Taxes
Latest
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Senator Cardin Proposes Reform With a Consumption Tax
Senator Ben Cardin (D-MD) introduced the Progressive Consumption Tax Act last week that would reform the tax code and change the way that tax revenue...
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Delaney Combines Tax Reform and Infrastructure...With a Twist
Tax reform has been an increasingly common way to pay for infrastructure spending in recent years. Both President Obama and outgoing House Ways and...
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Senator Coburn Publishes the Tax Decoder
Senator Coburn's office yesterday published the "Tax Decoder", a 300+ page guide describing more than 165 tax expenditures. The report highlights...
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Changing the Baseline Could Mean an Extra Trillion in Debt
Republicans and Democrats do not agree on much, but both parties are talking about business tax reform that is "revenue-neutral," raising the same...
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Finding Consensus on Tax Reform
Despite partisan differences in Washington, there's actually considerable bipartisan consensus around many elements of tax reform. That's the...
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Lew Takes On Inversions
Treasury Secretary Jacob Lew proposed administrative rules this week that would limit the benefits of tax inversions, where companies move their...
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Deficit-Financed Tax Cuts May be Counterproductive
A new paper suggests that tax cuts that add to the deficit provide little boost to economic growth and may actually hinder it. Last week, the Tax...
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More Interesting Charts from CBO Director Elmendorf's Presentation
Earlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University highlighting the increased resources...
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House Jobs Plan Doesn't Work for the Deficit
House Republicans plan to vote this week on a jobs package combining bills that would "build a robust economy and foster job creation." While...
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Inverting the Rewards of Inversions
Senators Chuck Schumer (D-NY) and Dick Durbin (D-IL) have introduced legislation that would reduce the benefits to companies that choose to "invert,"...
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The $1.8 Trillion Drop in Revenue Projections
With the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
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Inversions Reduce Revenue, But Extenders Cost More
Many policymakers have expressed concern about "tax inversions," transactions where American companies move their headquarters overseas in order to...