Tax Policy Center

tax cuts

Federal Budget and Economy: TaxVox
Even in its early stages, the 2016 presidential race looks like it will be remembered for two depressing superlatives. The candidates will spend more money than ever before, and they will promise more costly give-aways than any politicians in history. We’ll save the campaign finance story for
October 20, 2015Howard Gleckman
: TaxVox
On the Hill… The Senate and House passed funding bills to keep the government open through December 11, with just the usual minutes to spare. Now that that’s taken care of, the Senate Finance Committee holds a hearing today on improper payments in federal programs. Comptroller General of the United
October 1, 2015Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
GOP presidential candidate Jeb Bush offered a tax plan last week that he says “eliminates the marriage penalty.” But it may not help many low-income working families. A married couple is penalized if it pays more tax filing a joint return than if each spouse could file individually. Conversely,
September 16, 2015Roberton C. Williams
Individual Taxes: TaxVox
Ever since the 1970s, when Jude Wanniski and Arthur Laffer came up with the ideas that are now referred to as supply-side economics, conservative politicians have been unable to resist the siren song of tax cuts for big earners. In recent years, this enthusiasm has spread to state governments led
July 29, 2015William G. Gale
Individual Taxes: TaxVox
Last week, I blogged on the many GOP presidential candidates who are talking about tax reform rather than tax cuts. This week, tax historian Joe Thorndike published a rebuttal on the Tax Analysts blog and on Forbes.com . Joe, who is very much in the watch-what-they-do-not what-they-say (WWTDNWTS)
May 19, 2015Howard Gleckman
: TaxVox
A short road too often traveled. Federal highway funding is due to expire in about two weeks, and Transportation Secretary Anthony Foxx says a temporary extension—the 33rd in six years—would “prolong a dangerous status quo of funding infrastructure at a level that has left our transportation system
May 13, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
The silence is deafening. Remarkably, Republicans lining up to run for president aren't talking about cutting taxes. Tax reform? Sure. Rate cuts? Absolutely. But so far at least, national Republicans seem more willing to tackle same-sex marriage than big Ronald Reagan/George W. Bush-style tax cuts
May 12, 2015Howard Gleckman
State and Local Issues: TaxVox
Texas is cutting taxes this year. Although we do not yet know exactly what will get cut because the House and Senate are sorting out competing bills , we already know the outcome: Better-off Texans will get more tax relief dollars than low-income residents of the Lone Star State. Why? Because Texas
May 6, 2015Richard C. Auxier
Federal Budget and Economy: TaxVox
It turns out that tax cuts for the job creators...don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an
April 21, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major
February 27, 2015Donald Marron