The House will release a tax plan on Wednesday that would cut the top individual tax rate to 25 percent. Read on for the GOP's tax proposal and and teh rest of today's tax news.
Did President Obama's latest State of the Union speech offer enough specifics in his proposed changes in tax policy? TaxVox' Howard Gleckman writes that Obama needs to go further.
Instead of encouraging people to borrow, effective homeowner tax subsidies would create incentives for homeownership without tying tax breaks to mortgage debt. Tax Policy Center examines three possibilities.
Some believe the retirement of Senate Finance Committee Chairman Max Baucus will increase the likelihood of tax reform, but Gleckman argues his retirement may not result in a tax code rewrite.
Making the tax code less complicated and more efficient may not achieve the rate-cutting, base-broadening reform many want, Gleckman writes, but it can have important consequences for real people.
The income tax’s ever-narrowing base simply cannot support the nation’s spending demands, Gleckman writes.
With income tax deduction caps among the ideas considered in the fiscal cliff debate, the challenge becomes to raise revenue without discouraging giving, Gleckman writes.
Gleckman asks: How do both presidential candidates get away with dodging critical fiscal issues on the campaign trail? We let them, he answers.
With a budget that encourages consumption rather than savings, the gap between the American Dream and reality will only widen, some at the Tax Policy Center fear. One solution: Rethink those tax subsidies that too often hinder mobility in the name of enhancing it.
Two economists, a tax historian, and a philosopher debated what a 'fair' tax code means at an Urban Institute panel this week.