Mitt Romney’s holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign...
The report discusses the important budget events of 2011. It begins with the House Republican budget and the president's response. The very different approaches to health and discretionary spending and tax policy are analyzed in detail. The policy debate continued into the confused debt limit
Rick Santorum, who may have won the Iowa caucuses after all, favors a huge broad-based tax cut that would massively increase the budget deficit. According...
Funding and investing in infrastructure are not only about finding adequate resources to meet the demands of citizenry, but rather requires understanding of how infrastructure fits into the broader functions of government. This brief examines the key role of pricing infrastructure projects and how
In his campaign for the Republican presidential nomination, Rick Santorum has proposed permanently extending the 2001–10 tax cuts and further reducing individual income taxes, cutting the corporate income tax rate in half, eliminating the estate tax, and repealing the alternative minimum tax and
The least popular Congress in memory is back. I, personally, am thrilled. After a year in which lawmakers did almost nothing besides (barely) keeping the...
More than two years after the official end of the Great Recession, state governments still face significant budget deficits. The consensus solution to this problem is for states to save money during boom times (via budget stabilization or rainy day funds) and to draw on those savings during
Distribution of labor income, business income, capital income and other income as shares of 2011 cash income, by cash income level and demographic status.
Distribution of labor income, business income, capital income and other income as shares of 2011 cash income, by cash income percentile and demographic status.
The on-again, off-again battle over how to tax the compensation of private equity managers may be on again, thanks to the confluence of two seemingly...
Distribution of federal tax benefits by cash income level from the Child Tax Credit, Child and Dependent Care Tax Credit and Earned Income Tax Credit, against current law, 2011
Distribution of federal tax benefits by cash income percentile from the Child Tax Credit, Child and Dependent Care Tax Credit and Earned Income Tax Credit, against current law, 2011
Tax-deferred 401(k) plans may be a better deal for low-income workers than economists thought, according to new research by my Tax Policy Center colleague Eric...
Political leaders and commentators frequently claim that the policies they favor will make the United States more competitive, without defining what competiveness between countries means. This paper defines competitiveness as a contest between nations for scarce and mobile resources and explores
Distribution of federal tax benefits by cash income level from the Temporary Payroll Tax Cut Continuation Act of 2011, compared against a current law baseline, 2012.
Distribution of federal tax benefits by cash income percentile from the Temporary Payroll Tax Cut Continuation Act of 2011, compared against a current law baseline, 2012.
