Tax Policy Center

Congressional Budget Office

Federal Budget and Economy: TaxVox
Suppose your aunt decides to start a business making pizza ovens. She will design and build the ovens, and her daughter will manage operations. A bank is ready to lend her $100,000 to get started, but it wants someone to co-sign and be on the hook if she misses any payments. She offers to pay you $
September 11, 2014Donald Marron
Individual Taxes: TaxVox
It isn’t news that congressional Democrats and Republicans have agreed to spend the time between now and the November elections messaging, rather than legislating. When it comes to domestic policy it has only two real issues on its must-do list: Deciding the fate of 50+ tax breaks that expired last
April 14, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
I was chatting the other day with a fellow budget wonk who noted the cruel paradox of fiscal politics: When the economy is bad, deficits...
February 4, 2014Howard Gleckman
Individual Taxes: TaxVox
Effective tax rates have been rising since 2009 and will continue to rise for a few more years before they flatten out, according to Tax...
December 12, 2013Roberton C. Williams
Federal Budget and Economy: TaxVox
For those of you keeping score, the Congressional Budget Office now figures the next showdown over the nation’s debt limit will occur in March, or...
November 21, 2013Howard Gleckman
Individual Taxes: TaxVox
At 8:30 this morning, Uncle Sam suddenly shrunk. Federal spending fell from 21.5 percent of gross domestic product to 20.8 percent, while taxes declined from...
July 31, 2013Donald Marron
Federal Budget and Economy: TaxVox
Do you think Congress really cares about the budget deficit anymore? Or that the age-old practice of buying lawmakers votes with local projects is really...
June 25, 2013Howard Gleckman
Individual Taxes: TaxVox
The Congressional Budget Office report on the distribution of tax expenditures is getting lots of buzz, nearly all of it positive. This is a gratifying...
May 30, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
With 10 days to go until the dreaded sequester—the automatic across-the-board spending cuts that most lawmakers profess to hate—the Washington drama machine is starting to...
February 19, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
I spent lunchtime today moderating a thoroughly discouraging Urban Institute panel discussion on the fiscal cliff. The consensus of the speakers—all highly-regarded budget experts—was that...
January 8, 2013Howard Gleckman