Archive for the ‘Tax Policy’ Category

Today’s head-scratcher: Why, like the moth to the flame, are Republican candidates so drawn to supply-side tax cuts?

February 23rd, 2016

Let me paraphrase that title a bit: why are they so forthcoming about it in the midst of an anti-establishment election? Read this useful NYT review of the depth of the R candidates tax-cut proposals. The tax plans of the Republican presidential candidates would cut federal revenues as much as $12 trillion over a decade,… Read more

Another tax loophole that needs to be closed–one you did not know about.

February 12th, 2016

Quick, think of the most egregious tax loophole you’d like to see closed. Many people, and not just lefties, will think of the carried interest loophole, where hedge fund managers get to pay capital gains rates (~24%) on their earnings (which would otherwise face the top marginal rate of ~40%). A fine choice, widely perceived… Read more

How states can stop wasting their taxpayers’ money

February 8th, 2016

[This post was written jointly with Ben Spielberg] Most state governors want to bring more businesses and employment to their states and maintain sustainable budgets. An important new paper from two of our colleagues, Michael Mazerov and Mike Leachman (M&L), provides a new and important insight in this regard: incentives in the form of tax… Read more

Yes, Virginia…there is an aggressive and highly successful anti-tax lobby

December 31st, 2015

The Wall St. Journal ran an interesting piece this morning showing how the effective tax rate—taxes as a share of income—spiked up significantly in 2013 for the wealthiest taxpayers due to an increase in the tax rate on capital gains. This is important information and the piece appropriately highlights how the higher rate sharply increased… Read more