At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas.
With income growing faster than inflation and myriad other factors, real tax creep will result in individual tax increases whether or not Congress officially raises taxes.
President Obama has painted a grim picture of what the world looks like if climate change is not addressed. One solution might be a carbon tax.
Tax season might be getting worse for many as individual income tax revenue raises. Payroll and corporate income taxes will likely stay the same.
Scott Walker's new replacement plan for the Affordable Care Act is already coming under fire. Here is why many feel it won't help the people who need it most.
New rules mean greater transparency for State tax subsidies. Although the new rules don't mean full disclosure, states will now be required to disclose many of the details surrounding lucrative tax subsidies.
Hillary Clinton so far seems disinterested in fundamentally restructuring the tax code. Instead, she’d retain the framework of the current tax law, while tweaking the code to encourage--or discourage--certain activities.
Marco Rubio cashed out nearly $70,000 in IRA savings last year, but he's not the only 40-something draining a retirement account. Leaks in retirement savings are common – worryingly so among low-income and minority savers.
Tax fraud has grown to include a variety of ways for crooks to use the identities of innocent taxpayers to steal money. And it's happening just as the IRS is trying to make itself more accessible online, which could prove disastrous for taxpayers and the agency alike.
Tax reform? Sure. Rate cuts? Absolutely. But so far at least, national Republicans seem more willing to tackle same-sex marriage than big Ronald Reagan/George W. Bush-style tax cuts.
Certain lawmakers think states can generate powerful economic growth by cutting income tax rates, especially top rates. But does economic research support the claim?
Marco Rubio is trying to juggle the demands of his party’s base and a more centrist, forward-looking political agenda. Nowhere is it more obvious than in his tax policy.
Tax cuts for the bottom 90 percent of US earners tend to result in more output, employment, consumption, and investment growth than equivalently sized tax cuts for the top 10 percent, according to a new paper.
California desperately needs its residents and businesses to use less water. So rather than trying to curb water use through a complex maze of regulation, why not just raise the price though a new state-wide tax on all users?
The Medicare bill passed by Congress Thursday is an amalgam of temporary solutions to a host of health policy issues, special interest subsidies, and a promise of better health care for seniors. It may improve the way Medicare reimburses docs for the services they provide, but it won’t fix the problem.
Retirement income free of state taxes continues to seduce politicians, despite threadbare evidence that it would serve to lure seniors to their states. The idea of excluding pension income from state tax is misguided, but it's hardly new.
The tax reform plan from Marco Rubio and Mike Lee is filled with a lot of interesting and credible ideas, but the specifics would add trillions to the nation's debt over the next decade.
The Obama Administration has created a special ACA enrollment season for this year only, but it's a limited fix to a bigger problem: finding better ways to use tax filing season as an ACA enrollment incentive.
For decades, policymakers have enthusiastically supported special tax breaks for small businesses, including start-ups. But there is a wide gap between the professed support for small businesses and what the tax code does for (and to) start-ups in the real world.