It's easy to extend temporary tax breaks when not considering the budget deficit. Congress is entering another season of hectic turmoil over a set of "tax extenders" that technically expired last year.
Hillary Clinton's relentless pursuit of tax breaks for the middle class puts her campaign narrative in stark contrast with that of the GOP of candidates. It is too early to tell which narrative will be more appealing.
Watching the annual impasse over budgeting has becoming increasingly frustrating for many Americans. A new idea, two-year budgeting, may offer a much needed change.
Republican presidential candidates want to trim the tax code, but that would mean ceding massive new authority to the Treasury Department and the IRS. They probably don't want that.
Last night's GOP debate showed some division within the Republican ranks. This article highlights the discrepancies.
Substantial tax reform may still be possible, but not easy. The biggest hurtle isn't in forming a comprehensive plan, which has been done before, but in selling it to members of congress.
The new budget plan that House Speaker John Boehner and the Obama administration reached is filled with some fiscal tactics that won't reduce spending nearly as much as it appears. Although, some spending is cut, it is still unknown if Republicans will vote in favor of the bill.
Some opponents of the Cadillac Tax are promoting an alternative cap on the current tax exclusion for employer contributions to health insurance. However, the numbers make them look almost identical.
As presidential candidate campaigns heat up, big promises are being made by candidates on both sides of the political spectrum. The common denominator of the promises made so far is an inability to explain how they will be paid for without sinking the nation in debt.
In less than a month, the federal government won't be able to pay its bills. A debit limit raise must happen, but with a divisive Congress, will it happen?
Some think that a carbon tax may have prevented the Volkswagen diesel scandal. A straightforward carbon tax has the potential to replace the confusing stick-and-carrot system we have currently. There would be less incentive to cheat.
The Cadillac tax can seem a little counter-intuitive, but it slows down spending on healthcare. Without a replacement, the removal of the cadillac tax will just aid the ever increasing costs of healthcare in America.
And, it turns out, Trump’s new tax plan would not only benefit hedge fund managers, but also millions of others with the flexibility to change the way they are paid.
Donald Trump has unveiled his own tax plan. Unfortunately, the details are vague, but the cuts are huge.
Senate Democrats are pushing a bill that takes only small steps toward cleaning up energy tax breaks. There are better ways to clean up the tax code, but this is a small step in the right direction.
Things should be looking up for most states, but state budgets and their futures look increasingly uncertain.
Jeb Bush has been cautious about claiming his tax plan is a tax cuts, but the economists around him have not. The side-effects of the proposed cuts could be dramatic.
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.