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Tax Reform

Tax Cuts Are Palliatives, Not Cures

Jared Bernstein | Posted 02.24.2015 | Politics
Jared Bernstein

I don't think you need a crystal ball to predict that whoever runs for president in 2016 will have some sort of tax cut at the heart of their platform, probably targeted at the middle class, and I'm talking both Democrats and Republicans.

Have House Republicans Given Up on Tax Reform Already?

Rep. Sandy Levin | Posted 02.17.2015 | Politics
Rep. Sandy Levin

Republicans feared that trying to pay for their tax cuts by shifting to the highly uncertain dynamic scoring may not be enough. So they are further trying to rig the system with baseline games and make permanent tax provisions outside tax reform.

Michael McAuliff

House Begins Passing Series of Deficit-Hiking Tax Cuts

HuffingtonPost.com | Michael McAuliff | Posted 02.13.2015 | Politics

WASHINGTON -- One of the few bipartisan goals that President Barack Obama and Republicans agree on is comprehensive reform of the tax system, but Demo...

Will the Recovery Finally Translate into Better Wages?

Robert Kuttner | Posted 02.09.2015 | Politics
Robert Kuttner

The good news about the economy's improved job creation dominated the weekend's headlines. Many commentators concluded that the economy is finally shaking off the effects of the financial collapse of 2008 and the long period of stagnation that followed. But the one-year increase in wages has been only 2.2 percent, barely more than 1 percent when adjusted for inflation, and it's been a long time since most workers have seen substantial raises. In this recovery, the economy has been creating more low-wage jobs than high-wage ones. The shift from standard payroll jobs to temp and contract work continues. The uptick in the measured unemployment rate suggests that discouraged workers are only just coming back into the labor force and we are a long way from full employment. Even at the present rate of improved job creation, it will be 2017 before we get back to the pre-recession level of unemployment.

Michael McAuliff

Paul Ryan's First Tax Bills Add Nearly $100 Billion To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 02.04.2015 | Politics

WASHINGTON -- The first bills promoted by Rep. Paul Ryan (R-Wis.) as the new chairman of the tax-writing Ways and Means Committee would add nearly $10...

Obama's Plan to Address Corporate Tax Avoidance on Offshore Profits Is 'Not Nearly Enough'

Frank Clemente | Posted 02.03.2015 | Politics
Frank Clemente

For years everyone else has been picking up the tab for big corporations because our tax system encourages them to shift jobs and profits offshore. It's time for that to end. President Obama's plan does not go nearly far enough to do that.

Ariel Edwards-Levy

America's Tax System Is Widely Seen As Favoring The Rich

HuffingtonPost.com | Ariel Edwards-Levy | Posted 01.29.2015 | Politics

Americans largely think the current tax system favors the wealthy and needs to be reformed, but not very many expect to be personally affected by Pres...

It's Nice to See Republicans Tout the Economic Recovery. But Why on Earth Would They Think They're the Cause?

Rep. Sandy Levin | Posted 01.26.2015 | Politics
Rep. Sandy Levin

The major reversal from deep decline to economic growth occurred despite Republican opposition to President Obama's proposals, repeated GOP threats to default on our debt obligations, and an incredibly harmful 16-day government shutdown. And not only have Republicans stood in the way of Democratic policies, but they're now attempting to take credit for the recovery itself.

My Statement on the President's New Tax Proposals

Bob Greenstein | Posted 01.20.2015 | Politics
Bob Greenstein

In recent decades, economic growth has powerfully benefited Wall Street while leaving much of Main Street behind. The plan that President Obama unveiled today would take large, important steps to help redress part of the imbalance and make prosperity more broadly shared.

New Year, Fresh Start: Congressional Dos and Don'ts

Jaimie Woo | Posted 01.20.2015 | Politics
Jaimie Woo

Another year has come and gone, and 2015 presents an opportunity to start fresh. With that in mind, it's time for the newly minted 114th Congress to make the right choices for the public's interest in its New Year's resolutions, and making the tax code fairer is a good place to start.

When Congress Cooks the Budget Books, the Rest of Us Get Burned

Frank Clemente | Posted 01.09.2015 | Politics
Frank Clemente

What if a losing team could simply change the scoring system so it looked like it was winning? That's what Republicans in Congress recently decided to do after 35 years of pushing a losing policy of trickle-down economics.

Ed Kleinbard Calls Out 'Dynamic Scoring'

Jared Bernstein | Posted 01.05.2015 | Politics
Jared Bernstein

My personal opinion on all this: the change in the scoring rules is an effort to smooth the way to "tax reform" and the less we hear about "tax reform" in this Congress the better.

Inclusive, Sustainable Growth Latin America: The Road Ahead

Winnie Byanyima | Posted 02.04.2015 | Impact
Winnie Byanyima

Latin America is proof that the global trend of rising economic inequality can be reversed, if the political will exists. Despite historically being the most unequal region in the world, it is the only region that has managed to reduce inequality during the past decade.

A GOP for America's future

Dustin Siggins | Posted 01.19.2015 | Politics
Dustin Siggins

Speaker John Boehner and Senate Minority Leader Mitch McConnell have promised that Congress would move on tax reform, the national debt, and repealing the Affordable Care Act. We hope that they follow through -- but given the GOP's tendency to overpromise and under-deliver, we have our doubts.

Entrepreneurs: Engines of Our Economic Growth

Rep. Scott Peters | Posted 01.18.2015 | Politics
Rep. Scott Peters

On National Entrepreneurs' Day, we have a responsibility to ensure that our policies help give every would-be business owner a fair shot in this economy. That means supporting two key bipartisan priorities: comprehensive tax reform and common-sense regulatory reform.

G20 Leaders Must Turn the Tide on Inequality and Climate Change

Winnie Byanyima | Posted 01.14.2015 | Impact
Winnie Byanyima

The two great challenges of our time -- inequality and climate change -- are threatening to undermine the efforts of millions of people to escape poverty and hunger. By concentrating wealth and power in the hands of a few, inequality robs the poorest people of the support they need to improve their lives.

The Tradeoffs of Tax Dodging

Raymond C. Offenheiser | Posted 01.14.2015 | Impact
Raymond C. Offenheiser

To fund essential services and tackle global inequality, we must ensure that companies pay their fair share of taxes. A first step is to compel corporations to publicly report where they earn their profits and where they pay taxes -- so-called country-by-country reporting.

Paul Blumenthal

Remember Who Held Election's Purse Strings As Congress Sets 2015 Agenda

HuffingtonPost.com | Paul Blumenthal | Posted 11.12.2014 | Politics

WASHINGTON -- Following the Republican wave that swept away the Democratic Senate majority last week, reporters, advocates and pundits debated the eff...

Paul Blumenthal

Current and Incoming Republican Senators Set Out Pro-Corporate Agenda For Next Congress

HuffingtonPost.com | Paul Blumenthal | Posted 11.10.2014 | Politics

WASHINGTON -- Republicans senators, including those already in office and incoming new members, discussed across morning television shows on Sunday wh...

Women Entrepreneurs: An Exploding Small Business Demographic

Katie Vlietstra | Posted 01.04.2015 | Small Business
Katie Vlietstra

With just days until the midterm elections, you can definitely count on one demographic group to show up at the polls: women small business owners. By an overwhelming margin -- 86 percent -- women entrepreneurs intend to go to the polls to cast their ballots across this nation.

Three Buckets of Small Business Attention

Katie Vlietstra | Posted 12.22.2014 | Small Business
Katie Vlietstra

The small business community, including self-employed and micro-businesses, welcomed a major benefit this tax year: a new, streamlined IRS home office standardized deduction.

Warren Buffett: U.S. Never Followed Through On That Whole 'Tax The Rich' Thing

The Huffington Post | Alexander C. Kaufman | Posted 10.08.2014 | Business

Warren Buffett thinks it's a problem that some of the wealthiest Americans pay lower tax rates than their housekeepers. The billionaire investor sa...

Why You Shouldn't Be 'Optimistic' About Corporate 'Tax Reform'

Dave Johnson | Posted 12.03.2014 | Business
Dave Johnson

"Reform" is lobbyist-speak for opening up the floodgates, hanging the flags out, lighting the savings accounts on fire, letting dozens of blackbirds fly out of the pie, letting the horses out of the barn and generally fleecing the citizenry.

Rubio and Lee Are Right on Pro-Family, Pro-Growth Tax Reform

John Murray | Posted 11.26.2014 | Politics
John Murray

Not only can conservatives offer reforms that are both pro-growth and pro-family -- we absolutely must do so in order to earn the trust and support of millions of Americans who are working hard to raise families and make a middle-class living.

Recent Inversion Wave Brings on Slew of Outrage -- What's Next?

Jaimie Woo | Posted 11.22.2014 | Politics
Jaimie Woo

By buying out a foreign company and using it as a tax haven, companies that "invert" don't move abroad in any real sense, and continue to benefit from America's infrastructure, education system, security and large consumer market.