Taxes
Latest
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The 1986 Tax Reform Act Turns 27
On this day 27 years ago, President Ronald Reagan signed into the law the Tax Reform Act of 1986, which stands as the last major overhaul of the US...
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On Income Tax's 100th Birthday, Time for Another Look
Today marks the centennial anniversary of the federal income tax, signed into law on October 3, 1913 by President Woodrow Wilson. Though this date...
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House CR Would Worsen the Deficit by Repealing the Medical Device Tax
As we explained this morning, the House of Representatives recently passed a continuing resolution funding the government at FY 2013 levels through...
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Senator Levin Presents Ideas for Sequester Replacement
Last week, Senator Carl Levin (D-MI) introduced legislation that would increase taxes on multinational companies, and suggested that the revenue...
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Senator Mike Lee Introduces Tax Reform Plan
On Tuesday, Senator Mike Lee (R-UT) presented his Family Fairness and Opportunity Tax Reform Act, which will be introduced in the coming days. Senator...
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The Tax Break-Down: Section 199, the Domestic Production Activities Deduction
This is the fifth post in our blog series, The Tax Break-Down, which will analyze and review tax breaks under discussion as part of tax reform. Last...
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Tax Policy Center: Fewer Americans Pay No Federal Income Tax
One area of controversy in the last election was the percentage of American households that pay no federal income tax, often cited as 47 percent. The...
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Tax Reform Targets Corporate Breaks
The broad outlines of tax reform have always been clear. Lawmakers trim or eliminate certain tax expenditures and use some or all of the additional...
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The Tax Break-Down: Preferential Rates on Capital Gains
This is the third post in a new CRFB blog series The Tax Break-Down, which will analyze and review tax breaks under discussion as part of tax reform...
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An Example of Reforming Beyond Tax Expenditures: Executive Compensation
Before leaving for August recess, Senators Jack Reed (D-RI) and Richard Blumenthal (D-CT) introduced S. 1476, which would end the ability of...
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Tax Reform on the Daily Show
John Oliver, interim host of The Daily Show with John Stewart, opened last night's program with an update on tax reform. The segment is hilarious, but...
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Weinstein: Make Taxes Simple
As Senate Finance Committee Chairman Max Baucus (D-MT) and House Ways & Means Chairman Dave Camp (R-MI) continue their cross-country tax reform...