Taxes
Latest
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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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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The Wall Street Journal noted the lessons that the United States...
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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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Spending by Any Other Name Smells as Sweet: Tax Expenditures
In the complexity that is our tax system, there’s a special group of tax law provisions that significantly change how the regular tax rates affect...
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Bottom Line Counts Down to Tax Day
Those who are yet to file their tax returns know full well that April 15 ( Tax Day) is fast approaching. In the mad rush to complete the paperwork...
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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...