European Union

Can The Sanders Financial Transactions Tax Raise Trillions And Cut Speculation?

Can The Sanders Financial Transactions Tax Raise Trillions And Cut Speculation? Senator and Democratic Presidential hopeful Bernie Sanders (I-VT) has proposed an ambitious financial transactions...

July 1, 2019Howard Gleckman

Business Taxes: TaxVox

Could the EU’s Apple Tax Reboot Corporate Tax Reform in the US?

For years, corporate tax reform in the US has been dead in the water, in part because of deep disagreements within the American business community...

August 30, 2016Howard Gleckman

: TaxVox

It depends on what your definition of “pledge” is…

WWND: Louisiana lawmakers ask Grover Norquist to weigh in on Governor Bobby Jindal’s tax plan. Eleven members of the state’s House sent a letter to the head of Americans for Tax Reform. They call the SAVE tax credit —Jindal’s proposed tax credit for a non-existent student fee—a precedent that would

June 9, 2015Renu Zaretsky

: TaxVox

A Major Gift for TPC, Money Forsaken by Taxpayers, Or Given in Error

A transformative gift for TPC. The Urban-Brookings Tax Policy Center has established the Pozen Director’s Chair , thanks to a major gift from Robert C. Pozen. “I am glad to support… one of the few American organizations that consistently provides nonpartisan and thoughtful analysis of current tax

May 6, 2015Renu Zaretsky

: TaxVox

Plans, Priorities and Promises

The GOP calls for Affordable Care Act repeal in its budget resolution. The 10-year plan would cut planned spending by more than $5 trillion, retain the $1.017 trillion sequestration budget ceiling for 2016, and increase off-budget military spending. It would also use budget reconciliation to try to

April 30, 2015Renu Zaretsky

: TaxVox

On Budgeting, Patience, and Rube Goldberg

Out today: A first look at GOP budgets. The US hit its debt limit yesterday (at least technically), and the budget battles have begun. The Senate GOP budget resolution reportedly won’t include detailed plans to overhaul entitlement programs—though the House GOP plan may. The Senate Budget panel

March 17, 2015Renu Zaretsky

: TaxVox

Taxed Reactions and Revenue Rules

House GOP on the President’s tax proposals: “Meh.” House Ways and Means Chair Paul Ryan told Treasury Secretary Jack Lew yesterday that “You have gradually, grudgingly taken a few steps in my opinion in the right direction… It’s progress… Not a lot. But we’ll take it.” Ryan and his colleagues

February 4, 2015Renu Zaretsky

: TaxVox

Extenders at Home, Harmonies Abroad: Earworms (and Headaches) for All

The House may vote this week on a one-year retroactive tax break extension. Maybe you’ve heard this song before, but Bloomberg reports the GOP figures the bipartisan tax extender package proposed last week is in fact dead. As many as one in six taxpayers could be affected without an extension of

December 2, 2014Renu Zaretsky

: TaxVox

Pensions and Tax Bases: Realities and Hopes

The thing about pension smoothing: The bumps always come back. Neither the Committee for a Responsible Federal Budget nor TPC’s Len Burman will suspend disbelief when it comes to the latest gimmick to patch the Highway Trust Fund. Maybe “stupid tax tricks” work politically but “pretending to raise

July 10, 2014Renu Zaretsky

: TaxVox

Depreciation, Digital Economies, Carbon, and Oil

Appreciation for depreciation is really, really expensive. Perhaps unsurprisingly, the House Ways and Means Committee easily approved permanent restoration of bonus depreciation for capital investment yesterday. The Committee’s party-line vote would make permanent a measure to let companies write

May 30, 2014Renu Zaretsky