As Congress tries to ban the practice of inversions – when US based multinationals merge with foreign firms to lower their tax bill – it actually puts Congress and US corporations on a destructive path, writes Howard Gleckman. What does that mean for reform within US corporate tax system?
Between June 2013 and June 2014, Kansas saw its tax revenue fall by 11 percent. Why is Kansas still making so many tax cuts then, questions Howard Gleckman.
Congress needs to start being realistic and serious about the future of the Highway Trust Fund, writes Howard Gleckman. Although the Highway Trust Fund worked in the past, it is time for a long-term solution – not just pension smoothing and other gimmicks.
Analysis of House Ways and Means Committee Chair Dave Camp's tax reform plan shows that the plan would raise the same amount of money in 10 years as the current law, writes Howard Gleckman. Still, the long-term effects aren't completely certain yet.
The US Treasury will lose $5 billion in lost revenue over the next decade. Why? Congress used the wrong math formula for the Social Security and Medicare payroll tax.
The Committee for a Responsible Federal Budget has created an updated online budget simulator. The public plays the online game with the objective to stabilize the debt at 60 percent of Gross Domestic Product by 2024.
Senators Bob Corker (R-TN) and Chris Murphy (D-CT) proposed a gas tax raise to pay for transportation projects. They had a good idea, but they are ruining it with restoring $190 billion in targeted tax breaks, writes Howard Gleckman.
The Ways and Means Committee sent the House a bill that has a 'job-killing exclusion' that would hurt growers of blueberries, raspberries, and other fruits from bushes, writes Howard Gleckman. How did this happen?
The 2004 repatriation tax holiday may have made it easier for multinational corporations to polish their financial statements, a new study found. Howard Gleckman writes that the tax holiday wasn't a good idea in 2004, and is still a bad idea 10 years later.
Some states may have created a way for heterosexual couples to avoid the marriage tax penalty, writes Howard Gleckman. How can domestic partnerships lead toward the federal marriage tax penalty?
EPA’s new greenhouse gas rules may open the door to a state-based carbon tax, Howard Gleckman writes. But, no one has mentioned the 't' word yet.
The House Ways and Means Committee voted to keep a corporate tax break permanent. And that is a mistake, Howard Gleckman writes.
Carbon tax could help fight the battle against climate change, writes Howard Gleckman. But, enacting such a tax is easier said than done.
US-multinationals like Pfizer are using several tactics to avoid paying US taxes, writes Howard Gleckman. And Pfizer and other firms can't keep waiting for corporate tax reform from Congress.
Gene Steuerle's latest book, "Dean Men Ruling," shows issues with the US's current fiscal policy. But the problem is bigger than fiscal policy and more about the country's lawmakers, writes Gleckman.
What would happen if Congress repealed the tax exclusion for employer-sponsored insurance? Because of Social Security, that question has a very complicated answer.
The political system may not be ready for a carbon tax, but it is hard to read the White House's new climate change report without thinking about how valuable such a levy could be.
Donald Sterling likely treat his historic $2.5 million fine from the NBA as a routine business tax deduction, as is his right. However, a California congressman wants to bar Donald Sterling from taking the deduction.
Amazon and other online retailers have argued for years that they’ll lose business if they have to collect sales taxes on their online transactions. According to a new study of Amazon sales, they're right, which may increase support by some online sellers for federal legislation to standardize sales tax collections.
Donor-advised funds (DAFs) are an easy, low-cost way for people (who tend to be upper middle-class but not super-rich) to both shelter income and give to their favorite charities. Dave Camp's tax proposal holds a major change for these charitable vehicles, where funds currently can sit indefinitely.