Tax Policy Center

capital gains tax

Campaigns, Proposals, and Reforms: TaxVox
Democratic presidential hopeful Hillary Clinton has proposed to radically rejigger top capital gains tax rates to encourage investors to take a longer-term perspective. But I think she’s misdiagnosed the problem and, even if she’s right, the proposal won’t work as she expects. Her idea: Give
July 28, 2015Leonard E. Burman
: 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
Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good. The senators argue that it’s a step toward a consumption tax. But Len thinks some small steps aren’
March 4, 2015Renu Zaretsky
: TaxVox
Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “ great deal of overlap ” between the White House framework and recent Republican proposals. House Ways and Means Chairman Paul Ryan agreed that
January 22, 2015Renu Zaretsky
: TaxVox
The State of the Union: Tax reform depends on where you are sitting. In his State of the Union Address last night, President Obama called on Congress to address wealth inequality through the tax code, largely by increasing the capital gains tax and imposing a bank tax to fund tax relief for middle-
January 21, 2015Renu Zaretsky
: TaxVox
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the biggest loophole in the tax code for high-wealth households,” says TPC’s Len Burman. Len explains
January 20, 2015Renu Zaretsky
: TaxVox
Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes. Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers how they might shape developments in 2015. “Camp’s proposal provides the means to think seriously
December 29, 2014Renu Zaretsky
: TaxVox
Shutdown, Omnibus Spending, Continuing Resolution : So many choices in the wake of an Executive Action. The newly emboldened GOP ( or is it? ) has several options when responding to last night’s executive order on immigration issued by President Obama. After its Thanksgiving break, Congress will
November 21, 2014Renu Zaretsky
Individual Taxes: TaxVox
Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-based corporations. That yields tax benefits and may boost their after-tax profits, but it can also leave their stockholders with unwanted capital
August 20, 2014Roberton C. Williams
: TaxVox
Australia repeals its two-year-old carbon tax. It’s been a contentious issue for seven years. Australia is one of the biggest producers of carbon emissions per capita. Its government is committed to reducing emissions to 5 percent below year 2000 levels by 2020. A carbon tax might have been the
July 18, 2014Renu Zaretsky