consumption tax

Conservatives Lay Out Their Second Term Trump Tax Policy

A policy agenda developed by influential conservative groups for a second Donald Trump presidential term already has received attention for its controversial immigration recommendations ...

February 29, 2024Howard Gleckman

Federal Budget and Economy: TaxVox

Here Comes The FairTax … Again

The idea of replacing all major federal taxes with a national sales tax – and using the opportunity to “abolish” the IRS – has been...

January 12, 2023John Buhl

Business Taxes: TaxVox

Could A Data Tax Partially Replace the Corporate Income Tax?

Policy experts and governments around the world are deeply dissatisfied with the way multinational corporations are taxed, especially big tech companies. The Organisation for Economic...

October 18, 2022Howard Gleckman

Business Taxes: TaxVox

A new look at how current law and proposed reforms tax entrepreneurs

Tax policy debates often focus on entrepreneurs, those risk-takers who build businesses from scratch. In an effort to better understand how innovators who create new...

January 5, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Swapping The Employer Share of The Payroll Tax For a Consumption Tax

Would you be willing to swap a new, broad-based consumption tax for your employer’s share of the Social Security and Medicare payroll tax? According to...

July 6, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The Best—And Worst—Tax Ideas of the 2016 Presidential Campaign

It is only April and we have heard presidential candidates propose some of the biggest and most ambitious tax plans i n modern US history. Donald Trump is proposing the largest tax cut ever, and Ted Cruz is not far behind. Bernie Sanders has proposed the biggest tax increase since World War II. But

April 14, 2016Howard Gleckman

Federal Budget and Economy: TaxVox

Rubio’s Ambitious Consumption Tax Would Reduce Revenue by $6.8 Trillion, Give Most Benefits to the Highest-Income Households

Senator Marco Rubio would convert the income tax into a progressive consumption tax, an ambitious idea that would eliminate the income tax’s penalty on saving. However, a new Tax Policy Center analysis finds that Rubio’s version would slash federal tax revenues by $6.8 trillion over the next decade

February 10, 2016Howard Gleckman

: TaxVox

Bipartisan or Partisan: Tax Efforts Abound

There’s a bipartisan House effort to double the federal gas tax. It would raise the 18.4 cents-per-gallon tax to about 30 cents, would be inflation adjusted, and would rise again in three years if Congress does not find another way to pay for federal transportation projects. The bill’s sponsors—

April 17, 2015Renu Zaretsky

Federal Budget and Economy: TaxVox

Rubio Tries to Triangulate Tax Policy

Newly declared GOP presidential hopeful Senator Marco Rubio is trying something truly (Bill) Clintonesque—navigating between the demands of his party’s base and a more centrist, forward-looking political agenda. Nowhere is it more obvious than in tax policy. And nowhere is the road ahead more risky

April 16, 2015Howard Gleckman

: TaxVox

It’s Spring Break, and “Everything’s Coming Up Taxes…” (No Daffodils)

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. Taxpayers: How are IRS budget cuts affecting you? You can find out on Wednesday from IRS Commissioner John Koskinen at a TPC event at the Brookings Institution .

April 6, 2015Renu Zaretsky