#Tax Policy

Who says that Democrats and Republicans can't reach a grand bargain? Harry Reid and Paul Ryan seem to have it figured out. If Democrats and Republicans don’t demand compromises from each other, everyone can get along. It’s the perfect political grand…

Legislation recently introduced in the Senate would strip away the tax-exempt status of professional sports leagues, including the NFL, NHL and PGA. (MLB switched its tax status to a limited liability corporation in 2007.)The bill, introduced by Sen. Tom Coburn…

Profitable American companies pay an average of only 12.6 percent of their income in taxes, much less than the official 35 percent corporate tax rate, according to a study released this month by the Government Accountability Office (GAO).Many special provisions…

In a letter last week to their Senate colleagues, the chairman and ranking member of the Senate Finance Committee -- Max Baucus (D-Mont.) and Orrin Hatch (R-Utah) -- explained their plans to push for dramatic reform of the tax code.The…

Tax reform gained renewed attention in Washington following a report on tax expenditures from the Congressional Budget Office (CBO) and a Senate subcommittee hearing that focused on Apple’s extensive use of certain breaks to lower its tax bill.The CBO released…

While there are plenty of distractions these days in Washington, elected officials should try to remember that much remains to be done to meet the nation’s fiscal challenges.“Members of Congress in both parties need to stop playing make-believe with voters…

Last Thursday, the Bipartisan Policy Center’s (BPC) Health Care Cost Containment Initiative released a comprehensive plan to increase efficiency and reduce costs while reorienting the nation’s health care system to become more patient-centered. That combination would ideally lead not only…

Alan Simpson and Erskine Bowles, who led a national fiscal commission to a bipartisan set of recommendations in late 2010, have released a new budget plan that shows once again that a mix of spending cuts and revenue increases can…