|Filed Under:||Business & Finance|
|Posts on Regator:||312|
|Posts / Week:||2.7|
|Archived Since:||February 28, 2011|
While it added a few interesting twists, Apple cut its taxes with the same tools multinationals have been using for years to minimize their worldwide tax liability.
Congress and the Supreme Court's Citizens United decision threw the IRS into a lose-lose situation. And the agency has lost. Why are we surprised?
This unsavory episode shines a light on the need for Congress to change the law that gives tax-exempt status to political groups of all ideological stripes that do not deserve it.
The giant housing finance company has received billions of dollars of taxpayer support. Its half of a $153 million settlement with investors may be the latest insult and injury to taxpayers.
Immigration policy poses an unusual challenge for the Congressional Budget Office and the Joint Committee on Taxation. If Congress allows more people into the United States, our population, labor force, and economy will all get bigger. But CBO and JCT usually hold employment, gross domestic product (GDP), and other macroeconomic variables constant when making their [...]
This guest article is by Aaron McKethan, senior vice president of strategy at RxAnte and a visiting scholar at the Brookings Institution. Billions of dollars in venture capital is being poured into new innovations to improve health care. Devices remotely monitor patient health; smart phone apps help patients manage their exercise and schedule appointments with [...]
From the start of his 2008 campaign, President Obama has called for raising taxes on the rich. He got much but not all that he wanted in the American Taxpayer Relief Act (ATRA) earlier this year. Now his FY2014 budget takes another couple of bites at that apple. The first repeats his proposal to cap [...]
A close look at the points of agreement in the budget proposals from the White House and Congress show that the battle is over spending, not taxes.
The 1996 Defense of Marriage Act (DOMA) was not primarily a tax law but it certainly affects the federal taxes that same-sex couples pay. In fact, taxes are the basis for the second of the two cases concerning same-sex marriage that the Supreme Court will hear this week. Although the federal government generally recognizes state [...]
As long as House Republicans hold to their position that no tax increase of any size under any circumstance is acceptable, there will be no final budget resolution for 2014.
The fiscal plan promises to raise taxes on big business and the rich by $975 billion over 10 years by eliminating preferences. Fat chance.
The political response to the Tax Center’s analysis of House Budget Committee chairman Paul Ryan’s (R-WI) fiscal plan was predictable, and mostly based on caricatures of what TPC actually concluded. To review: TPC found that tax cuts similar to those described in the committee’s plan would add $5.7 trillion to the budget deficit over the [...]
Think of the federal budget as an expression of government priorities described by numbers and words. This week, we’ve seen two widely divergent views of the federal role in people’s lives, one from the Republican-controlled House Budget Committee and the other from the Democratic-controlled Senate Budget Committee. When you look at the numbers alone, you [...]
House Budget Committee Chair Paul Ryan (R-WI) has proposed a controversial plan to balance the budget in 10 years, entirely by cutting planned spending by $4.6 trillion. While Ryan includes lots of specific spending cuts, his tax agenda is far less clear. In some respects, the former GOP vice presidential candidate mimics the tactics of [...]
States trying to decide whether to expand their Medicaid programs to cover more low-income uninsured might want to take a look at the fate of a more obscure federal program—cash subsidies to state and local governments that sell certain kinds of bonds, especially Build America . If they do, they’ll see what happens to a [...]
Changing the way government adjusts spending and taxes for inflation is one of those issues that continues to hang around the edges of the budget debate. Republicans and many economists argue for shifting to a more accurate inflation measure, called the chained Consumer Price Index (CPI). President Obama would support a version as part of a [...]
Co-authored with Berin Szoka. Susan Crawford thinks she sees the future of the Internet—and it isn’t pretty: Cable companies monopolizing broadband, charging too much, withholding content and keeping speeds low, all in order to suppress disruptive innovation. Show More Summary
I suspect that by early next week, the sequester will be old news. We’ll be on to the next crisis—the impending government shutdown scheduled for just a month from now. And there may be good reason for that—any deal to avoid the shutdown will almost surely replace the effects of the sequester, at least for [...]
Senator Jeff Sessions (R-AL) has created quite a stir with his estimates that every household below the poverty level receives an average of $168-a-day (or about $61,000-a-year) in government welfare. Sessions’ calculations are extremely controversial and overstate the amount of government assistance for those in poverty. Show More Summary
As regular readers of Tax Vox know, I don’t believe there is much chance President Obama and Congress will agree on individual broad-based tax reform in 2013. Without a deal on how much this new tax system should raise, talking about a big rewrite is futile. However, Obama and Congress still have an opportunity to do something very [...]