Taxes
Latest
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Debate over the 2001/2003 Tax Cuts Heats Up
Debate over the 2001/2003 tax cuts is centered on its economic and budgetary aspects and effects. The President has proposed extending the tax cuts...
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Boehner Speaks on Deficits and Taxes
House Republican Leader John Boehner (R-OH) gave an economic speech today that was billed as setting the policy table if Republicans gain control of...
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‘Line’ Items: Ghost Town Edition
Washington Empties Out – With both houses of Congress in recess and the president traveling, Washington feels deserted. The biggest news in DC is...
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‘Line’ Items: Coming and Going Edition
Gone and Back – The Senate has left for its August recess, the House will return this week (for a day). Congress will be back in session after Labor...
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The Importance of PAYGO
The Wall Street Journal reports that a package of tax extenders might have a harder time getting by the PAYGO regime. Since the planned offsets were...
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The Right Spending Target
A few weeks ago, Fiscal Commission co-chair Erskine Bowles suggested that in designing a plan, "revenue as a percentage of GDP [should not] be much...
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Extending the Tax Cuts: The Possibilities Are Endless!
Really they are. With the 2001/2003 tax cuts set to expire in five months, the topic is coming up with increasing frequency. Unlike with the estate...
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‘Line’ Items: Heat Wave Edition
If You Can’t Stand the Heat… – Washington has been experiencing a heat wave, but it can’t all be blamed on the friction between the two parties...
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Feldstein Discusses Tax Expenditures For Deficit Reduction
In an op-ed for the Wall Street Journal this Wednesday, Martin Feldstein discusses the pivotal role of tax expenditures in increasing the federal...
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Should We Pay for Tax Cuts?
The blogosphere exploded last week (see here and here) when a number of Republicans suggested that Congress need not offset the costs of tax cuts...
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Greenspan In Favor of Ending Bush Tax Cuts
Today, former Federal Reserve Chairman Alan Greenspan said in an interview that all of the 2001 Bush tax cuts, which he had previously supported...
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Senate Begins to Take on Taxes
What to do about the 2001 and 2003 tax cuts that are set to expire at the end of the year has been a critical question that Congress has largely...