#Tax Policy

Diane Lim Rogers, chief economist for The Concord Coalition, told lawmakers today that reducing special provisions in the tax code that favor some taxpayers could simultaneously reduce the deficit, encourage economic growth and promote fairness. Appearing before the Senate Budget…

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…

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…

For the fourth time in four years, President Obama has tucked a little gem of a tax policy proposal into his budget: the proposal to limit the tax benefit of itemized deductions to 28 percent. It’s a great idea because…

A congressional conference committee resumes work today on legislation to extend unemployment benefits and a temporary cut in the payroll tax that provides funding for Social Security. Partisan differences – particularly on paying for the extensions -- led Congress late…

Congressional debate continues this week on plans to extend the Social Security tax cut, unemployment benefits and other expensive provisions that are about to expire. Last week the Senate again voted down earlier Democratic and Republican proposals that would have…

Senate Democrats have released a revised plan to extend and expand a temporary cut in the Social Security payroll tax after competing proposals on the issue from the two parties both failed in the Senate last week. The Democrats want…