Chuck Marr

In recognition of Tax Day, we've collected our top ten charts related to federal taxes. Together, they provide useful context for the coming debates about how to reduce soaring budget deficits and reform the tax code.

Our first chart, below, reminds us what taxes pay for: three-fifths of federal spending goes...

"We don't have an obligation to solve America's problems," an Apple executive told the New York Times in connection with Apple's decision to make the iPhone in China.  "Our only obligation is making the best product possible."

To be sure, Apple is a business and, as such, it seeks...

Between Thanksgiving and Christmas, Congress has an important tax policy decision to make.  With the economy still struggling and one in eleven Americans out of work, January 1 would be an awful time to cut every paycheck in America.  But, every paycheck in America will shrink unless Congress acts...

Tomorrow morning the Senate Finance Committee begins debate on what to do with the Bush tax cuts, which are set to expire at the end of the year. Here's some homework to prepare for this important hearing:

• The long-term budget picture. The Congressional Budget Office has...

My colleagues and I have written repeatedly (for instance, here here, and here) about the need for Congress to enact another round of stimulus legislation that would extend unemployment benefits and provide additional fiscal relief to states, both of which would help strengthen the...

Policymakers would be well-advised to read a new Tax Notes piece by Douglas Holtz-Eakin, Cameron Smith, and Winston Stoody, which argues against closing a tax loophole that enables investment fund managers to pay taxes on their income - their "carried interest" - at the preferential capital gains rate rather than...