Taxes
Latest
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Can We Fix the Debt Solely by Taxing the Top 1 Percent?
A popular suggestion is that raising taxes only on high earners (for example, the top one percent – households that make above roughly $435,000...
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Do Tax Cuts Pay For Themselves?
Some advocates of tax cuts have suggested such cuts will not lose revenue since they will spur economic growth and thus produce enough additional tax...
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Fiscal FactCheck: 16 Budget Myths to Watch Out For in the 2016 Campaign
Update: The original version of this paper had a mathematical typo, saying that Medicare beneficiaries get, on average, 350% more out of the program...
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JCT Confirms: Dynamic Scoring Doesn't Make Extenders Look Much Better
Lawmakers have so far been reluctant to pay for the group of temporary tax cuts known as the " tax extenders," instead generally just adding the cost...
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Will Tax Increases Cripple Economic Growth?
One common argument against increasing tax revenue is that it requires raising marginal tax rates, which could severely damage economic growth by...
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Finance Committee Approves Extenders, Adds to Debt
The Senate Finance Committee today approved a package of 50-plus tax breaks that expired last year known as "tax extenders." Unfortunately, they chose...
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Inversions Come Up As An Offset Possibility
The House Budget Committee Democrats jumped into the transportation debate last week with a proposed surface transportation reauthorization that...
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Second Half of the Year Means Plenty of Fiscal Speed Bumps Ahead
As we move past the midpoint of 2015, several fiscal deadlines are fast approaching. Congress is preparing to act on two important Fiscal Speed Bumps...
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Finance Committee Provides Its Framework for International Tax Reform
The Senate Finance Committee has been working all year in five bipartisan working groups on tax reform, and today they have reports to show for it. Of...
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New Discussions on a Carbon Tax
The Tax Policy Center (TPC) recently released a primer on carbon taxes. The report outlines how the construction of a carbon tax matters for its...
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Levin, Baldwin Introduce Bill to Close Carried Interest Loophole
Ways and Means Ranking Member Sander Levin (D-MI) and Senator Tammy Baldwin (D-WI) have introduced a bill to close a well-known tax loophole that...
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A Comparison of the House and Senate Trade Bills
The House is considering trade legislation (H.R. 1314, H.R. 1295, and H.R. 644) this week that would fast-track authority for a few major trade deals...