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Tax Expenditures

Increase Taxes or Cut Tax Subsidies for the Rich?

Martin Lobel | Posted 05.14.2014 | Business
Martin Lobel

How you ask a question often decides a discussion. If you ask persons on the street whether they would prefer to increase taxes on the rich or cut tax subsidies for the rich, the chances are that you will get far different answers even though the economic effect is the same.

Camp Plan's Tax Expenditure Cap Marks a Step Forward

Chuck Marr | Posted 04.30.2014 | Politics
Chuck Marr

We've criticized it, but House Ways and Means Chairman Dave Camp's tax reform proposal has positive elements as well. 

Should We Subsidize Multinationals or Repair Our Infrastructure?

Martin Lobel | Posted 03.30.2014 | Business
Martin Lobel

Are we better off increasing subsidies to "American" multinational corporations, or are we better off cutting those tax subsidies and using that money to repair our infrastructure, create jobs and improve our educational system? You would think the answer would be a no brainer, but you would be wrong.

Exposing the Big Money in Tax Breaks

Mattea Kramer | Posted 11.17.2013 | Politics
Mattea Kramer

The federal government devotes more than $1 trillion -- that's $1,130,000,000,000 -- to something that gets almost no oversight or debate. What's this trillion-dollar secret project? Tax breaks.

Courts and (Neo)Vouchers: When (if Ever) Should We Be Surprised?

Kevin Welner | Posted 08.26.2013 | Politics
Kevin Welner

Lawyers who designed the neovoucher approach were doing what lawyers are hired to do: to find a work-around that will allow their clients to follow a desired path notwithstanding a law intended to block that path.

When (Neo)Voucher Advocates Lose

Kevin Welner | Posted 08.21.2013 | Politics
Kevin Welner

The court applied the no-aid clause to find that a voucher system cannot fund private schools, whether set up with direct funding or through a tax credit scheme.

Murray's More Evenhanded Approach to Deficit Reduction Contrasts Sharply With Ryan's

Bob Greenstein | Posted 05.14.2013 | Politics
Bob Greenstein

The budget that Senate Budget Committee Chair Patty Murray released yesterday stands in sharp contrast to the one that her House counterpart, Paul Ryan, released on Tuesday. Hers is more appropriate to meet the nation's economic and fiscal challenges.

I Just Solved the Sequester!

Jared Bernstein | Posted 04.29.2013 | Politics
Jared Bernstein

What if I offered you -- them -- a solution that scratched both of those itches at once... a way to simultaneously both cut spending and raise revenues? That would be irresistible, right?

A Proposal to Get Tax Reform Back on Track

Martin Sullivan | Posted 04.21.2013 | Politics
Martin Sullivan

The basic problem is that Republicans want to use the revenue from limiting tax breaks to cut tax rates. Democrats want to limit tax breaks to raise revenue. And in the aftermath of the election and the Republicans' concession on tax hikes for the wealthy, both sides seem to have dug in more deeply.

A State of Uncertainty

Christopher Bergin | Posted 03.20.2013 | Politics
Christopher Bergin

Still licking their wounds from the tax battle that featured the first tax rate increases on higher earners in 20 years, Republicans are sure to hold President Obama's feet to the fire in demanding steep budget cuts before they'll agree to raise the debt limit.

We Could All Pay Less Income Taxes By Getting Rid Of These

Reuters | Posted 12.12.2012 | Business

By Kim Dixon WASHINGTON, Oct 12 (Reuters) - Repealing most of the U.S. tax code's major itemized deductions - like those for mortgage ...

Romney's New Tax Details Don't Add Up

David Callahan | Posted 12.03.2012 | Politics
David Callahan

Romney's idea of limiting tax deductions should be taken seriously. Romney is on the right track here. The only problem -- and it's a big one -- is that the math on his tax plan overall still doesn't add up.

Welfare for the Rich

Colleen Becker | Posted 11.11.2012 | Business
Colleen Becker

If "taxes are what we pay for civilized society," what can we call welfare in the form of uncollected tax revenue? I think the word is "unnecessary."

Dan Froomkin

Income Inequality Can Be Fought With Policies That Simultaneously Spur Growth, Report Finds | Dan Froomkin | Posted 01.23.2012 | Politics

Policies that boost economic growth don't necessarily accelerate income inequality -- they can actually reduce it, a group of economists from develope...

Dan Froomkin

The American Social Welfare State Means Relief For (Almost) Everybody | Dan Froomkin | Posted 01.14.2012 | Politics

WASHINGTON -- Republican presidential contender Mitt Romney has taken to accusing President Barack Obama of trying to turn the United States into a Eu...

Memo to Members of the Budget Super Committee: You Have a Once-in-a-Lifetime Opportunity

Michael J. O'Neil | Posted 11.15.2011 | Business
Michael J. O'Neil

This Super Committee has what may be a once in a lifetime opportunity to fix a corrupt and cumbersome system that distorts economic incentives and leaves almost everyone feeling cheated.

Thanks, Grover

Gary Liberson, PhD | Posted 07.27.2011 | Politics
Gary Liberson, PhD

Every Republican has signed an "oath" with Grover Norquist not to pass new taxes. If a Republican crosses that line, they bring on the Norquist Inquisition, which labels them an heretic and burns them at the polls.

Tax Hikes Republicans Can Live With

David Callahan | Posted 07.23.2011 | Politics
David Callahan

A seemingly immutable law of today's politics is that Republicans in Congress have shifted so far right that they oppose all revenue increases -- no matter how urgent America's fiscal needs may be. But perhaps this is no longer the case.

Dan Froomkin

The Top 10 Tax Breaks -- And How They Help The Wealthy The Most | Dan Froomkin | Posted 06.18.2011 | Business

This is the time of year when we are most aware of our tax burdens. But what we may be less aware of are all the huge tax breaks built into our system...

Tax Credits vs. Spending: Why Progressives Should Care How the Stimulus is Delivered

Elizabeth Rigby | Posted 05.25.2011 | Politics
Elizabeth Rigby

From a progressive perspective, does the use of tax credit represent a political compromise that will limit the potential for the stimulus to seed more substantial policy change?