Tax Policy Center

Tax Policy Center

Business Taxes: TaxVox
In recent days, President Obama has painted the risks of climate change in apocalyptic terms. Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, "entire nations will find themselves under severe, severe problems: More drought. More floods
September 1, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
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
Federal Budget and Economy: TaxVox
Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income
July 23, 2015Howard Gleckman
Individual Taxes: TaxVox
Just about every tax reform plan calls for cutting individual tax rates. But it turns out that a one percentage point across-the-board rate cut would benefit only about six out of 10 households. The biggest beneficiaries: those with the highest incomes. According to a new Tax Policy Center analysis
July 2, 2015Howard Gleckman
Individual Taxes: TaxVox
Unlike those GOP presidential hopefuls who say their tax reforms would raise the same amount of money as the current tax code, even when their actual proposals would not, Senator Rand Paul isn’t being shy. He’s promising a great big fat tax cut (described in this Wall Street Journal column). And
June 17, 2015Howard Gleckman
Individual Taxes: TaxVox
The other day, the Census Bureau put out a new report that concluded about one-in-five Americans received government benefits in 2012. But the study, called Dynamics of Economic Well-Being: Participation in Government Programs, 2009–2012: Who Gets Assistance, takes a far too narrow view about who
June 4, 2015Howard Gleckman
Business Taxes: TaxVox
Do you know about the No Climate Tax pledge ? I didn’t until I read a column over the weekend by the Washington Post ’s always-interesting Catherine Rampell. The vow is sponsored by Americans for Prosperity, a conservative political advocacy group closely associated with the Koch brothers. And it
June 2, 2015Howard Gleckman
Business Taxes: TaxVox
The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981. The question for philosophy class (this is far beyond economics) is this: Can something that has been
May 28, 2015Howard Gleckman
Individual Taxes: TaxVox
It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. As it happens
May 26, 2015Howard Gleckman
Individual Taxes: TaxVox
Back in the day—say 2011--tax fraud was pretty straightforward. Taxpayers deliberately understated income or overstated deductions to cheat the system for their own benefit. Not anymore. Now, a growing share of such fraud is about crooks using the identities of innocent taxpayers to steal money. If
May 14, 2015Howard Gleckman