Tax Policy Center

Tax Policy Center

Individual Taxes: TaxVox

Do Private Equity Firms and their Partners Owe Ordinary Income Tax Under Today’s Law?

For a decade, Congress has been debating how to tax managers of private equity firms. The argument is pretty familiar to tax wonks: Should these...
June 25, 2013Howard Gleckman
Federal Budget and Economy: TaxVox

Tax Reform Bumps Into More Political Reality

If Congress is going to reform the tax code, it will take an enormous amount of hard work and a lot of luck. The stars,...
June 13, 2013Howard Gleckman
Individual Taxes: TaxVox

The Challenge of Cutting Deductions to Lower Tax Rates

Two interesting new papers from the Congressional Research Service highlight a major challenge faced by any tax reform that reduces itemized deductions to help pay...
May 28, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The Joint Committee’s Report on Tax Reform: Must-read for Policy Geeks

If you are a tax geek, or even a normal person who wants to keep up with the ongoing debate over restructuring the tax code,...
May 7, 2013Howard Gleckman
Individual Taxes: TaxVox

A New Way to Address the International Tax Mess

There may be no more vexing challenge in the Revenue Code than the taxation of foreign transactions of multinational companies. Most everyone agrees that the...
May 2, 2013Howard Gleckman
Individual Taxes: TaxVox

Will the Retirement of Max Baucus Open the Door to Tax Reform?

It has become conventional wisdom in Washington that the just-announced retirement of Senate Finance Committee Chairman Max Baucus (D-MT) boosts chances for tax reform in...
April 25, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

High Income Households Would Pay Most—But Not All—of the New Taxes in Obama’s 2014 Budget

The revenue proposals included in President Obama’s 2014 budget would, as intended, significantly raise taxes on the highest-income American households. However, despite Obama’s long-standing pledge...
April 22, 2013Howard Gleckman
Individual Taxes: TaxVox

The Economics of Corporate Rate Cuts are More Complicated than Politicians Think

It is an article of faith at the White House and among some congressional Republicans that while individual tax reform may be off the table...
April 2, 2013Howard Gleckman
Federal Budget and Economy: TaxVox

Is This a Good Time to Reform the Mortgage Interest Deduction?

Housing industry lobbyists often make the case that, whatever you think of the mortgage interest deduction, now would be a terrible time to eliminate or...
March 28, 2013Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Congress Has Not Passed A 2014 Budget, and Probably Won’t

You probably read stories over the weekend about how the Senate passed a 2014 budget just before dawn on Saturday morning, a day after the...
March 25, 2013Howard Gleckman