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Tax Reform

Encouraging Self-Employment Should Be a Focal Point of the New Small Business Administrator

Katie Vlietstra | Posted 04.21.2014 | Small Business
Katie Vlietstra

Our nation's smallest businesses -- the self-employed and micro-businesses -- represent the heart and soul of America's middle class. Yet, America's small businesses face critical challenges that prevent them from opening, growing and expanding.

Tax Fairness: What Do People Think About It?

Jared Bernstein | Posted 04.15.2014 | Politics
Jared Bernstein

Nothing too surprising -- those who pay more in federal taxes think they're too high; almost nobody thinks their tax bill is too low. But departing from the data a bit, there are two factors that I suspect have an impact on our general perceptions of tax fairness.

U.S. Corporations Have Over $2 Trillion Stashed Overseas

Reuters | Posted 04.09.2014 | Business

* U.S. Senate Finance Committee Chairman Wyden calls for reform * Total of profits stashed abroad up 93 percent 2008-2013 ...

Why We Are Losing the Tax Reform Debate

Martin Lobel | Posted 04.01.2014 | Politics
Martin Lobel

Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of wealth from the middle class to the very rich.

Jason Linkins

Rep. Dave Camp Gave This 'Congress' Thing His Best Shot, But He's Done | Jason Linkins | Posted 04.01.2014 | Politics

Is there even much of a point to being a member of Congress anymore, if you're nominally committed to public service? Probably not, and now Rep. Dave ...

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 2)

Steve Mariotti | Posted 04.01.2014 | Business
Steve Mariotti

As exciting as the social enterprises presented were, the most interesting and perspective-changing lesson for me was the Vietnamese flat tax.

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 1)

Steve Mariotti | Posted 04.01.2014 | Business
Steve Mariotti

In growing economies like Vietnam's, we are seeing innovations in business--through both national and foreign investments. But the government, almost 40 years after the US left, is also empowering social enterprises with its reforms.

The Middle Class Is Totally Hosed

Arthur Fox | Posted 03.24.2014 | Politics
Arthur Fox

What most of us fail to recognize is that the gulf between the very rich and the rest of us will almost certainly continue to get worse, a lot worse! Most importantly, it may be too late to do much about it.

Lee Tax Reform Plan's Disappointing Details

Chuck Marr | Posted 03.20.2014 | Politics
Chuck Marr

In high-profile speeches on tax reform, Senator Mike Lee (R-UT) has called forcefully for expanding opportunity and helping parents raising children.  Unfortunately, the tax reform plan he recently detailed falls far short of his stated goals.

Ben Hallman

This Map Basically Demolishes GOP's Tax Stance | Ben Hallman | Posted 03.19.2014 | Business

As everyone knows, Southern politicians despise taxes more than just about anything -- except perhaps cornbread with sugar, or iced tea without. T...

McConnell: Congress Won't Make 'A Lot Of Big Important Things' Happen This Year

The Huffington Post | Samantha Lachman | Posted 03.07.2014 | Politics

Senate Minority Leader Mitch McConnell (R-Ky.) said Friday that those hoping for comprehensive immigration reform and other policy changes from Congre...

Camp Roadmap to Paying for Extenders

Chuck Marr | Posted 03.05.2014 | Politics
Chuck Marr

House Ways and Means Chairman Dave Camp's tax reform plan hasn't generated a groundswell of support for comprehensive tax reform this year, but it off...

What's Not DOA in the Obama Budget

Jared Bernstein | Posted 03.05.2014 | Politics
Jared Bernstein

It's of course tempting to decry the president's budget as "dead on arrival" but I wouldn't be nearly so quick to go there. Here are a number of ways that some of the ideas that the administration trotted out Tuesday will be referenced in months and even years to come.

Dare to Do Tax Reform

Jim Jaffe | Posted 03.04.2014 | Politics
Jim Jaffe

The chairman of the Ways and Means Committee unveil a tax reform plan that everyone agrees is both credible and going nowhere.

Friday Talking Points -- Republicans' Foot-Shooting Party

Chris Weigant | Posted 02.28.2014 | Politics
Chris Weigant

Even when Republicans weren't shooting at their own feet this week, it appears they were conducting a circular firing squad instead. The 2014 campaign, in other words, is off to a raucous start... and it's only February.

Camp Plan's Tax Expenditure Cap Marks a Step Forward

Chuck Marr | Posted 02.28.2014 | Politics
Chuck Marr

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

Camp and Hagel Swing for the Fences

Mark R. Kennedy | Posted 02.27.2014 | Politics
Mark R. Kennedy

If their boldness inspires President Obama and our nation to comprehensively reform and rebalance our federal fiscal framework in a manner fulfills its core commitments while nurturing economic vitality, they will have truly hit it out of the park.

Tax Reform: Republicans Abandon Their Own Baby

Robert L. Borosage | Posted 02.27.2014 | Politics
Robert L. Borosage

Remember the Republican promises about comprehensive tax reform? A flatter, simple tax code. Lower rates, paid for by closing loopholes. Well, never mind.

Camp Plan Hits Many Working Poor Families Hard, Taking $2,000 From Minimum Wage Mother

Bob Greenstein | Posted 02.27.2014 | Politics
Bob Greenstein

House Ways and Means Chairman Dave Camp's tax plan would produce winners and losers -- and among the big losers are many families in which parents are struggling to raise their children on poverty wages.

Camp Tax Reform Plan Likely Means Bigger Deficits After First Decade

Chye-Ching Huang | Posted 02.26.2014 | Politics
Chye-Ching Huang

On revenue neutrality, the plan uses revenue-raising provisions whose savings taper off or disappear after the first decade, and it includes a major tax cut whose full costs don't appear in the first decade.

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.

The Less-Than-Charitable Cost of Tax Reform

William Daroff | Posted 03.26.2014 | Politics
William Daroff

Even in our fragile economy, Americans still want to give back to those who need help the most. However, charitable giving will suffer should the deduction be limited.

Maybe It's Time to Find a New Word for "Reform"

Joseph A. Palermo | Posted 03.10.2014 | Politics
Joseph A. Palermo

Today, as Orwell predicted, we need a new political language. "Reform" is being used in our political discourse by the wealthy and corporate mouthpieces as code for privatizing and deregulating every public service they can get their greedy hands on.

Stability, Security, Prosperity

Harry L. Langer | Posted 03.09.2014 | Politics
Harry L. Langer

A wealth generating high and low tech industrial base is essential to supply the funds to support a service economy, obtain full employment, achieve a positive trade balance, sustain prosperity, maintain security, and reduce debt.

Where Mayor de Blasio Can Find Some Real Money

Carol Kellermann | Posted 03.08.2014 | New York
Carol Kellermann

Mayor de Blasio is already committed to pursuing tax changes in Albany (a millionaires' tax needs State approval), and he should make property tax reforms a key element of advocacy.