EconomyNews
Republicans Promise to Make Your Taxes ‘Simpler, Fairer, and Lower’
Republicans are working to find a way to raise enough revenue to offset their plans for steep tax cuts after tax writers and the Trump… Read More
PoliticsCommentary
Republicans Just Made Tax Reform More Difficult
This week, the House Budget Committee released its long-awaited budget. It makes progress in some areas, and falls short in others. One of the places… Read More
EconomyNews
From Cactus Theater to the Met, US Government Pours Hundreds of Millions Into Well-Heeled Arts
U.S. taxpayers have paid $90,000 for a theater “performance” in which people commune with a tall cactus for an hour in the middle of an… Read More
EconomyCommentary
Repealing This Obamacare Tax Would Signal That Tax Reform Is Alive
The Senate is seriously considering keeping Obamacare’s 3.8 percent net investment income tax as part of its most recent repeal and replace proposal. Rather than… Read More
EconomyCommentary
A Pathway for Pro-Growth, Fiscally Responsible Tax Reform
The tax code is in dire need of reform, but updating it is only one of the many items on Congress’ agenda for the remainder… Read More
PoliticsCommentary
If Congress Is Serious About Tax Reform, It Should Stop Passing Bills Like This
House Speaker Paul Ryan doubled down earlier this month on getting tax reform done by the end of the year. He said he hopes to… Read More
EconomyNews
Senators Seek to Stop Government Subsidies for Sports Stadiums
Two senators are calling foul on government subsidies for professional sports stadiums. Sens. James Lankford, R- Okla., and Cory Booker, D – N.J., introduced a… Read More
EconomyCommentary
New Study Finds Americans Don’t Mind Lower Government Spending Due to Tax Cuts
America’s tax code is horribly out of date. Thankfully, Congress and the president have outlined plans for updating the tax code and cutting Americans’ taxes…. Read More
EconomyCommentary
This Key Reform Must Be Central to Any New Tax Plan
As Congress and the president move toward consensus on tax reform, one key reform should remain the centerpiece of any plan that moves forward: making… Read More
EconomyNews
House Conservatives Ready to ‘Go Big’ on Tax Reform That Includes Welfare Reform
The House Freedom Caucus wants to “go big” on a tax reform package to include welfare reforms, but likely wouldn’t include a tax on imports,… Read More
EconomyNews
House Conservatives Float Ideas for Tax Overhaul, Welfare Reform
Members of the most conservative caucus in the House of Representatives are ready to share their vision for a tax overhaul, welfare reform, and other… Read More
EconomyNews
Before Lois Lerner Targeted the Tea Party, She Helped the Clinton Foundation
Six years before she became the central figure in the IRS’ illegal targeting of tea party tax-exemption applicants, Lois Lerner cleared the way for the… Read More
EconomyCommentary
Trump’s Tax Proposal Is a Strong Starting Point for Reform
President Donald Trump’s tax plan announced on Wednesday shows that he is serious about his campaign promise to cut America’s taxes. For too long, the… Read More
EconomyCommentary
Why Record Numbers of Americans Are Renouncing Their Citizenship
Would you give up your citizenship in order to keep your bank account? That’s a question few Americans would ever want to confront, yet many… Read More
EconomyCommentary
New Data Show That Ignorance of US Tax Policy Fuels Leftward Sentiments
With federal Tax Day now here, taxes have been on many people’s minds and have featured in a few recent public opinion studies. A study… Read More
EconomyCommentary
Where Do Your Tax Dollars Go?
When Americans file their taxes, it’s natural to wonder, “Where do my tax dollars go? What do they fund? And what don’t they fund?” According… Read More
EconomyCommentary
How to Talk Taxes in Simple Terms
If you’re in need of a great dinner party topic, try taxes. We pay taxes, we complain about paying taxes, and we admit to not… Read More
EconomyCommentary
Here Are 6 Reasons to Lower the Corporate Tax Rate Immediately
At close to 40 percent when including state rates, the U.S. corporate tax rate is one of the highest in the world. By comparison, the… Read More
EconomyNews
Obama’s IRS Chief Who Dodged Impeachment Continues Under Trump
In the heart of tax season, Internal Revenue Service Commissioner John Koskinen will address the National Press Club next Wednesday even as many members of… Read More
EconomyNews
Trump Looks to Rebound With Tax Reform
The White House sees the possibility of broad support for tax reform, and an opportunity for President Donald Trump to take up an issue that… Read More
EconomyNews
IRS Policy That Allowed Targeting Is Still in Effect, Watchdog Finds
An obscure bureaucratic policy that allowed IRS officials to target conservative and tea party tax-exemption applicants during the 2010 and 2012 election campaigns is still in… Read More
EconomyNews
Here’s What Happened to Workers After Philadelphia Passed a Soda Tax
Pepsi announced last week that it will lay off around 100 employees at distribution plants that supply the Philadelphia area. This is the latest blow for… Read More
EconomyNews
GOP Tax Leader Rallies Conservative Support for Levy on Imports
Rep. Kevin Brady, R-Texas, sought to convince conservative activists on Friday to rally behind a plan from House Republican leaders to tax imports instead of… Read More
EconomyNews
These Small Business Owners Fret Over ‘Devastating’ Import Tax Pitched by House GOP Leaders
Marc Johnson runs a small business with a major footprint. Johnson’s late father, Boine, who founded the company, and three engineers from England, helped create… Read More
EconomyNews
Study Shows Americans Flock to States With Less Burdensome Taxes
Migration patterns for 2016 show that Americans tended to move away from high-tax states and into states where residents keep more of what they earn…. Read More
EconomyNews
What to Know About Steven Mnuchin, Trump’s Pick for Treasury
Though not a widely known quantity in Washington, Steven Mnuchin, President-elect Donald Trump’s choice for treasury secretary, has had a seasoned career in high finance,… Read More
EconomyCommentary
3 Ways to Use the Presidential Debate to Talk Taxes
With the leak of Donald Trump’s tax records by The New York Times, and following round two of the presidential debates in which both candidates… Read More
EconomyAnalysis
How to Optimize Taxation to Meet Redistributive Goals
A new working paper by economists Emmanuel Saez and Stefanie Stantcheva purports to overturn a widely cited finding that capital should not be taxed; it… Read More
EconomyNews
Internet Sales Tax Legislation Is ‘Taxation Without Representation,’ Conservatives Say
Conservatives are wary of internet sales tax legislation in the works that would create an “unlevel playing field” for online businesses. Republican leadership in Congress… Read More
EconomyAnalysis
Clinton Estate Tax Plan Would Affect Many Families, Not Just the Very Rich
Hillary Clinton’s newly proposed top estate tax rate of 65 percent on $1 billion estates can sound innocuous enough to the average taxpayer. Last year… Read More
