A recent column in the Christian Science Monitor (first appeared here ): America's tax system is broken. It's needlessly complex, economically harmful, and often unfair...
If Washington is going to need new tax revenues to bring the deficit under control—which it inevitably will-- I increasingly wonder where the cash is...
Tax reform should focus on three goals:1) reducing needless complexity, 2) reducing backdoor spending through the tax code, and 3) reforming rules for taxing saving and investment to make our tax law more suitable for a globalized economy. This note summarizes steps that should be taken and how
In a contribution to the Christian Science Monitor, Donald Marron discusses strategies to reform Americas broken tax code. Marron proposes ridding the system of corporate and individual tax preferences to create a fairer, simpler, and revenue-generating system with fewer tax breaks and lower rates
Here’s a quick multiple choice quiz about President Obama’s new budget. Over the next ten years, would the budget: a. Increase taxes by $819 billion...
The Community Living Assistance Services and Supports (CLASS) Act is a national, voluntary long-term care insurance program included in the Affordable Care Act of 2010. Some congressional critics would repeal the law. But while the measure is poorly designed, it should be reformed. Changes could
The Obama budget confirms what we already knew—neither tax reform nor significant increases in revenues are on the table. Neither are major entitlement programs such...
Tomorrow, the White House will release its ideas for overhauling mortgage giants Fannie Mae and Freddie Mac. While there is little agreement in Washington over...
Distribution of federal tax change in 2011, by cash income level, from current law, compared with tax law before the 2009 stimulus package (evaluated at 2011 income levels).
Distribution of federal tax change in 2011, by cash income percentile, from current law, compared with tax law before the 2009 stimulus package (evaluated at 2011 income levels).
Distribution of federal tax change in 2011, by cash income level, from current law, compared with tax law before the 2009 stimulus package plus the AMT patch (evaluated at 2011 income levels).
Distribution of federal tax change in 2011, by cash income percentile, from current law, compared with tax law before the 2009 stimulus package plus the AMT patch (evaluated at 2011 income levels).
A major goal of last December’s Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 (aka extending the Bush-era tax cuts) was to...
In his speech yesterday to the U.S. Chamber of Commerce, President Obama doubtless pleased many in his audience by repeating the business community’s favorite mantra...
At last Wednesday’s hearing on tax reform, three witnesses--Rosanne Altshuler, Larry Lindsey, and I--invoked a famous rule of thumb about taxes. We each told the...
Many retirees were surprised when their January pension checks were smaller than their December payments. Pension plans had increased withholding for federal income tax, shrinking...
Unless current policies are reformed, the national debt will continue to grow relative to GDP until a sovereign debt crisis, like those in Ireland and Greece, is inevitable. Although the nation is becoming more concerned about spiraling debt and a presidential fiscal commission and other groups
Both President Obama and congressional Republicans want to cap some domestic spending programs as a way to reduce the budget deficit. Leaving aside for the...
New York Times' Room for Debate : The United States has one of the world's highest corporate tax rates, but many large U.S. corporations pay little U.S. tax. Eliminating special interest loopholes could pay for some, but not much reduction in the corporate rate. The main problem is that it is hard
New York Times 's Room for Debate: The United States has one of the world's highest corporate tax rates, but many large US corporations pay little US tax. The main problem is that it is hard for one country to tax entities that transcend national boundaries. A better approach would tax more
This morning I appeared at a Senate Budget Committee hearing, "Tax Reform: A Necessary Component for Restoring Fiscal Sustainability." My full testimony, "Cutting Tax Preferences...
