Tax Policy Center

Congress

Individual Taxes: TaxVox
The Senate Finance Committee has created five bipartisan working groups to develop ideas for comprehensive tax reform by the end of May. It is a good idea. But it is unlikely to accelerate the panel’s timetable for producing legislation. The task forces won't develop many new ideas. Let’s be honest
January 15, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
So much has changed. Yet, when it comes to taxes, so much has not. Republicans have taken control of Congress and now hold governorships in 31 states. The U.S. economy is finally on solid ground. And presidential hopefuls are gearing up for the 2016 election. But for all that, the top tax stories
January 6, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
The massive 2015 spending bill that President Obama is likely to sign this week continues an ongoing effort to trash the Internal Revenue Service. It is a cynical recipe for a self-fulfilling disaster: Give the agency more and more work. Cut its budget. Blame it for failing to do its job. Repeat.
December 16, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Rep. Sandy Levin (D-MI), the senior Democrat on the House Ways & Means Committee, stood up on the House floor yesterday and urged Congress to refuse to make permanent three special tax breaks for charitable giving unless their $11 billion cost was paid for. Why were his remarks notable? Because
December 11, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Can somebody explain to me why the House agreed last week to restore 50+ tax subsidies without paying for them (and thus adding $42 billion to the deficit) and 10 minutes later approved a new tax subsidy that it insisted on paying for? It can’t be the merits of the recipients. By now, TaxVox
December 9, 2014Howard Gleckman
Individual Taxes: TaxVox
For the first time since 2010, Congress may be about to acknowledge that people with disabilities cannot have a decent quality of life with limited financial resources and modest government support. It is on the verge of approving the Achieving a Better Life Experience (ABLE) Act , which would
December 4, 2014Howard Gleckman
Individual Taxes: TaxVox
There are two simple ways to end the tiresome seasonal drama over faux-temporary tax cuts known (with a stunning lack of accuracy) as the extenders. First, call them what they are : Expired tax breaks that have been off the books for nearly a year. Second, make Congress pay for any of the special
December 2, 2014Howard Gleckman
Business Taxes: TaxVox
The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH) and others claim that this step will so poison the well of trust
November 18, 2014Howard Gleckman
Business Taxes: TaxVox
The push to repeal the Affordable Care Act’s tax on medical devices has somehow become a touchstone for GOP efforts to chip away at President Obama’s health care law. But why? To paraphrase Bogart’s classic line from Casablanca: Of all the taxes in all laws in all the world, why did they pick this
November 13, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Republicans had a very good day yesterday. But can they translate their ballot-box success into a positive legislative agenda? It won’t be easy but here are six clues: Mitch McConnell : He is a brilliant legislative tactician. We know he’ll use those skills to try to outmaneuver Democratic Leader
November 5, 2014Howard Gleckman