Taxes

Paying for the Extenders

With so many provisions set to expire at the end of the year, CRFB has released a new paper that details what lawmakers have to extend and how they can do it in a fiscally responsible way.

Questions for the Candidates

This Saturday in Des Moines, Iowa, the Republican presidential candidates will debate for one of the last times before the Iowa caucuses on January 3. The Committee for a Responsible Federal Budget has several questions we would like to see the candidates answer.

Another Proposal to Extend the Payroll Tax Cut and Other Policies

Finding a way to extend the payroll tax cut, along with the many other expiring provisions this year, continues to be a dominating issue for Congress as 2011 comes to an end this month. A bipartisan proposal that includes a one-year extension of the tax cut was introduced yesterday by Sen. Susan Collins (R-ME) and Sen. Claire McCaskill (D-MO).

Spotlight on the States: Internet Sales Tax

Breaking from traditional posts in our Spotlight on the States series, this blog focuses not on one state's budget, but on an issue that directly affects nearly every state's budget: the collection of sales tax from internet sources. For the past ten years, internet sales have skyrocketed as more and more shoppers take their shopping to the web.

Senate Working to Extend Payroll Tax Cut

Today, Senate Majority Leader Harry Reid (D-NV) unveiled another proposal for how to both extend and expand the payroll tax cuts and pay for them, building on the two proposals last week from Senate Republicans and Senate Democrats who both called for paying for any payroll tax cuts, albeit with different offsets. Both of those proposals were voted down in the Senate, so Reid's latest bill is an attempt at compromise.

Sen. Portman to Propose Corporate Tax Reform Early Next Year

At an American Enterprise Institute event yesterday, Sen. Rob Portman (R-OH) announced that he will unveil a plan to reform the corporate tax code in early 2012. Sen.

Paying for Any Payroll Tax Cuts

Later this week, Senate majority leader Harry Reid is expected to hold a vote on the two largest components of President Obama’s jobs bill, totaling $250 billion of the $450 billion proposal.

Deja Vu All Over Again: Another Busy December

News flash: Congress has a huge checklist to take care of. Many expiring tax provisions need to be dealt with, along with other temporary policies and the FY 2012 budget.

Doesn't this sound a lot like last year? Back in 2010, lawmakers had to deal with the 2001/2003 tax cuts, the doc fix, the AMT patch, unemployment insurance, tax "extenders", and FY 2011 appropriations -- in addition to a whole host of other non-budget-related issues -- in December.

Again on the Facts of the Chained CPI

It's amazing how sequences in Washington can repeat themselves. 

Yes, Actually, We Can (at the Very Least) Make Corporate Tax Reform Revenue Neutral

As policymakers look to "Go Smart" in putting together a deficit reduction package, there is no better place to look than tax reform; and in particular, corporate tax reform.

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