Archive for the ‘Tax Policy’ Category

The Tax Reform Trap, WaPo and NYT Editions

October 2nd, 2012

A nice editorial in this AMs WaPo makes a point I’m always looking to amplify around here: when tax reformers talk about broadening the base and lowering the rate, be very careful.  You might well end up with the lower rates, the same tax base, and thus larger budget deficits and more pressure to cut… Read more

Distributional Impacts of Tax Cuts and Spending Cuts

October 2nd, 2012

Just thinking about a point that I thought deserved greater amplification given the debates of the moment—a couple of factoids that combine a number of interesting dynamics currently under discussion. Gov Romney’s tax plan is consistently criticized as being mathematically impossible in the following cents sense: He wants to a) cuts federal income tax rates… Read more

More Cliff Notes

October 2nd, 2012

Let’s start off the week with a few interesting pictures re the impact of the fiscal cliff. The Tax Policy Center has a new paper out showing the impact of the many tax increases that comprise by far the lion’s share of the fiscal contraction from the cliff—over $500 billion in higher taxes would kick in next… Read more