corporate income tax

How A New Picture of Corporate Shareholders May Turn the Tax Debate Upside Down

Yesterday, my Tax Policy Center colleagues Steve Rosenthal and Lydia Austin published new research that could dramatically change the way we think about corporate taxes. They found that only about one-quarter of corporate stock is held by tax-paying investors—about half of what experts generally

May 17, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Cruz and Trump Would Slash Taxes on New Business Investment, But Cruz Would Cut Them More

Both Donald Trump and Ted Cruz say their tax plans would dramatically boost the economy by reducing taxes on new investment. According to the Tax Policy Center, both proposals would significantly cut taxes on investment and both would be far more generous than the Democratic hopefuls. However, Cruz

March 29, 2016Howard Gleckman

Federal Budget and Economy: TaxVox

CBO Sees a Big Increase in Individual Income Tax Revenues Over the Next Decade

In its semi-annual fiscal update released this week, the Congressional Budget Office projects that federal revenues will remain flat over the next decade, while spending—mostly for health care and Social Security—will rise. The result: Budget deficits, which have been declining in recent years as

August 27, 2015Howard Gleckman

Individual Taxes: TaxVox

Bigger, Cleaner, and More Efficient: A Carbon-Corporate Tax Swap

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. The United States could reduce its contribution to global climate change and increase domestic

November 21, 2014Donald Marron

Business Taxes: TaxVox

Is It Time to Repeal The Corporate Income Tax?

In case you missed it, The New York Times’ political and policy blog The Upshot published a fascinating debate throughout August on the question: Should the corporate income tax be abolished? It’s a query that may be raised on Monday morning, when Treasury Secretary Jack Lew speaks at the Tax

September 4, 2014Howard Gleckman

: TaxVox

Tax Freedom, Tax Avoidance

On the Hill, a vote on internet tax freedom. The House Judiciary Committee expects to mark up a bill to prevent states and cities from taxing internet access tomorrow. The “ Permanent Internet Tax Freedom Act ” has bipartisan support in both the House and Senate. State and local internet taxes have

June 17, 2014Renu Zaretsky

: TaxVox

On Losses, Savings… and a Whole Lotta Smokin’

With a surprise loss, a short-term highway fix seems more likely. The House Republican leadership is in turmoil following the surprising primary defeat of GOP leader Eric Cantor, making it even less likely that Congress will agree on a long-term solution for the dwindling Highway Trust Fund .

June 12, 2014Renu Zaretsky

: TaxVox

In the Midwest, Across the Pacific, and Down Under

Looks like there’ll be tax cuts in Ohio. The state’s legislature has produced a compromise bill that heads to Republican Governor John Kasich’s desk this week. Ohio had passed a 10-percent across-the-board income tax cut last year that was to be phased in by 2015. The compromise bill will make the

June 4, 2014Renu Zaretsky

Individual Taxes: TaxVox

Paying for Corporate Tax Rate Cuts is Hard

Covering the revenue loss from deep individual income tax rate cuts while maintaining the income tax’s current progressivity is difficult, as Howard Gleckman explained here...

August 13, 2013Roberton C. Williams

Campaigns, Proposals, and Reforms: TaxVox

Will Obama’s Views on Tax Reform “Evolve” Too?

Robin, thanks for asking me back on Good Morning America to talk about my views on tax reform. After we spoke about gay marriage, I...

May 10, 2012Howard Gleckman