TaxVox

Five Take-Aways From CBO’s Budget Outlook

April 10, 2018 –

The headline from the updated budget and economic outlook released yesterday by the Congressional Budget Office was no surprise: The combination of the tax cuts...

The Fiscal Picture Is Worse Than It Looks – And It Looks Bad

April 10, 2018 –

On the surface, CBO’s new projections of the federal debt and deficits over the next 10 years paint a troubling picture. But, dig deeper and...

Federal Budget and Economy

Donald Lubick: Public Servant

April 6, 2018 –

The Tax Policy Center is hosting its third annual Symposium in honor of Donald C. Lubick. Given the chaos that defines tax policy these days,...

Business Taxes

The Post-TCJA’s Race To the Bottom

April 5, 2018 –

Corporations, owners of partnerships and other pass-through businesses, and millions of ordinary individual taxpayers are scrambling to understand how the Tax Cuts and Jobs Act...

State and Local Issues

The Case of the Plastic Bag Tax: Why don’t we all carry that weight?

April 4, 2018 –

What do you use when you check out at the grocery store? What does it cost a person to stop using plastic bags?

Federal Budget and Economy

Pete Peterson and Our Chaotic National Debates

April 3, 2018 –

Each person’s death gives us a moment to pause and ask what lessons their lives offer for us. Here is a lesson from the life...

Individual Taxes

The IRS Audit Rate is Plummeting. Does It Matter?

April 2, 2018 –

The IRS has reported that its overall audit rate is continuing to fall , especially for businesses and high-income individual taxpayers. The Service audits less...