Tax Policy Center

tax reform

Campaigns, Proposals, and Reforms: TaxVox
Critics are blasting Donald Trump for saying his tax plan would be open to negotiation should it ever get to Congress. There are plenty of reasons to criticize the presumptive GOP presidential candidate, but a willingness to find a middle ground on an important policy issue should not be one of them. How did stating the obvious become a political sin?
May 10, 2016Howard Gleckman
Individual Taxes: TaxVox
Hillary Clinton and Bernie Sanders both want to create ambitious new government programs to help middle-income families with medical and education costs and family leave. Both say they’d pay for those initiatives by raising taxes. But there is an important difference between them: Clinton would
January 12, 2016Howard Gleckman
Federal Budget and Economy: TaxVox
Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by
January 4, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center. Nearly all households would get a tax cut under the plan, averaging about $5,100 in
December 22, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
While Republican presidential hopefuls were debating in Las Vegas, congressional leaders announced they had agreed to restore and extend dozens of special interest tax cuts—many permanently. And those GOP candidates for the White House? They’ve promised to repeal nearly all of the tax breaks
December 16, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
The presidential election is nearly a year away, but many candidates have already rolled out detailed tax reform plans. On the GOP side, we’ve seen proposals from Jeb Bush (the subject of a rigorous Tax Policy Center analysis ), Marco Rubio, Ted Cruz, and Donald Trump, among others. Among Democrats
December 15, 2015Harvey Galper
Federal Budget and Economy: TaxVox
Last night’s GOP presidential debates ( here’s a transcript of the main event) highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not. Nearly all would preserve deductions for mortgage interest and
November 11, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
At a Tax Policy Center conference on tax reform yesterday, Jason Furman, the chair of the President’s Council of Economic Advisors, said that a major rewrite of the tax code would make little progress until Congress breaks the current impasse over the treatment of pass-throughs-- firms such as
November 4, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
It is presidential primary season and once again the tax code is a punching bag for politicians on both sides of the aisle. Listen to their rhetoric and it’s easy to conclude that the tax policy differences in today’s hyperpartisan political environment are so great that reform is doomed. But it
November 1, 2015Jonathan AckermanRosanne AltshulerJeffrey Kupfer
Federal Budget and Economy: TaxVox
Paul Ryan has been an enthusiastic supporter of tax reform for years. Will his elevation to House Speaker make reform more likely? Perhaps, but not any time soon. Reform efforts got two big boosts this week. The first was the GOPs decision to choose Ryan to lead the House. The second was outgoing
October 29, 2015Howard Gleckman