The "fiscal cliff" deal tells two important stories – Gleckman writes – one about budget policy and the other about budget politics.
TaxVox's Lump of Coal Awards covers a broad swath of fiscal policy missteps for the year.
In trying to reach a compromise on the 'fiscal cliff,' Democrats and Republicans seem determined to protect millions of high-income people from paying more taxes. But the working class could easily end up paying more.
Fiscal cliff talks are at an impasse, and there has been talk that House Republicans will pass the Middle Class Tax Cut Act approved by the Senate last summer. It's a problematic and ineffective idea.
With income tax deduction caps among the ideas considered in the fiscal cliff debate, the challenge becomes to raise revenue without discouraging giving, Gleckman writes.
Politicians can fight over whether some households should be exempt from tax increases, Gleckman writes, but can they at least stop claiming that 98 percent of us are middle-class?
When Congress has tough decisions to make, they trot out euphemisms like fiscal cliff, tax loopholes and entitlements, Gleckman writes.
Democrats and Republicans may say they're far apart, but both sides are looking for a deal on the fiscal cliff, Gleckman writes.
With his reelection Tuesday, President Obama faces a second term full of painful choices on issues ranging from the fiscal cliff to Medicare and Medicaid, Gleckman writes.
Gleckman asks: How do both presidential candidates get away with dodging critical fiscal issues on the campaign trail? We let them, he answers.
Howard Gleckman offers a breakdown of Republican presidential candidate Mitt Romney's proposed tax plan.
Gleckman offers a description of what President Barack Obama has pledged to do on tax policy if he is reelected president in November.
President Obama and GOP candidate Mitt Romney have very similar tax plans, Gleckman writes, but there are some key differences.
The campaign of GOP presidential candidate Mitt Romney has criticized the Tax Policy Center for new research that provides evidence that a deduction cap is a pretty good, though insufficient, idea, Gleckman writes.
Gleckman takes a closer look at a new analysis of tax reform by the Joint Committee on Taxation. His perspective may offer some relief to tax reformers.
Under Mitt Romney's tax plan, an across-the-board cut would allow the top 1 percent to pay less in taxes, as Obama charges. But they could still pay the same overall share, as Romney claims, if taxes go down for everyone.
The presidential debate showed almost nothing new about how either Romney or Obama would govern over the next four years, Gleckman writes.
Gleckman asks: Will it take the fear of a financial market collapse and a cliff-driven recession to change the karma on Capitol Hill? Or, can Congress find an easier route to fiscal sanity by ducking the coming showdown?
Americans could face an average tax hike of almost $3,500 in 2013 if Congress goes over the fiscal cliff, Gleckman writes. The looming fiscal cliff poses a major threat for the US economy.