TaxVox: Federal Budget and Economy

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

What Will the Debt Deal Mean for Tax Reform?

August 2, 2011 –
What will the debt deal mean for the future of tax reform? Sadly, nothing good. The budget agreement is, for tax reformers, a huge disappointment...
Federal Budget and Economy

The Budget Deal: A First, Wobbly Step

August 1, 2011 –
The new budget deal comes in two main parts. The first imposes cuts in discretionary spending of almost $1 trillion over the next decade. The...
Federal Budget and Economy

Unearned Interest in the Homebuyer Tax Credit

July 29, 2011 –
Taxpayers who took the 2008 tax credit for new homebuyers were unhappy when Congress made the credit much more generous in 2009 . People who...
Federal Budget and Economy

Required Reading for Budget Balancers: Bipartisan Solutions Available

July 28, 2011 –
Every morning I read essentially the same story in my newspaper– the national debt has hit the legal limit, and unless the debt ceiling is...
Federal Budget and Economy

What Would the Gang of Six Really Do to Taxes?

July 22, 2011 –
As my Tax Policy Center colleague Donald Marron noted the other day, trying to sort through the various baselines in the Gang of Six’s bipartisan...
Federal Budget and Economy

Compromise

July 21, 2011 –
The debt limit contretemps in Washington during these sweltering summer days threatens to end in financial disaster if Congress and the president can’t agree on...
Federal Budget and Economy

Why Does the Gang of Six Want to Repeal the CLASS Act?

July 21, 2011 –
The bipartisan deficit reduction plan proposed by the so-called “Gang of Six” senators includes very few specifics. Oddly, one would repeal the Community Living Assistance...
Individual Taxes

Does the Gang of Six Cut Taxes or Raise Them?

July 20, 2011 –
Here’s a quick multiple choice quiz about the Gang of Six’s new budget proposal. Over the next ten years, would the proposal: a. Cut taxes...
Individual Taxes

The Senate Gang of Six’s Budget Plan Aims at Taxes

July 20, 2011 –
The Senate’s bipartisan on again/off again Gang of Six has proposed an ambitious tax and spending package that closely follows the plan offered six months...
Federal Budget and Economy

Tom Coburn: Tax Subsidies Are Socialism

July 19, 2011 –
Give Sen. Tom Coburn(R-OK) credit. In a city where obfuscation and misdirection are the coin of the realm, the conservative Republican lets you know exactly...