The United States is on a disastrous fiscal path. In the conflict between restoring solvency and stimulating the economy, the president's budget is more focused on the latter. Yet even before the recession Medicare and Medicaid, along with Social Security, accounted for almost 50 percent of
On the defensive for cutting a $700 billion tax deal with Republicans, President Obama argued that the agreement is important because it would benefit middle-class...
Comparison of the 2011 estate tax under current law, under 2009 law, and under the compromise between the Obama administration and Congressional Republicans.
Comparison of average benefits in 2011 from the Making Work Pay credit and the 2-percentage-point OASDI tax rate cut for employees, compared with current policy, by cash income level.
Comparison of average benefits in 2011 from the Making Work Pay credit and the 2-percentage-point OASDI tax rate cut for employees, compared with current policy, by cash income percentile.
The tax deal reached by President Obama and congressional Republicans (but not Hill Democrats) includes a bit of good, some bad, and some really ugly...
On November 29, 2010, TPC co-director William Gale held a live webchat on the Washington Post website to discuss his November 28th Washington Post piece, Five Myths About Cutting the Deficit. Read the full publication here
As usual in December, personal finance columns are filled with end-of-year tax advice—all those things you should do before New Year’s to cut your tax...
Distribution of federal tax change in 2011, by cash income level, from the Middle Class Tax Relief Act of 2010 as passed by the House, compared with current law.
Distribution of federal tax change in 2011, by cash income percentile, from the Middle Class Tax Relief Act of 2010 as passed by the House, compared with current law.
Distribution of federal tax change in 2011, by cash income level, from the Middle Class Tax Relief Act of 2010 as passed by the House, compared with current policy.
Distribution of federal tax change in 2011, by cash income percentile, from the Middle Class Tax Relief Act of 2010 as passed by the House, compared with current policy.
Distribution of federal tax change in 2011, by cash income level, from the reported tax agreement between the Obama administration and Congressional Republicans, compared with current law.
Distribution of federal tax change in 2011, by cash income percentile, from the reported tax agreement between the Obama administration and Congressional Republicans, compared with current law.
Distribution of federal tax change in 2011, by cash income level, from the reported tax agreement between the Obama administration and Congressional Republicans, compared with current policy.
Distribution of federal tax change in 2011, by cash income percentile, from the reported tax agreement between the Obama administration and Congressional Republicans, compared with current policy.
My TPC colleague Howard Gleckman wrote the other day about the confusion caused by the multiple baselines advocates use to measure the effects of tax...
The chairs of President Obama’s fiscal commission have refined—in some key ways—their broad-based tax reform plan. Erskine Bowles and Alan Simpson didn’t change their basic...
Preliminary distribution of federal tax change at 2015 income levels, by cash income percentile, from the modification of the illustrative tax reform plan put forward by the Obama fiscal reform commission (under 2020 law), compared with current law. The modification implements the same individual
Preliminary distribution of federal tax change at 2015 income levels, by cash income percentile, from the modification of the illustrative tax reform plan put forward by the Obama fiscal reform commission (under 2020 law), compared with current policy. The modification implements the same
This article examines the economic benefits of alternative minimum tax reform relative to the current policy baseline. The authors find that AMT reform can lead to improved progressivity, greater efficiency, and a lessened compliance burden while raising an equal amount of revenue.
Preliminary distribution of federal tax change at 2015 income levels, by cash income percentile, from the illustrative tax reform plan put forward by the Obama fiscal reform commission (under 2020 law), compared with current policy.
Preliminary distribution of federal tax change at 2015 income levels, by cash income percentile, from the illustrative tax reform plan put forward by the Obama fiscal reform commission (under 2020 law), compared with current law.
Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would retain 80 percent of current mortgage, health and retirement
