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Campaigns, Proposals, and Reforms

New Buyback Excise Tax Snares Foreign Investors

August 16, 2022 –
The Inflation Reduction Act (IRA) approved by Congress last week included a new 1 percent stock buyback excise tax on US publicly traded corporations. Many...

The COVID-19 Crisis Reveals The President’s Misplaced Budget Priorities

June 9, 2020 –
Presidential Budgets reveal much about the priorities of an administration. President Trump’s fiscal year 2021 budget, released in early 2020, proposes almost no additional resources...
Campaigns, Proposals, and Reforms

Remembering Paul O'Neill

April 22, 2020 –
Remembering Paul O’Neill If President George W. Bush expected Paul O’Neill to spend his time as Secretary of the Treasury polishing his resume and promoting...
Federal Budget and Economy

Trump’s 10 Year Revenue Estimates Would Fall By At Least $3 Trillion With Realistic Economic Assumptions

February 12, 2020 –
The Trump Administration would miss its revenue targets by at least $3 trillion under more realistic economic assumptions...

Alice Rivlin: The George Washington Of The Congressional Budget Office

June 20, 2019 –
On June 21, the family and friends of Alice Rivlin will join with much of Washington’s public policy community to celebrate her life and extraordinary...
Federal Budget and Economy

Temporary Tax Policy in the U.S.

March 19, 2019 –
Last week, I testified before the House Ways and Means Subcommittee on Select Revenue Measures on the topic of temporary tax policy. The panel called...

Tax Protests and Business Boycotts: History Repeats, Maybe.

June 6, 2018 –
Independence Day has me thinking about tax protests. One, in Boston, shaped our nation’s history. Another is still taking shape in Seattle. Both reflect our complicated relationship with taxes and those who levy them. But that’s where similarities end. If you were a taxpayer participating in either, what might you do?

So Far, The TCJA Seems To Be A Modest Plus For The Economy, But Evidence Remains Limited

March 26, 2018 –
For all the hype about more take-home pay, new corporate investment, and bonuses in the wake of the Tax Cuts and Jobs Act (TCJA), what...

Nine Things to Know about the House GOP Tax Plan

November 3, 2017 –
The House Ways and Means committee released its long-anticipated tax proposal yesterday, the Tax Cut and Jobs Act (TCJA). The plan offers a sweeping set...

Foreign Investors Win Big, Tax-free

October 31, 2017 –
Last week, I described how, in the short run, foreign investors would receive 35 percent of the benefits of the lower corporate income tax rates...

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