Taxes

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.

The Results Are In

Rick Perry's tax reform plan has inspired a lot of discussion in the past week, but it left people wondering how much revenue it would raise. He recently had a consulting firm run the numbers on his plan using both static and dynamic analyses. Here we will focus more on the static numbers. In a perfect world dynamic scoring would be the way to go, but there remains too much disagreement on how best to do it. And the analysis memo doesn't give enough insight into its methodology for us to judge.

Rick Perry's Plan for Taxes and Economic Growth

Earlier today, Texas Governor and Republican presidential candidate Rick Perry announced details of his "Cut, Balance and Grow" plan for spending and tax reform.

MY VIEW: Perspectives on the Tax Reform Act of 1986

The Tax Reform Act of 1986 turned 25 on Saturday, prompting a number of commentators to write their perspective on the reform. We will highlight three specifically, focusing on the lessons from the 1986 Act, the possible economic effects, and why we should/how we can produce a similar reform effort today.

Gene Steuerle: Tax Reform - Lessons from History

Herman Cain's 9-9-9 Plan

Republican presidential candidate Herman Cain's economic plan received a lot of attention at Tuesday night's debate. Regardless of what one thinks about the plan itself, the fact that it generated so much discussion is a positive development. With so many voters justifiably concerned about the economy and yearning for their leaders to adopt sound policies that will spur growth in the short and long-run, the focus on Cain's plan underscores the dearth of concrete ideas from policymakers and the public's desire for action.

Tax Cuts Mostly Explain Low Revenue

The usual story about the recent historical low in revenue we have seen over the past three years is due to the recession. After all, revenue was at 19 percent of GDP before the recession and is projected to rise back above its 40-year historical average later this decade (even with the 2001/2003 tax cuts extended).

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