Republican presidential contender Donald Trump often expresses dismay about the US trade deficit, which he ties to the loss of good paying middle class jobs. The issue is more nuanced than Mr. Trump suggests.
In just three years as governor, Republican vice presidential nominee Mike Pence successfully pushed proposals to cut income taxes, corporate taxes, personal property taxes, and completely eliminate the state’s inheritance tax.
The Tax Policy Center projects that effective federal tax rates this year will range from 3.5 percent for households in the lowest-income quintile (or fifth) to 33 percent for those in the top 1 percent.
Donald Trumphas proposed allowing all families to deduct average childcare costs on their income tax returns. The details are muddy, but subsidies aren’t generally the best way to help low-income households pay for childcare.
Back in the day, when Soviet-era Russian apparatchiks fell out of favor, they’d become non-persons and even be removed from old group photos. That’s what’s happened to Donald Trump’s tax plan from last September.
Donald Trump's tax reform plan would drain government coffers of revenues. Coupled with his promise to avoid cuts to Social Security and Medicare – two big parts of the budget – it would boost public debt to all-time record levels.
The 2016 Republican Party platform demands that Congress impeach and convict Internal Revenue Service Commissioner John Koskinen. Impeaching the commissioner may be good political theater, but it's bad for the country.
While he was governor of Virginia, Tim Kaine proposed tax hikes to pay for new government programs and tax cuts for low- and middle-income residents. It’s a combination that closely parallels Clinton's tax proposals for the nation.
Britain's vote to leave the European Union may indicate a growing distrust of experts in advanced countries. In order for trust in research and expert opinion to be restored, transparency in funding and peer review should be standard practices.
Though the world economy has changed drastically in the past hundred years, the basic international tax framework has not. Michael Graetz addresses how to handle issues of international tax in a recent talk at Tax Policy Center.
Though policymakers are often consumed with discussing the top tax rate, only one percent of couples are in the 39.6 percent tax bracket. The majority of American incomes are taxed at 15 percent or less.