tax reform
81 pieces tagged “tax reform”, newest first.
On Sunday, Americans Will Be Free
The nationwide average for paying off your total tax bill comes April 23. So how about some serious tax reform?
Caution Needed on Tax Reform
Beware of the value-added tax and carbon tax ideas being considered.
Two Completely Different Tax Approaches
Comparing and contrasting Clinton's and Trump's plans.
Tax Reform Is Having a Comeback
Overshadowed by this week's CNBC-versus-the-Republican-presidential-nominees brawl was the release of Ted Cruz's flat tax plan. The Texas senator would impose a 10 percent tax rate on wage earners and a 16 percent tax on businesses, with no deductions. "Flatter rates," says Cruz, "will make for a more rapid-growth economy." He's right: in virtually all the cases of the last 100 years, lower tax penalties on working and investing have led to more jobs and higher incomes.
Jindal Wants Everybody to Have 'Skin in the Game'
The governor's tax reform plan starts with a simple premise.
Speak Now, Congress, or Forever Maintain the Status Quo
The House of Representatives is looking for a new speaker. Such times of change present a perfect opportunity for Congress to reflect on what it should aspire to achieve. On top of the list is getting control of our fiscal situation by restraining government spending in ways that are consistent with a healthy and vibrant private sector. This will also make better tax policy more likely and help restrain debt levels.
Candidates AWOL on Plans to Cut Spending
Donald Trump is the most recent Republican presidential candidate to release a plan to reform our burdensome tax code. Though all the proposals are different, they share common characteristics. They would cut income tax rates on households, lower the tax code's bias against savings and investment, close some loopholes, and reform America's anti-competitive corporate income tax system. Now all they need to be politically credible are sister plans to produce concomitant levels of spending restraint. According to the Tax Foundation, none of these plans would be revenue-neutral. Contrary to what you hear, that's a good thing, because it means they would reduce the amount of money the government collects from us. Using a static model that assumes people do not change their behavior much, over 10 years government revenues would shrink by $2.97 trillion under Rand Paul's plan, by $4 trillion under Marco Rubio and Mike Lee's plan, by $3.6 trillion under Jeb Bush's plan, and by $11.98 trillion under Trump's plan.
Taxing Propositions
The White House Historical Association is promoting a Christmas ornament honoring our 30th president, Calvin Coolidge. This summer, Coolidge was added to the "racing presidents" feature at Washington Nationals home games, in which mascots representing past presidents sprint down the sideline. The club even gave away a Coolidge bobblehead doll. Does this mean the long-neglected Coolidge is making a comeback? I hope so, because his thoughts and policies, especially when it comes to taxes and spending, are needed today.
Trump: Millions Who Pay No Taxes Will Keep Paying No Taxes
Lowering rates for everybody while cutting deductions for the rich.