TaxVox: Federal Budget and Economy

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

What Happens if Congress Extends Tax Cuts for Those Making $500,000?

November 20, 2012 –
What would happen if Congress extends the 2001-2010 tax cuts for couples making $500,000 or $1 million-a-year instead of $250,000 or less, as President Obama...
Federal Budget and Economy

Understanding President Obama’s Revenue Targets

November 16, 2012 –
President Obama and administration officials have offered two different revenue targets for the fiscal cliff debate: $1 trillion and $1.6 trillion (sometimes reported as $1.5...
Federal Budget and Economy

Can Congress Raise Taxes on the Rich without Raising Their Rates? Maybe

November 15, 2012 –
At his press conference yesterday , President Obama said it is nearly impossible to raise taxes on the wealthy (a key piece of his fiscal...
Federal Budget and Economy

Congress Can’t Avoid Tax Rate Hikes By Closing “Loopholes”

November 13, 2012 –
You can tell when Congress and the President have tough choices to make. That’s when they trot out the euphemisms—all aimed at making what they...
Individual Taxes

Washington Starts To Dance Away from the Fiscal Cliff

November 9, 2012 –
So the dance begins. President Obama, House Speaker John Boehner (R-OH), and various other lawmakers are starting to lay down their markers as they look...
Campaigns, Proposals, and Reforms

Which presidents spend the most? You might be surprised.

November 2, 2012 –
Part of the election debate is about who can be trusted to tame the debt. Both candidates promise to be fiscally responsible and both provide...
Campaigns, Proposals, and Reforms

A Disappointing Presidential Campaign Comes to an End

November 1, 2012 –
With the U.S. facing huge domestic policy challenges, one might have hoped for a serious debate on fiscal issues between Barack Obama and Mitt Romney...
Individual Taxes

Protecting the Child Tax Credit at the Fiscal Cliff

October 25, 2012 –
The Child Tax Credit (CTC), a key piece of the safety net for low- and moderate-income families, is in jeopardy as the nation hurtles towards...
Federal Budget and Economy

Fiscal Cliff, the Video

October 3, 2012 –
The fiscal cliff is big (more than $500 billion in scheduled tax increases in 2013) and complicated (involving literally dozens of tax provisions, not just...
Federal Budget and Economy

Will Going Over the Fiscal Cliff Make a Budget Deal Possible?

October 2, 2012 –
This afternoon, I moderated an Urban Institute panel on taxes and the fiscal cliff. The fundamental question on the table: Will Congress have to tumble...