A major goal of last December’s Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 (aka extending the Bush-era tax cuts) was to...
In his speech yesterday to the U.S. Chamber of Commerce, President Obama doubtless pleased many in his audience by repeating the business community’s favorite mantra...
At last Wednesday’s hearing on tax reform, three witnesses--Rosanne Altshuler, Larry Lindsey, and I--invoked a famous rule of thumb about taxes. We each told the...
Many retirees were surprised when their January pension checks were smaller than their December payments. Pension plans had increased withholding for federal income tax, shrinking...
Both President Obama and congressional Republicans want to cap some domestic spending programs as a way to reduce the budget deficit. Leaving aside for the...
This morning I appeared at a Senate Budget Committee hearing, "Tax Reform: A Necessary Component for Restoring Fiscal Sustainability." My full testimony, "Cutting Tax Preferences...
Washington has gotten deficit religion, or at least that’s what you’d infer from recent rhetoric. From the president to congressional leaders to the newest representative...
Three related issues dominate budget talk in Washington these days: eliminating the deficit, cutting spending, and reforming the tax system. Achieving the first will require...
On a purely rhetorical level, President Obama gave a terrific State of the Union address last night. He delivered the usual laundry list of promises...
