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.
Jeb Bush gave a speech this week that exposed some interesting internal conflicts in the former Florida governor’s campaign platform. On one hand, Bush called for government to help working class families. On the other, he demanded that government stay out of the way and let markets grow the economy.
President Obama laid out his vision for the tax code. He's using a 'middle-class economics' agenda aimed at raising taxes on capital gains on high-income groups and redistribute the money from rich to working-class households. While, Republicans want to cut tax rates mostly. Will there be a middle ground?
Do deficits matter? It is an age-old question that’s going to get renewed attention in a Congress where Republicans have made no secret of their desire to cut government spending. Two tax experts take up the deficit debate.
The past 12 months were a banner year for bad ideas and their perpetrators. We've picked out the worst top 10 ideas and hope history won't repeat itself for 2015.
Many people with disabilities face financial challenges. To address this issue, Congress is on the verge of approving the Achieving a Better Life Experience (ABLE) Act that would create tax-free savings accounts to assist disabled people. However, it comes with its eligibility restrictions and cannot be a complete solution.
A year later, the Affordable Care Act's tax on medical devices is back under scrutiny. If Republicans can line up a significant number of Democrats to vote in favor of repealing the tax next year, they get an easy win and make the case that there is bipartisan opposition to the ACA.
A popular Washington narrative is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants. But even if Obama does nothing on this issue, the political headwinds against a tax code rewrite were already too strong.
Congress needs to finance highway and transit projects but can’t agree on how. The traditional revenue source is the gas tax. Gas prices are at their lowest levels in years and dropping. Consumers would barely notice if they had to pay a bit more now at the pump. But a gas tax hike won't happen.
Republicans had a very good day in midterm elections yesterday. But can they translate their ballot-box success into a positive legislative agenda? Six things to watch.
The IRS is taking a hard look at 'supersize' IRAs, or Mitt Romney-esque retirement accounts valued in the multimillions. According to regulators, the holders of these IRAs probably didn’t end up with huge accounts merely by making maximum contributions each year and investing wisely.
Washington is going through another one of its periodic calls for business tax reform. But new research shows just how hard it is to separate business taxation from the individual tax code. And it should serve as a warning to those who think Congress can enact corporate tax reform that ignores it.
The Treasury's new rules won't stop the wave of corporate tax inversions – Treasury Secretary Jack Lew acknowledged as much when the agency proposed the curbs yesterday. Will they slow the practice? Perhaps, but even that is not certain.
The Treasury Department is moving to close loopholes that allow US companies, like Burger King, to move corporate headquarters overseas for a lower tax bill. But the debate continues over whether Treasury even has the power to limit the practice.