Business Tax VOX

  • What if we funded public school like Obamacare?

    A public school system funded the same way we pay for the ACA's exchanged-based insurance would drastically reduce direct spending for public schools and the taxes without directly affecting educational resources. But it would make life much more complicated for taxpayers and tax administrators.  

  • Do tax breaks help small business? Not as much as lawmakers think.

    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.

  • Obama would end tax breaks for college sports. Good for him.

    President Obama's FY16 budget proposal would cut federal subsidies for premium seats at college sporting events. Federal subsidies ought to provide national benefits and there’s no evidence that boosting attendance in high-priced court-side or skybox seats does that.

  • What would a Jeb Bush presidency mean for taxes?

    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.

  • State and local budgets still reeling from the Great Recession

    The latest Census of Governments shows us a lot about just how hard local governments were pounded by the Great Recession. It describes a powerful double-whammy: Local governments not only suffered deep declines in their own tax revenues but they also faced steep cuts in state aid. 

March 4, 2015

Photos of the day 03/04

Paramilitary soldiers stand guard near the Great Hall of the People, where the National People's Congress will be held, in Beijing, Wednesday. About 3,000 delegates to the annual meeting of China's parliament will meet on March 5 for a session that normally lasts about 10 days.

More Tax VOX
  • Obama would improve tax subsidies for higher education

    Obama's ideas for educational tax reform are controversial, but they’d do a better job helping households who most need education assistance than the current complex array of programs.

  • How Obama would cut childcare costs

    President Obama has proposed important changes for child care costs that could allow families of young children to save thousands. But some families, especially those with just one older child, could wind up paying more. 

  • Retirement security a priority for the Obama administration in 2015

    President Obama proposed that his administration would make retirement security a priority that would increase the ability of part-time workers to join their employer’s plan and improve tax incentives for businesses. 

  • Fixing the President's 'angel of death' capital gains tax

    President Obama's tax on capital gains at death makes enormous sense. But the problem is with the record-keeping involved. Having to keep track of every asset purchase ever made would be extremely difficult. Fortunately, there is an easy fix. 

  • The tax reform gap between Obama and the GOP is widening

    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? 

  • Obama wants to tax the rich. It's a plan abroad, too.

     President Obama called on Congress last night to address wealth inequality through the tax code. But taxing the rich isn't just an American thing; Russia, Great Britain, and Brazil have  rules or proposals in motion to put the tax code to work agains income inequality. 

  • President Obama targets the 'angel of death' capital gains tax loophole (+video)

    The president plans to announce new proposals that would substantially increase taxes for the wealthiest Americans. But the possible elimination of the 'angel of death' tax loophole is a more significant change, taxing the wealthy on inherited capital gains.

  • Is the budget deficit even a problem?

    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. 

  • New Congress, new tax rules, old obstacles

     On the first day of the new Congress, new and old tax laws are being calculated, implemented, and executed. Tax prep firms are ready and waiting to help tax filers while repealing the medical tax device remains on the agenda. 

  • Why the Trans-Pacific partnership agreement is a pending disaster

    Trans-Pacific partnership, or TPP, would be the largest trade deal in history representing several countries. But the TPP is not a good deal for most of us or, even for the inhabitants of developing nations.