Tax Policy Center

economic stimulus

Campaigns, Proposals, and Reforms: TaxVox

Should We Delay the Tax Cut Debate Until Early 2013?

Over the past week or so, Bill Clinton, Larry Summers, and Glenn Hubbard have all made the same suggestion: Congress should extend all of the...
June 7, 2012Howard Gleckman
Individual Taxes: TaxVox

The very unRepublican Small Business Tax Cut

My Tax Policy Center colleague Eric Toder and I are mystified by how unRepublican the House GOP’s Small Business Tax Cut Act really is. Sure,...
April 24, 2012Howard Gleckman
Federal Budget and Economy: TaxVox

Just How Big is the Payroll Tax Cut?

The 2-percentage-point payroll tax cut extended by Congress in December and again last week will save workers a total of $114 billion this year, according...
February 20, 2012Roberton C. Williams
Federal Budget and Economy: TaxVox

A Federal Umbrella for State Rainy Days?

As state legislatures return for what promises to be yet another difficult budget year , they ought to be starting to refill their rainy day...
January 17, 2012Brian Galle
Federal Budget and Economy: TaxVox

A Two-Month Payroll Tax Cut is Dumb, So Is How Congress Got There

House Republicans are right about one thing at least: Extending this year’s payroll tax cut for two months is ridiculous. The trouble is they are...
December 20, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

The 16-Percent Solution—Hard on the Rich

The fate of The Temporary Payroll Tax Cut Continuation Act of 2011 remains uncertain. But thanks to a carefully crafted technical change to the current...
December 19, 2011Roberton C. Williams
Federal Budget and Economy: TaxVox

Obama Had It Right the First Time: Bring Back the Making Work Pay Tax Credit

Last December, Congress replaced the two-year-old Making Work Pay tax credit (MWP) with this year’s payroll tax cut. That change cut taxes for higher-income workers,...
December 5, 2011Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox

The Democrat’s Millionaire Tax: Smart Politics, Awful Policy

Senate Democratic Leader Harry Reid’s plan to fund a $445 billion stimulus, err, jobs bill with a 5.6 percent surtax on millionaires is not all...
October 6, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

Obama’s Cap on Tax Deductions: Not What It Seems

It turns out that President Obama’s plan to limit the benefit of itemized deductions is much more than that. Not only would it reduce tax...
September 13, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

Unearned Interest in the Homebuyer Tax Credit

Taxpayers who took the 2008 tax credit for new homebuyers were unhappy when Congress made the credit much more generous in 2009 . People who...
July 29, 2011Roberton C. Williams