Blog Profile / Business in The Beltway

Filed Under:Business & Finance
Posts on Regator:394
Posts / Week:1.2
Archived Since:February 28, 2011

Blog Post Archive

Asking The IRS To Do More With Less, Yet Again

President Trump would cut the IRS budget. The agency has had to do more with less for a decade. It is not sustainable.

Trump’s Tax Return Shows How Crude A Last-Ditch Safety Net The AMT Is

In the case of the president's 2005 return, the Alternative Minimum Tax did its job, making sure a high income household paid tax roughly in line with others in its income bracket. But his return underlines that the AMT isn’t a solution to a leaky tax code, it is a symptom of a deeply flawed law.

House GOP Health Plan Would Finance Tax Cuts by Reducing Medicaid and Insurance Subsidies

House GOP health bill would cut Medicaid and insurance subsidies, use the money to reduce taxes--mostly for the rich--and reduce the deficit.

Do The Tax Provisions Of the House GOP Health Bill Pass Their Own Tax Reform Test?

The House Republicans want health reform and tax reform. But do the tax provisions of the health bill achieve the goals of tax reform?

How Russia And The Affordable Care Act Are Killing Tax Reform

The odds of tax reform seem to be slipping away, but oddly, a White House mired in scandal and a Congress battling over health care may boost the chances of a different kind of crowd-pleasing tax bill.

The Fiscal Math That Will Confound President Trump

Congress won't give Trump the spending cuts he wants. What will that mean for his promised tax cuts?

Border Adjusted Taxes And A ‘Big Border Tax’ Are Not The Same: Here Are Four Reasons Why

The House GOP's plan for border adjusted taxes and Donald trump's 'big border tax' sound like the same thing. They are not. Here's why.

Trump And House GOP’s Business Cash Flow Tax Could Actually Reduce Investment

Economists may wish that companies behaved in line with the assumptions in their traditional models, but Congress should construct tax policy based on how they actually do business. Here's why replacing the business income tax with a business cash-flow could depress economic growth.

Bye-Bye, Tax Reform; Hello, Tax Relief

Why The Trump Administration is ditching tax reform in favor of tax relief--and why it matters.

Trump’s Ever-Changing Tax Plan Changes Again

Last year, proposed an extremely aggressive plan that would have distributed big tax cuts to all Americans (but especially to the highest-income households) and added $11 trillion to the budget deficit over 10 years. Last month, he proposed Trump 2.0, which scaled back many of those proposals. Today, he rolled out Trump 3.0—an even more modest […]

We Are Learning Less About Trump’s Tax Plan, Not More

As presidential campaigns grind on, we often learn more details about each candidate’s policy agenda. But when it comes to ’s tax plan, we know far less today than we did 10 months ago. Last September, Trump unveiled a relatively specific tax plan. Today, that’s effectively been replaced by eight bullet points, only four of […]

Why Federal Taxes Are Progressive

The US federal tax system is highly, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative income for households with low income. Updated estimates from the Tax Policy Center project that effective federal tax rates this year will range from 3.5 percent for households in the lowest-income quintile […]

A Closer Look At Those Who Pay No Income Or Payroll Taxes

The Tax Policy Center has updated its estimate of the percentage of Americans who pay no federal individual income taxes. And the number is: 44 percent—roughly what it was last year but well below the 50 percent peak during the Great Recession. TPC projects the fraction will decline slowly to 40 percent a decade from now. Of […]

Exxon — Yes, Exxon — Backs A Carbon Tax

The oil and gas giant has passively indicated support for a carbon tax for years, but now it's engaging in active advocacy, arguing that a single federal carbon tax would be preferable to a patchwork of state regulation and taxes. And that is why such a tax eventually could win widespread support of the business community—fundamentally changing the politics of carbon taxes.

What Trump’s Tax and Spending Plan Could Mean For Interest Rates

’s tax and spending plan could nearly triple interest rates and increase the federal government’s debt by $14 trillion by 2026, according to an estimate by Mark Zandi and his colleagues at Moody’s Analytics. In 2018, the federal government could be paying more than $900 billion in interest—nearly twice what it pays today. By 2026, […]

A New Way To Tax Corporations At The Shareholder Level

In a rare bit of bipartisan consensus, lawmakers of both parties agree that the U.S. needs to fix its corporate tax system. Statutory rates are among the highest in the world, yet many firms are so good at shifting income to low-tax jurisdictions that they pay effective tax rates in the single-digits.  But while the […]

Is A Salt Tax In America’s Future?

The guidelines on salt content that the FDA proposed this week are only voluntary targets. If they don't succeed in reducing salt consumption, policymakers might consider taking a step pioneered by Hungary: a salt tax.

EPA Has Designed Its Clean Power Plan To Evade Court Review

Will courts overturn the Obama administration's new regulations to reduce carbon dioxide emissions? It may not matter: The EPA is mandating extremely short compliance deadlines that will require utilities to commit to retiring plants and building costly new infrastructure long before the judicial review process will be completed.

Busting Five Tax Day Myths

Since Tax Day is tomorrow, it seems like a good time to bust a few myths about taxes. Here are five of the biggest misperceptions about the federal revenue code. Most of the info comes from two sources: the Tax Center’s Tax Topics (a trove of great information about who pays what) and the IRS2014 […]

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