Mitch McConnell

: TaxVox

Comparing Estimates of the Macroeconomic Effects of Tax Policy: Growth Rates vs. Levels

In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...

December 14, 2017Benjamin R. Page

Trump’s Choice: A Wall Or a Tax Cut

The many promises President Trump made last night in Phoenix included a tax cut for business and middle-class families, and congressional approval of taxpayer money...

August 23, 2017Howard Gleckman

Individual Taxes: TaxVox

Tax Cuts In McConnell’s Latest Health Plan Are Less Regressive

The revised version of Senate Majority Leader Mitch McConnell’s health bill would retain the Affordable Care Act’s 3.8 percent Net Investment Income Tax and its...

July 13, 2017Howard Gleckman

Individual Taxes: TaxVox

The Senate Leadership’s Health Plan Would Benefit High-Income Households, Hurt Those With Low Incomes

The changes in taxes and health care benefits in Senate Majority Leader Mitch McConnell’s alternative to the Affordable Care Act would leave lower-income households worse...

July 11, 2017Howard Gleckman

: Daily Deduction

What comes after a big night for Clinton and Trump?

Clinton, Trump sweep Super Tuesday primaries. Clinton collected 453 delegates, Trump rounded up 203. But neither landed a knock-out punch. So... on to the next round: 18 delegate-rich contests through March 15 that could largely decide both party races. Maybe voters in Michigan and Missouri will be

March 1, 2016Renu Zaretsky

Federal Budget and Economy: TaxVox

What Can Congress and President Obama Accomplish in 2016?

Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by

January 4, 2016Howard Gleckman

Federal Budget and Economy: TaxVox

The Debt Limit: Here We Go Again

In less than a month—and in perhaps as little as 18 days-- the federal government will be unable to pay its bills. Realistically, there is only one way to avoid such a fiscal mess: Congress must raise the federal debt limit so Treasury can borrow more money. But how will that happen? On one hand,

October 15, 2015Howard Gleckman

: TaxVox

Thirty days, goodbye September, shutdown talks? Maybe in December.

About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations , and the House is on

September 30, 2015Renu Zaretsky

Federal Budget and Economy: TaxVox

How Did the Gas Tax Lose Its Mojo, Even Among Conservatives?

With just a few days left before federal funding for highway programs expires, the Senate is debating all sorts of amendments to an extension-- from export subsidies to the Affordable Care Act. But there is one subject it will not debate—the gas tax. Except for a handful of lawmakers, nobody in

July 27, 2015Howard Gleckman

: 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