Governor—and GOP presidential hopeful--Scott Walker committed more than $400 million in taxpayer money to help build a new basketball arena for a group of wealthy investors. Walker, like many pols before him, fell for the promise of huge economic returns from a state-of-the art