Massachusetts

Congress Failed To Raise Taxes On Millionaires. Now States Are Trying.

President Biden’s plan to raise taxes on very high-income households died in Congress. But the idea of lives on. Initiatives on November ballots in California...

October 3, 2022Howard Gleckman

: TaxVox

Supreme Court Punts on State Tax Question About Remote Work

Today the Supreme Court announced it will not resolve a key question of state taxation: Should income tax dollars support where you work or where...

June 28, 2021Richard C. Auxier

: TaxVox

"The Long and Winding Road... Will Never Disappear..."

The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social

July 24, 2015Renu Zaretsky

: TaxVox

Big Talk, Growing Opposition

Can the Senate pass a highway bill? Last night, the Senate finally voted to begin debate on its version of a transportation bill. But it is in for a tough slog thanks in part to two GOP presidential hopefuls. Ted Cruz has threatened to tie the Iran deal to the measure. The Texan wants an amendment

July 23, 2015Renu Zaretsky

: Daily Deduction

Raising or Cutting Taxes: Go Big or Go Home

Did Jeb Bush promise his own tax reform? Kinda. With many other GOP presidential hopefuls vowing bold tax reform, observers were wondering whether the former Florida governor would follow suit in yesterday’s announcement speech. He didn’t. Instead, he merely pledged to “think big,” and promised “a

June 16, 2015Renu Zaretsky

: TaxVox

Rewarding Work, Paying by the Mile, a Windfall, and… Tax Magic  

Redesign the EITC to help more low-income workers. TPC’s Elaine Maag thinks that’s the way to go. She explains in her new paper : “A worker credit based on individual earnings, and not contingent on having children at home, could provide substantial benefits to all low-income workers, ease

May 21, 2015Renu Zaretsky

: TaxVox

On Tiny Steps, King Edward, and Hidden Assets

Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good. The senators argue that it’s a step toward a consumption tax. But Len thinks some small steps aren’

March 4, 2015Renu Zaretsky

: TaxVox

Congress Ties Up Loose Ends, Loosely

The Senate may soon send that retroactive tax-break bill to the President. The House passed it last week, and the Senate is expected to take up the measure this week. The House version would revive 50+ expired tax breaks only through the end of 2014. Tax Analysts reports that Dave Reichert, the

December 8, 2014Renu Zaretsky

: TaxVox

Tax Policy, Tax Outcomes: That’s Entertainment!

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then. “ California, here I come !” It’s official: Democratic Governor Jerry Brown signed into law a $330 million annual incentive program for film and television production. Feature films with budgets

September 22, 2014Renu Zaretsky