Tax Policy Center

VAT

: TaxVox

How A VAT Could Tax The Rich And Pay For Universal Basic Income

The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...
January 30, 2020William G. Gale
Individual Taxes: TaxVox

Washington’s Theater of Infrastructure: The Trick Is To Get The Joke

Yesterday was a classic example of Washington theater at its best. House Speaker Nancy Pelosi and top Senate Democrat Chuck Schumer left a White House...
May 1, 2019Howard Gleckman
Business Taxes: TaxVox

President Trump’s Ever-Evolving Views on International Taxes

In an interview yesterday with Maria Bartiromo of Fox Business, President Trump suggested he’d propose a “reciprocal tax” on foreign imports. It is not clear...
April 13, 2017Howard Gleckman
Business Taxes: TaxVox

Five Practical Challenges Of A House-Style Border Adjustable Cash Flow Tax

While House and Senate GOP leaders still insist they can enact a major tax reform this year, tax experts predict it could take years for...
February 7, 2017Howard Gleckman
Business Taxes: TaxVox

Understanding the Republicans’ corporate tax reform proposals

Republicans in the House are proposing sweeping corporate tax reform . Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses. The new tax would be border-adjustable – taxing imports and exempting exports.
January 10, 2017William G. Gale
Federal Budget and Economy: TaxVox

The 2016 Tax Vox Lump of Coal Award for the Year's Worst Tax Ideas

Donald Trump is not only President-elect, but he is also the hands-down winner of Tax Vox’s Lump of Coal Award for the worst tax policy...
December 20, 2016Howard Gleckman
Federal Budget and Economy: TaxVox

A value added tax is not a trade barrier

Donald Trump peddled an economic fallacy in Monday night’s Presidential debate by suggesting that Mexico’s value added tax, or VAT, gives its producers an advantage...
September 28, 2016Eric Toder
Campaigns, Proposals, and Reforms: TaxVox

Swapping The Employer Share of The Payroll Tax For a Consumption Tax

Would you be willing to swap a new, broad-based consumption tax for your employer’s share of the Social Security and Medicare payroll tax? According to...
July 6, 2016Howard Gleckman
Business Taxes: TaxVox

A Broader Perspective on Corporate Tax Reform

Just about everyone wants to redesign the corporate tax, but there is little agreement among lawmakers or policy analysts on how to pay for such a reform. At a Senate Finance Committee hearing today , Tax Policy Center co-director Eric Toder urged lawmakers to think beyond the traditional cut-the-rates, broaden-the-base solution.
April 26, 2016Howard Gleckman
Federal Budget and Economy: TaxVox

Rubio’s Ambitious Consumption Tax Would Reduce Revenue by $6.8 Trillion, Give Most Benefits to the Highest-Income Households

Senator Marco Rubio would convert the income tax into a progressive consumption tax, an ambitious idea that would eliminate the income tax’s penalty on saving. However, a new Tax Policy Center analysis finds that Rubio’s version would slash federal tax revenues by $6.8 trillion over the next decade
February 10, 2016Howard Gleckman