Originally posted November 16, 2010. Updated on November 18, 2010, to include analyses in which only the income tax expenditures are eliminated but payroll tax expenditures remain. Updated again on November 24, 2010, to include an additional option that would retain 80 percent of the tax
The other day, I asked a Washington consultant whether his Wall Street clients wanted Congress to cut federal spending by at least $100 billion next...
Provisions in the tax law that benefit families with children include the child tax credit, personal exemptions for dependent children, the earned income tax credit, availability of head of household filing status, the child and dependent care credit, and tuition tax credits and deductions for
The debate over extending the 20012003 tax cuts beyond 2010 has revolved around two options: extend all provisions for all taxpayers, and the presidents proposal to extend all provisions except those that apply only to high-income taxpayers. A third option has drawn attention: extend the 20012003
Yesterday was election day, and while tax and spending themes played a role in congressional and gubernatorial contests, voters in many states also got to...
Angry voters have spoken, and have fired pretty much every congressional Democrat they could. Republicans gained control of the House and substantially narrowed the Democratic...
Who needs death panels? Representative Cynthia Lummis (R-WY) claims that ranchers and farmers in her state are planning on ending dialysis or other life-extending medical...
The two big stories of this campaign season are voter backlash against Democrats and the rise of the so-called Super PACs-- massive campaign funding organizations...
Three-quarters of Americans believe that entitlement programs such as Medicare and Social Security “will create major economic problems” over the next 25 years. But two-thirds...
In a contribution to the New York Times Freakonomics blog, Donald Marron identifies this year's biggest tax policy mistake: Washington's inability to decide what this year's tax law is. While politicians, analysts and the media endlessly debate how expiring tax cuts might affect taxpayers in 2011,
Lori Montgomery’s nice piece in the The Washington Post this morning described how some congressional Democrats want to use the looming tax increases on high-earners...
2014 Distribution table showing the changes in federal taxes by cash income levels. Baseline is current policy and proposal is the Administration's Fiscal Year 2011 budget proposal, both major individual income tax and corporate tax provisions.
2014 Distribution table showing the changes in federal taxes by cash income percentiles. Baseline is current policy and proposal is the Administration's Fiscal Year 2011 budget proposal, both major individual income tax and corporate tax provisions.
As the US housing market experiences its largest contraction since the Great Depression, the Lincoln Institute of Land Policy and the Urban-Brookings Tax Policy Center took a closer look at the consequences of this crisis for state and local governments in a May 2010 conference.This article
Federal revenues rose nearly 3 percent from fiscal year 2009 to FY2010. But virtually the whole increase came from higher corporate income taxes and a...
Table estimating the change in retirement contributions from introducing automatic IRA enrollment and an alternative Saver's Credit; see table footnotes for details.
