Tax Policy Center

tax reform

Campaigns, Proposals, and Reforms: TaxVox
While GOP presidential hopeful Jeb Bush has been reluctant to describe his tax plan as a tax cut, economists close to him have not. And newly-released cost estimates of his tax reform plan -- and their consequences--are worth considering. The very short version: His plan would add at least a
September 10, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Jeb Bush has put forth a tax plan that is ambitious in design, comprehensive in scope, and fairly detailed for this stage of the campaign. In contrast to some of the wilder ideas that permeate the tax debate among Republicans, Bush’s proposal offers many interesting structural changes worthy of
September 9, 2015William G. Gale
Federal Budget and Economy: TaxVox
At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas.
September 9, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform : House Republicans insist they
September 8, 2015Howard Gleckman
Individual Taxes: TaxVox
While many Republican presidential candidates are promoting their versions of broad-based tax reform, Democratic frontrunner Hillary Clinton so far seems disinterested in fundamentally restructuring the code. Instead, she’d retain the framework of the current tax law, while tweaking the code to
August 11, 2015Howard Gleckman
: TaxVox
An outline of a safe plan: No sharp edges. Democratic presidential candidate Hillary Clinton shared her tax agenda yesterday, but as Howard Gleckman notes, most of her proposals are familiar , including a Buffett tax on very-high income households and small business tax relief. She did not endorse
July 14, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
After six months and two extensions, the Senate Finance Committee’s five tax reform working groups presented their reports today to panel chair Orrin Hatch (R-UT) and top Democrat Ron Wyden (D-OR). For the most part, they reached no consensus on either specific reforms or a broad design for overall
July 8, 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
In recent years, there has been a resurgence of interest in an old idea—a financial transaction tax, or FTT. In a new paper , The Tax Policy Center has taken an in-depth look at the pros and cons of the levy. We’ve found that even a modest tax would raise a lot of money, and that it would be quite
June 30, 2015Leonard E. Burman
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