Tax reform ideas played an important role in the recent Presidential election. Republican candidate Mitt Romney proposed large tax cuts and other changes that he said could be part of a revenue-neutral tax reform that also retained low rates on savings and investment and would not raise taxes on
With the U.S. facing huge domestic policy challenges, one might have hoped for a serious debate on fiscal issues between Barack Obama and Mitt Romney...
With the presidential campaign finally reaching a soggy finish, TaxVox is taking a final pre-election look at the tax policies of Barack Obama and Mitt...
Fiscal cliff. Taxmaggedon. Debt default. The Great Recession. Political gridlock. Sequestration. The making -- or unmaking -- of the federal budget is at play with each of these. Making sense of it all is the focus of David Wessel’s new book, Red Ink: Inside the High Stakes Politics of the Federal
The Tax Policy Center’s new tables showing the revenue and distributional effects of capping itemized deductions have received a great deal of attention since we...
The paper describes the current U. S. fiscal problems showing that without significant changes in revenue and spending policies, the country is headed for a sovereign debt crisis similar to that afflicting countries in Southern Europe. Various options for stabilizing the debt-GDP ratio are analyzed