Taxes
Latest
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The Need for Fundamental Tax Reform
In our “Countdown to tax day” we have so far covered the pros and cons of a VAT, the limitations of only taxing income over $250,000, extending...
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Between the ‘Lines’: A Midweek Update
Up-Hill Battle for the Budget – Democratic leaders in Congress are floating the possibility that there will be no budget resolution this year, citing...
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Considering a Value Added Tax
With huge structural deficits looming in the future, many observers feel that the current tax code will not be able to raise enough revenue to balance...
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Can Only Taxing Income Over $250,000 Pay Off Our Debt?
President Obama has pledged not to raise taxes on individuals who earn under $200,000 a year or on couples earning under $250,000. It seems highly...
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Donald Marron to be new TPC Director
Today, the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institute, announced that Donald Marron will become the new...
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Turning the Tax Cuts into a Hammer
What to do about those pesky expiring tax cuts? Generally speaking, Republicans want to extend them all; Dems want to extend most of them; and no one...
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‘Line’ Items: Recess Over, Deadlines Loom
They’re Back – Congress returns from its spring recess this week. The Senate is back in session today and the first order of business is a cloture...
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New Types of Taxes
In counting down to tax day, we’ve already shown that we don’t raise as much in revenue as we spend, and how this is partially the result of costly...
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So What's Our Revenue Situation?
With tax day fast approaching, it's worth discussing the current state of revenues in the United States. Last year, revenue collection hit a 60-year...
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Coburn, Baby, Burn
The Hill reports that Senator Tom Coburn (R-OK) has promised to block all future spending bills that are not fully “paid for.” He currently is leading...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The Wall Street Journal questioned whether the economic recovery...
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‘Line’ Items: Hoops, Blossoms and Canaries
Health Care Makes it Through the Final Hoops – Congress completed work last week on the reconciliation package, which included fixes to the health...