Curtis S. Dubay, a leading expert on tax reform, income tax, corporate tax, international taxes, and the estate tax, is a research fellow in tax and economic policy at The Heritage Foundation. Read his research.
View all authorsThe Congressional Budget Office (CBO) just released its long-term outlook for the federal budget. As expected, we are going broke slightly faster than we were… Read More
Most people think of savings as that portion of a family’s income that they put away for emergencies, a big purchase, or their kids’ college… Read More
The United States will soon have the highest corporate tax rate in the world once Japan enacts its pledge to cut its rate. This dishonorable… Read More
It seems everyone except President Obama is presenting a detailed plan for dealing with our nation’s rapidly growing debt these days. The latest entry comes… Read More
Today, April 15, is typically Tax Day. Taxpayers would usually be furiously figuring out how much they owe Uncle Sam right about now. In case… Read More
An AP article today explains that tax revenues this year are projected to be the lowest since 1950. Chalk this one up as a dog-bites-man… Read More
Most of the time being number one is good. But when it comes to having the highest tax rate in the world, it is much… Read More
Like a falling barometer indicates impending bad weather, the actions of businesses are an early warning sign when Congress is about to harm the economy…. Read More
One of the most pressing pieces of legislation that the lame duck Congress must deal with is the impending expiration of the 2001 and 2003… Read More
President Obama has driven spending and deficits to historic levels in just two years since taking office. Not content to stop there, his budget for… Read More
The White House recently released a video defending President Obama’s tax hike plan featuring the new Chairman of the Council of Economic Advisors, Austan Goolsbee…. Read More
For the second time in a week, Senate Finance Committee Chairman Max Baucus (D–MT) has called for the suspension of pay-as-you-go (PAYGO) budget rules to… Read More
The Senate failed today to repeal one of the more troublesome provisions of Obamacare. Tucked away in the legislation that made Obamacare into law is… Read More
The House of Representatives rushed back to Washington yesterday in the middle of their six-week vacation to pass yet another bailout. This latest one, $26… Read More
Tucked away in the legislation that made Obamacare into law is a tax provision that will be a compliance nightmare for small businesses if it… Read More
Congress has an important decision to make before the end of the year: Extend the 2001 and 2003 tax cuts or allow them to expire… Read More
We are on the precipice of the largest tax increase in United States history. On January 1, 2011, the 2001/2003 tax relief will expire. All… Read More
After months of inactivity, the Senate could finally address the death tax in the coming days. It is about time it acted, because in a… Read More
Almost seven full months into 2010, the Senate might finally get around to addressing the death tax. The death tax expired on January 1 of… Read More
Senators Sanders (I-VT), Harkin (D-IA) and Whitehouse (D-RI) are circulating a bill that would drastically increase the death tax at the worst possible time: such… Read More
The long-debated extenders bill failed to pass the Senate yesterday by a wide margin (45-52). That’s good new for taxpayers because the bill contained $48… Read More
In a front page article today, the New York Times has a story on the federal death tax and the impact its 2010 expiration has… Read More
Friday brought yet another grim jobs report. The economy created 431,000 jobs in May according to the report, but 411,000 of them were temporary government… Read More
Recent developments in Congress now make clear that Congressional leadership is willing to go through all of 2010 without a death tax in order to… Read More
Congressional leaders have responded to the backlash against the original $174 billion cost of the “tax extenders” bill by reducing its cost by $47 billion…. Read More
Congress is at it again, spending more taxpayer money and significantly adding to the deficit in the process. This latest bout of irresponsible spending is… Read More
Recently in the Wall Street Journal, David Ranson pointed out what tax economists have known for a long time: no matter what changes Congress makes… Read More
The threat of a value added tax (VAT) in the United States is growing steadily. Despite protesting that it is not something he is considering,… Read More
The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD)… Read More
