Tax Policy Center

budget

Federal Budget and Economy: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring. Macroeconomic scoring, aka dynamic scoring, has been debated for years. For the 114 th Congress, the House has adopted a rule to institute the procedure for major bills. But what would dynamic scoring really mean in practice
March 11, 2015G. William Hoagland
Federal Budget and Economy: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring . One of the strengths of the US budgeting system is that proposals are held accountable through a relatively open process of scoring the costs and benefits. This process, as run by the Congressional Budget Office and others,
March 6, 2015Simon Johnson
Federal Budget and Economy: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major
February 27, 2015Donald Marron
Individual Taxes: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring House Ways & Means Committee Chairman Paul Ryan has claimed that the House dynamic scoring rule would generate more information. But the new rule asks for an official cost estimate that reflects only a single estimate
February 25, 2015Chye-Ching Huang
Federal Budget and Economy: TaxVox
In his budget proposal, President Obama would raise capital gains taxes as a way to finance middle class tax relief. Along with many Republicans, he also supports tax rate cuts for business and efforts to prevent multinational corporations from avoiding U. S. taxation. This raises an intriguing
February 6, 2015C. Eugene Steuerle
: TaxVox
An analysis lays a foundation for debate. The TPC has a new paper on the distributional effects of the President’s tax proposals . His tax cuts primarily benefit low-income single workers and families with children. Households with very high incomes and substantial capital assets would pay more. A
February 2, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A
January 26, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
President Obama’s tax proposals for the middle class were a key element of his State of the Union address. But they represent only relatively modest efforts to create subsidies through the tax code rather than through other departments of government. Looked at broadly, many only tinker around the
January 21, 2015C. Eugene Steuerle
Federal Budget and Economy: TaxVox
Pardon me for being confused. Two weeks ago, voters turned the Senate and several state houses over to Republicans and increased the GOP majority in the House. Now, in a new Wall Street Journal -NBC News pol l, (firewall) Americans have firmly embraced—a Democratic agenda. They want more government
November 20, 2014Howard Gleckman
Individual Taxes: TaxVox
The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. As policy makers search for ways to raise economic growth and improve the living standards of
November 20, 2014William G. Gale