: Daily Deduction

All That Glitters Is Not Gold

Warren’s Medicare for All “Employer Medicare Contribution” is a distortionary and regressive tax.
November 6, 2019Renu Zaretsky
: TaxVox

Warren’s Medicare For All “Employer Medicare Contribution” Is A Distortionary And Regressive Tax

On Friday, Elizabeth Warren released her financing plan for Medicare for All . It is predictably wonky and politically courageous—new spending is way more popular...
November 5, 2019Leonard E. Burman
Federal Budget and Economy: TaxVox

Revisions To Revenue Projections Suggest That The TCJA Cost More Than Expected

Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
November 5, 2019Benjamin R. Page
: Daily Deduction

“See you in Court. Again.”

President Trump will take his tax return fight to the Supreme Court.
November 5, 2019Renu Zaretsky
: Daily Deduction

An Indirect Levy Is Still A Tax

Elizabeth Warren has a plan to finance Medicare for All.
November 4, 2019Renu Zaretsky
Compared to other OECD countries, the United States relies more heavily on personal income tax (39% vs 23%) and less heavily on consumption taxes, such as sales or value-added taxes (13% vs 29%).
November 4, 2019
: TaxVox

Understanding Warren’s Medicare For All Employer Tax

Democratic presidential candidate Elizabeth Warren has, as promised, released a plan to pay for her Medicare for All health insurance plan. She has come up...
November 1, 2019Howard Gleckman
: TaxVox

Treasury Keeps Obama Administration Earnings Stripping Regulations, But Limits Them

Yesterday, the Treasury Department announced it would keep, but limit, an important tool added by the Obama Administration to stem tax-driven corporate inversions: the regulations...
November 1, 2019Steven M. Rosenthal
: Daily Deduction

An Elusive Spending Deal and An(other) Unclear Tax Plan

Treasury backs off some anti-inversion rules.
November 1, 2019Renu Zaretsky
Individual Taxes: TaxVox

A Wealth Tax Will Encourage More Spending By The Rich—And Maybe More Political Donations

Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) will encourage the very...
October 31, 2019Howard Gleckman
: Daily Deduction

Rates, Protests, and Robocalls

The Federal Reserve Bank lowers interests rates as growth remains soft.
October 31, 2019Renu Zaretsky
: TaxVox

The Death Tax Isn’t So Scary for States

If there is a Halloween-themed tax it’s got to be the death tax (the poll-tested moniker for estate taxes). And the estate tax has scared...
October 30, 2019Richard C. Auxier
: Daily Deduction

Paying For Universal Health Care, Taxing Guns

The CRFB estimates what it would take to pay for Medicare for All.
October 30, 2019Renu Zaretsky
: Daily Deduction

More Taxes on the Rich, Tax Breaks, and Tax Choices

Klobuchar would raise some capital gains taxes, impose a Buffett tax.
October 29, 2019Renu Zaretsky
State and Local Issues: TaxVox

Colorado and Texas Voters Face Big Tax Questions This Year

Like most states, Colorado and Texas do not have legislative or gubernatorial elections in 2019. Still, their voters are facing tricky, and potentially far-reaching, tax...
October 28, 2019Richard C. Auxier
: Daily Deduction

The Growing Deficit, Extenders, Estates, and Revenue

Despite nearly a decade of economic growth, last fiscal year’s federal deficit was almost $1 trillion.
October 28, 2019Renu Zaretsky
The Airport and Airway Trust Fund, in effect since 1971, is funded by excise taxes on passenger air fares, air cargo, and aviation fuels. Revenues have increased steadily over time, except in years when authorization for the taxes expired temporarily.
October 28, 2019
Individual Taxes: Brief

Rethinking Unemployment Insurance Taxes and Benefits

Unemployment Insurance (UI) serves a core purpose that is intuitive for both economists and noneconomists: it provides insurance against the risk of job loss. Because employment is the only or primary source of income for most families, job loss often delivers a financial blow that would be
October 28, 2019Ryan NunnDavid Ratner
Federal Budget and Economy: Research report

Rethinking Unemployment Insurance Taxes and Benefits

This paper addresses economic issues related to the unemployment insurance (UI) system, focusing on the worker- and employer-facing aspects of UI policy—i.e., the ways that benefits are provided to workers and that employers are taxed to fund those benefits. We outline principles for optimal design
October 27, 2019Ryan NunnDavid Ratner
Individual Taxes: TaxVox

Where Can Warren Get $32 Trillion To Pay For Her Government Health Plan?

Democratic presidential hopeful Elizabeth Warren says she’ll disclose her plan to pay for universal, public health care within the “next few weeks.” But finding the money won't be easy.
October 25, 2019Howard Gleckman
: Daily Deduction

Rates, Write-offs, and Wealth

Dereliction of duty?
October 25, 2019Renu Zaretsky
: Daily Deduction

Impunity, an Impasse, and Carbon Pricing

The Senate Won’t Reverse Treasury on SALT.
October 24, 2019Renu Zaretsky
Federal Budget and Economy: TaxVox

Saez and Zucman Say Everything You Thought You Knew About Tax Policy Is Wrong

A new book by economists Emmanuel Saez and Gabriel Zucman, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay,...
October 23, 2019William G. Gale
: Daily Deduction

SALT, a Tax for Tax Breaks, and Missed Opportunities

Today in the Senate: Democrats would open the door to state SALT workarounds.
October 23, 2019Renu Zaretsky
: Daily Deduction

Paying for Education and Health Care

Sen. Elizabeth Warren would use some of her wealth tax to fund a new public education plan.
October 22, 2019Renu Zaretsky