Ron Wyden

How Democrats Who Want To Tax The Very Wealthy Are Taking A Page From Thomas Paine

Did President Biden and other Democrats read 18 th century revolutionary Tom Paine before they proposed their taxes on extreme wealth? Hard to know, but...

May 10, 2022Howard Gleckman

Individual Taxes: TaxVox

The Many Ways To Tax The Rich

How to tax the rich? Let us count the ways. New taxes on capital income? Higher income tax rates? A wealth tax? Some mash-up of...

March 31, 2022Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

What Will a Narrow Democratic Congress Mean for Joe Biden’s Tax Agenda?

With improbable Democratic wins in both Georgia Senate runoff elections, President-elect Joe Biden has an opportunity to govern with a congressional majority—though one that will...

January 6, 2021Howard Gleckman

Individual Taxes: TaxVox

Don't Try To Mark To Market Capital Gains. Tax Unrealized Gains At Death Instead

Wealth taxation by other means

November 21, 2019Howard Gleckman

: TaxVox

The Senate Democrats’ Plan To Expand Refundable Tax Credits For Working Families Builds On Existing Ideas

Senate Democrats have rallied around the Working Families Tax Relief Act (WFTRA) that would significantly expand the Earned Income Tax Credit (EITC) and more modestly...

April 22, 2019Elaine Maag

: TaxVox

My Advice To The Senate Finance Panel About Tax Reform

On July 18, four former assistant Treasury secretaries for tax policy testified before the Senate Finance Committee on the prospects and challenges of achieving tax...

July 19, 2017Mark J. Mazur

Campaigns, Proposals, and Reforms: TaxVox

Top Ways & Means Staffer Janice Mays Surveys The Future of Tax Reform

Top Ways & Means Staffer Janice Mays Surveys The Future of Tax Reform Last week, Politico’ s Brian Faler did a great interview (paywall) with Janice Mays, the long-time Democratic staff director for the House Ways & Means Committee. Janice, who has just retired after a remarkable 40 years

May 31, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Wyden Pursues Tax Reform for Derivatives, which is Long Overdue

Yesterday, top Senate Finance Committee Democrat Ron Wyden proposed major changes in the taxation of financial derivatives, contracts such as swaps, options, and forwards that derive their value from an underlying asset or index. The key to his proposal is a requirement that dealers annually mark-

May 19, 2016Steven M. Rosenthal

: 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

Senate Democrats Would Take Some Small Steps To Clean Up Energy Tax Breaks

A group of 28 Senate Democrats has proposed a major new energy bill that includes what they call significant reforms in the dozens of tax breaks aimed at encouraging the production and use of clean energy. I’ll let real energy policy experts speak to the broader bill, but the tax provisions are

September 21, 2015Howard Gleckman