Business Taxes: TaxVox

Exxon, Yes Exxon, Backs a Carbon Tax

The Wall Street Journal reported this morning (paywall) that Exxon, the world’s largest producer of fossil fuels, is actively lobbying for a carbon tax. Yes,...
June 30, 2016Howard Gleckman
: Daily Deduction

Rules, Restructuring, a Veto, and a Vote

US multinationals will follow new reporting rules.
June 30, 2016Renu Zaretsky
State and Local Issues: Research report

Federal-State Income Tax Progressivity

This report finds that both federal and state income taxes are generally progressive but (1) state systems are much less progressive than the federal system and (2) the degree of progressivity varies widely among the states. Federal income taxes became more progressive following 2012 legislation
June 29, 2016Frank SammartinoNorton Francis
: Daily Deduction

Rules, Safeguards, and Woes

House Ways & Means’ GOP members balk at Treasury’s anti-inversion plan.
June 29, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

The Striking Contrast Between the Trump and House Republican Tax Plans

I’ve never seen anything quite like it: A presumptive presidential candidate proposes a major policy initiative and a month before he is due to be...
June 28, 2016Howard Gleckman
: Daily Deduction

Price Checks, an Urgent Call, and Postcards

The CRFB prices out presidential candidates’ promises.
June 28, 2016Renu Zaretsky
State and Local Issues: TaxVox

The only fix for Washington Metro’s funding problems: regional cooperation

The Washington region’s beleaguered metropolitan rail system, known locally as Metro, has a safety and management problem. It is so bad that Metro was...
June 27, 2016Richard C. Auxier
Campaigns, Proposals, and Reforms: TaxVox

Ryan’s Deceptively Simple Promise of Postcard Tax Filing

Paul Ryan and the House Republicans rolled out a new tax plan last week that promises to lower rates, eliminate tax preferences, and simplify the federal tax system. One attractive promise: “Simple, Fair ‘Postcard’ Tax Filing” that would cut your income tax return down to just 14 lines.
June 27, 2016Roberton C. Williams
: Daily Deduction

A Buried Blueprint, A Pilot, Accountability, and Peace

More on Ryan’s tax reform blueprint. TPC’s Howard Gleckman explains how it calls for a big tax cut for businesses, investors, and other high-income households, while middle-income taxpayers wouldn’t be treated nearly as well.
June 27, 2016Renu Zaretsky
: Daily Deduction

A Blueprint, a Fresh Effort, and Fresher Air?

Wither the House GOP’s tax reform blueprint?
June 24, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Ryan Proposes Big Tax Cuts for Business and Investors, Moves Towards a Cash Flow Tax

House Republicans Propose Big Tax Cuts for Business and Investors, Move Towards a Cash Flow Tax House Speaker Paul Ryan (R-WI) unveiled his long-promised rewrite...
June 23, 2016Howard Gleckman
Federal Budget and Economy: Conference

6th Annual IRS-TPC Joint Research Conference on Tax Administration

The IRS and the Tax Policy Center invite you to attend the only annual conference focused exclusively on tax administration research. Researchers from the IRS,...
June 23, 2016
: Daily Deduction

Replacement, Research, Recommendations, and Questions

Ryan’s health care blueprint. House Speaker Paul Ryan has described his vision of what “replace” means in the GOP’s mantra of repeal and replace the Affordable Care Act.
June 23, 2016Renu Zaretsky
: Daily Deduction

Tax Planning, Tax Avoidance, To-may-to, To-mah-to

What’s a hedge fund manager to do? Bloomberg explains the dilemma.
June 22, 2016Renu Zaretsky
Federal Budget and Economy: TaxVox

A Universal Basic Income? Right Debate, Wrong Answer

Recently, advocates have revived and extended an old idea: that government should give everyone, regardless of their economic circumstances, a universal basic income (UBI). For...
June 21, 2016C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox

Trump’s Tax and Spending Plan Could Sharply Raise Interest Rates

Donald Trump’s tax and spending plan would nearly triple interest rates and increase the federal government’s debt by $14 trillion by 2026, according to an...
June 21, 2016Howard Gleckman
: Daily Deduction

Summer brings a gloomy forecast.

Zandi says Donald Trump’s fiscal policies would hurt the economy.
June 21, 2016Renu Zaretsky
: Daily Deduction

A Solution, A Legacy, and Plans…

Corporate tax reform: Everybody wants it, but how?
June 20, 2016Renu Zaretsky
Federal Budget and Economy: Brief

Thoughts on Dynamic Scoring of Fiscal Policies

Former CBO director Doug Elmendorf recently argued that Congress should account for macroeconomic feedback when scoring major tax and spending policies. In this brief, Donald Marron agrees, arguing that CBO and JCT can implement such dynamic scoring in an objective, nonpartisan manner. Dynamic
June 20, 2016Donald Marron
Business Taxes: Brief

Is Corporation Integration A Good Idea?

In this installment of the Star Forum, experts weigh in on the following question: Senate Finance Committee Chair Orrin G. Hatch, R-Utah, has announced that he is drafting a proposal in favor of corporate integration. Do you think that corporate integration is a good idea? What factors should Hatch
June 20, 2016Eric ToderAlan Viard
Business Taxes: Conference

A New Proposal for Corporate Tax Reform: Joint Event Between American Enterprise Institute and the Urban-Brookings Tax Policy Center

The US corporate income tax reduces incentives for multinational corporations to invest, book profits, and maintain residence in the United States. But reforms that address some of these adverse incentives generally worsen others. In a new report, Alan D. Viard and Eric Toder suggest basing tax
June 17, 2016
: Daily Deduction

Reform, Attitudes, Caps, and Mishaps

This morning at the American Enterprise Institute… TPC’s Eric Toder and AEI’s Alan Viard share their proposal for a new approach to corporate tax reform...
June 17, 2016Renu Zaretsky
Business Taxes: Research report

A Proposal to Reform the Taxation of Corporate Income

This report updates and revises the authors’ 2014 proposal to replace the corporate income tax with taxation at ordinary income rates of dividends and net accrued capital gains of American shareholders. The new proposal retains a 15 percent corporate income tax, gives taxable shareholders a credit
June 17, 2016Eric ToderAlan Viard
Campaigns, Proposals, and Reforms: TaxVox

The Fiscal Legacy of Bernie Sanders’s Surprising Presidential Candidacy

Bernie Sanders, the democratic socialist Senator from Vermont, surprised almost everyone by waging a very strong campaign for President. However, it is now clear to...
June 16, 2016Leonard E. Burman
: Daily Deduction

Misconduct and Mystery

A House committee votes to censure IRS Commissioner John Koskinen.
June 16, 2016Renu Zaretsky