: Daily Deduction

Simple is as simple costs.

Ted Cruz has a very simple, very expensive, and very regressive tax plan. The GOP presidential hopeful would make big changes to today’s tax code but his plan would slash federal revenues by $8.6 trillion over the next decade, according to TPC’s analysis . Cruz would repeal the corporate income tax
February 16, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: Research report

An Analysis of Ted Cruz's Tax Plan

Presidential candidate Ted Cruz’s tax proposal would (1) repeal the corporate income tax, payroll taxes for Social Security and Medicare, and estate and gift taxes; (2) collapse the seven individual income tax rates to a single 10 percent rate, increase the standard deduction, and eliminate most
February 16, 2016Joseph RosenbergJames R. NunnsLeonard E. BurmanDaniel Berger
Campaigns, Proposals, and Reforms

T16-0031 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Percentile, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0030 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Level, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0029 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Percentile, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0028 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Level, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0027 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Percentile, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0026 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Level, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0025 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Percentile, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0024 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Ted Cruz's Tax Reform Proposal, By Expanded Cash Income Level, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0023 - Senator Cruz's Tax Reform Plan, Baseline: Current Law, by Expanded Cash Income Percentile, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0022 - Senator Cruz's Tax Reform Plan, Baseline: Current Law, by Expanded Cash Income Level, 2025

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0021 - Senator Cruz's Tax Reform Plan, Baseline: Current Law, by Expanded Cash Income Percentile, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0020 - Senator Cruz's Tax Reform Plan, Baseline: Current Law, by Expanded Cash Income Level, 2017

February 16, 2016
Campaigns, Proposals, and Reforms

T16-0019 - Ted Cruz's Tax Reform Plan: Impact on Tax Revenue, 2016-26 by Fiscal Year and Total for FY2027-36

February 16, 2016
Campaigns, Proposals, and Reforms: TaxVox

Cruz’s Flat Tax + VAT Would Cut Revenues By $8.6 Trillion

GOP presidential hopeful Ted Cruz’s aggressive plan to shift the tax code from a mostly income-based system to one based on consumption would slash federal revenues by $8.6 trillion over the next decade, according to a new Tax Policy Center analysis . Including interest costs, it would add $10.2
February 15, 2016Howard Gleckman
: Daily Deduction

A Definite Crisis, Maybe an Evasion, and Lots of Talk

There’s a “hot mess” of a budget crisis in Louisiana. The legislature began an emergency session over the weekend. Lawmakers need to close a $943 million budget shortfall by June 30, and Democratic Governor John Bel Edwards recommended tax increases totaling $836 million to help get there. In a
February 15, 2016Renu Zaretsky
: Daily Deduction

Cuts, Refunds, and a Ban

What better way to spend Valentine's Day weekend than with presidential contenders? It's President's Day weekend, too, after all. Last night Democratic hopeful Bernie Sanders noted that his tax increase would reduce average health insurance premiums by $5000 a year. Competitor Hillary Clinton said
February 11, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: Research report

An Analysis of Marco Rubio's Tax Plan

Marco Rubio’s tax proposal would convert the federal income tax into a consumption tax by not taxing investment income of individuals and by converting the corporate income tax into a cash-flow consumption tax. It would replace most deductions and exemptions with a universal credit; eliminate
February 11, 2016Elaine MaagRoberton C. WilliamsJeffrey RohalyJames R. Nunns
Campaigns, Proposals, and Reforms

T16-0014 - Marco Rubio Tax Reform Plan with Alternative Refundability of Personal Credit, Impact on Tax Revenue, 2016-26 by Fiscal Year and Total for FY2027-36

February 11, 2016
Campaigns, Proposals, and Reforms

T16-0018 - Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners, Baseline: Current Law, by Expanded Cash Income Percentile, 2025

February 11, 2016
Campaigns, Proposals, and Reforms

T16-0017 - Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners, Baseline: Current Law, by Expanded Cash Income Level, 2025

February 11, 2016
Campaigns, Proposals, and Reforms

T16-0016 - Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners, Baseline: Current Law, by Expanded Cash Income Percentile, 2017

February 11, 2016
Campaigns, Proposals, and Reforms

T16-0015 - Senator Rubio's Tax Reform Plan with Personal Credit Fully Refundable for Earners, Baseline: Current Law, by Expanded Cash Income Level, 2017

February 11, 2016
Campaigns, Proposals, and Reforms

T16-0013 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Senator Rubio's Tax Reform Proposal, By Expanded Cash Income Percentile, 2025

February 11, 2016