Tax Policy Center

Tax Policy Center

Federal Budget and Economy: TaxVox
The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A
January 26, 2015Howard Gleckman
Individual Taxes: TaxVox
It is an article of faith among many tax reformers that the U.S. should shift from a worldwide tax system to a territorial regime in which U.S.-based multinational corporations pay U.S. tax only on their domestic income. Such a step would reduce or eliminate tax on the dividends these firms receive
January 22, 2015Howard Gleckman
Individual Taxes: TaxVox
As you might have noticed, the Urban-Brookings Tax Policy Center website just had a makeover. It’s the beginning of a process that will make our careful nonpartisan analysis more engaging and easier to find and use. First, we have designed a new logo and have given TaxVox a new look. And you will
January 7, 2015Leonard E. Burman
Individual Taxes: TaxVox
Last night, the House Republican leadership proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. But there may be less to these new rules for so-
December 24, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Any close observer of the making of tax policy can see it: Lawyers and economists looking at the same issue through entirely different prisms. I’ve been fascinated by how their respective brains work, and why they have so much trouble communicating with one another. It turns out I am not alone. In
October 23, 2014Howard Gleckman
Individual Taxes: TaxVox
When Mitt Romney released his tax return information during the 2012 presidential campaign, many of us were introduced to the world of supersized IRAs. Romney somehow had a tax-preferred retirement nest egg valued at $101 million. Maybe he got there by making standard annual contributions and
October 14, 2014Howard Gleckman
Individual Taxes: TaxVox
Nearly one-third of all federal tax expenditures--$384 billion in 2013 alone-- is aimed at various forms of asset building, such as retirement savings, higher education, and home ownership. Yet, according to research by several of my Tax Policy Center and Urban Institute colleagues, these tax
October 7, 2014Howard Gleckman
Business Taxes: TaxVox
Washington is going through another one of its periodic calls for business tax reform. But new research by my Tax Policy Center colleague Joe Rosenberg shows just how hard it is to separate business taxation from the individual tax code. And it should serve as a warning to those who think Congress
October 2, 2014Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
A poll released today by the conservative Hudson Institute and the liberal group Public Citizen finds that nearly 9 in 10 voters surveyed favor clear rules that define political activities by non-profit tax-exempt organizations. The public’s desire for clarity is not surprising, given the amount of
September 30, 2014Howard Gleckman
Business Taxes: TaxVox
Will Treasury’s new rules stop the wave of corporate tax inversions? No they won’t. Treasury Secretary Jack Lew acknowledged as much when the agency proposed the curbs yesterday. Will they slow the practice? Perhaps, but even that is not certain. In a perverse way, Treasury’s most effective weapon
September 23, 2014Howard Gleckman