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President Obama last week released a “framework” for reform of U.S. corporate and small business taxes that would be in addition to recommendations in his 2013 budget for significant changes in individual taxes. Many of the business tax proposals were…

As elected officials and political candidates continue to debate the nation’s fiscal problems, The Concord Coalition this week emphasized the need for Washington to deal with long-term “structural” deficits in the federal budget even as short-term measures are used to…

In his Fiscal Year 2013 budget, President Obama proposes an array of tax proposals. Some of his suggestions are new and would move the country’s unfair, inefficient and overly complex tax system in a positive direction. But some of the…

Administration officials defended the President’s budget at committee hearings last week that followed an all-too-familiar script: Democrats supported the budget, Republicans condemned it, and there appeared to be little room for bipartisan compromise in the near future. At House and…

President Obama is expected to quickly sign legislation to extend the payroll tax cut, unemployment benefits and the “doc fix” on Medicare reimbursements through the end of the year, but unfortunately without an adequate financing plan.After months of partisan jousting…

House Republican leaders say they could introduce legislation this week to extend the Social Security payroll tax holiday through the end of the year without offsetting the cost. The announcement Monday came after continued haggling between Democrats and Republicans over…

In recent years President Obama has repeatedly suggested limiting the tax benefits on itemized deductions to 28 percent, a proposal that the Congress Budget Office has estimated could raise $293 billion over 10 years. (more…)

President Obama’s new budget calls for substantial tax reform, higher taxes on the wealthy, cuts in some programs and additional spending in others. The plan drew heavy criticism from Republicans and mixed reviews from The Concord Coalition and other non-partisan…