Tax Policy Center

Affordable Care Act

: TaxVox
The GOP calls for Affordable Care Act repeal in its budget resolution. The 10-year plan would cut planned spending by more than $5 trillion, retain the $1.017 trillion sequestration budget ceiling for 2016, and increase off-budget military spending. It would also use budget reconciliation to try to
April 30, 2015Renu Zaretsky
Individual Taxes: TaxVox
It turns out that the first year of tax filing for people who have Affordable Care Act health insurance subsidies was a lot easier than the first year of enrolling in the online exchanges. In contrast to the ACA’s maiden open enrollment season, the initial process of settling up incorrect subsidies
April 29, 2015Howard Gleckman
: TaxVox
The GOP is putting the finishing touches on the first budget resolution in a decade. The Hill reports that an agreement could be voted on by the end of the week. The Associated Press reports that the final resolution will reportedly drop the House provision to move part of Medicare to a premium-
April 28, 2015Renu Zaretsky
: TaxVox
There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school
April 22, 2015Renu Zaretsky
: TaxVox
The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed . The Joint Committee on Taxation estimates that 5,400 estates will face the
April 16, 2015Renu Zaretsky
: TaxVox
The IRS and the ACA: Working hard and working well. The IRS, thanks to years of preparation since the Affordable Care Act became law in 2010, has managed the current tax filing season smoothly, according to IRS Commissioner John Koskinen , even with new ACA burdens and IRS budget cutbacks . “It's
April 13, 2015Renu Zaretsky
: TaxVox
Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13. With just over two weeks till Tax Day, Treasury wants to clarify Affordable Care Act tax facts. It released fact sheets on common exemptions from the individual
March 30, 2015Renu Zaretsky
: TaxVox
The “doc fix” passes the House. The House overwhelmingly approved the Medicare “ doc fix ” to replace automatic payment cuts (that Congress has delayed every year since 2003) with a temporary 0.5 percent annual hike in physician reimbursements. But the bipartisan deal, which CBO figures would add $
March 27, 2015Renu Zaretsky
: TaxVox
As the GOP gears up to make peace between House and Senate budgets, Senator Bernie Sanders has an idea about war funding. The GOP Congress will need to reconcile their budgets in the next several weeks—for the first time in a decade. They want to come together to repeal and offer an alternative to
March 23, 2015Renu Zaretsky
: TaxVox
Out today: A first look at GOP budgets. The US hit its debt limit yesterday (at least technically), and the budget battles have begun. The Senate GOP budget resolution reportedly won’t include detailed plans to overhaul entitlement programs—though the House GOP plan may. The Senate Budget panel
March 17, 2015Renu Zaretsky