By Miriam McKeown Congressman Dennis Ross (R-FL) is making efforts to relieve bipartisan stress and initiate action on reducing the nation’s debt. Earlier this week he submitted two bills that would reduce government spending, the BOLD Act and the ZERO Act. The BOLD Act seeks to reform how the government handles money by reducing the … Continue reading »
“The hardest thing in the world to understand is the income tax.” - Albert Einstein Mitt Romney has a tax plan. He wants to lower tax rates for everyone and get rid of some tax deductions. The details of the plan and who will be benefit are hotly debated topics and seemingly an entire industry has … Continue reading »
“So we have a consensus. Nobody likes the Buffett Rule,” said Howard Gleckman, resident fellow at the Urban-Brookings Tax Policy Center and moderator of a forum today on whether the rich should pay higher taxes. The event’s expert panelists may not have agreed on what our tax code should look like, but they did agree … Continue reading »
By Will Portman The Occupy movement has brought income inequality to the forefront of the national political discussion over the past year, even if both the movement and the issue have faded in recent months. Occupy protestors are concerned about the growing wealth gap in the U.S., pointing to studies like the recent Congressional Budget Office … Continue reading »
The President announced his support today for corporate tax reform that reduces the rate to 28 percent by eliminating expenditures in the tax code, deductions, credits and the like. Ostensibly this reduction is a show of goodwill and a step forward. Yet under closer scrutiny, the President’s proposal hypocritically reinforces existing tax expenditures and fails … Continue reading »
By Logan Albright Today, President Obama unveiled a plan to cut the corporate tax rate from its current level of 35 percent to 28 percent while eliminating deductions and loopholes with the aim of raising $250 billion of additional revenue over the next ten years. On its face, this sounds like a sensible proposal designed … Continue reading »
Today’s hearings in the Senate and House Budget Committees highlight the ocean of varying perspectives on the President’s budget and the appropriate approach to take on essential reforms and deficit reduction. Though committee members were certainly guilty of playing the blame game, on both sides of the aisle, many showed a genuine concern for our … Continue reading »
Yesterday, the President announced his budget for fiscal year 2013, a plan that, if implemented, would raise taxes and burden younger Americans with a legacy of chronic budget deficits. The budget the President is proposing is a house of cards on a foundation of volatile debt that is quite obviously not “built to last.” During … Continue reading »
Following a jobs report released this morning showing the unemployment rate dropped from 8.5 to 8.3 percent last month, the President emphasized his plan to keep the economy growing at a fire station in Arlington, Virginia. “The economy is growing stronger. The recovery is speeding up. And we’ve got to do everything in our power … Continue reading »
In last year’s State of the Union address, President Obama laid out a bold agenda and admitted to a politically divided Congress, “We will move forward together, or not at all.” On taxes and federal deficits (and too many other issues), time has shown the latter to be true. The President concocted a recipe for … Continue reading »
