Much as I hate to write these words, tax reform isn’t going to happen in the coming year, or even in the year after that. The bipartisan tax deal reached by President Obama and Congress earlier this month, along with a few kind words about closing tax loopholes from a handful of GOP lawmakers, has some reformers uncharacteristically optimistic about a quick agreement to revise the revenue code. But, sadly, they are wrong.
Posts Tagged ‘main page’
Tax Reform Won’t Happen in 2011 (or 2012)
December 28th, 2010 
admin 
Posted in News 
Tags: chairman, congress, democrats, main page, money, president, president-obama, tax-reform, white, year 
No Comments »The Tax Vox 2010 Lump of Coal Award, Job-Killing Edition
December 23rd, 2010 MisterX68048 It’s time for Tax Vox’s fourth annual Lump of Coal Award, given to 2010’s worst moments in fiscal policy. Bad law, outrageous rhetoric, and months of inaction made it tough to choose, but here are our Top 10 nominees: 10. A GOP leadership that sees “job-killers’ everywhere.
Posted in News Tags: america, congress, deficit, democratic, expiring, johnny-depp, main page, nearly-everyone, News, president, real-estate, white No Comments »Obama-GOP Compromise Tax Plan on TPC’s Tax Calculator
December 22nd, 2010 admin In a flurry of lame-duck activity, Congress quickly passed the Obama-GOP compromise tax plan and the president signed it into law.
Posted in News Tags: calculator, cuts-or-had, individual-tax, main page, patch-or-see, president, simply-extended, the-2001-03, the-calculator, under-the-new, will-affect No Comments »Johnny Depp and the New Tax Law
December 17th, 2010 MisterX68048 When the President signs the big tax deal later today, will he be cutting income taxes for most families or sparing them a tax hike? Will he be slashing the estate tax or resurrecting it
The Obama-GOP Tax Deal May Be Bipartisan, But It Isn’t Stimulus and It Isn’t Smart
December 16th, 2010 MisterX68048 A modest thought experiment: Here is a check for $858 billion. Your job is to boost short-term economic growth. What would you do with the money?
Posted in News Tags: bush, economic stimulus, house, individual income taxes, main page, money, obama, package, president, president-obama, real-estate, senate, tax extenders, united-states No Comments »Resurrecting the Estate Tax as a Shadow of Its Former Self
December 14th, 2010 MisterX68048 For nearly a year, we’ve had no federal estate tax.
Posted in News Tags: compromise, economy, estate, forgone-revenue, government, house, house-democrats, main page, one-year-hiatus, over-the-coming, over-the-next, president, president-obama, wealthiest, wealthy No Comments »Obama Should Send His Fiscal Commission’s Budget Plan to Congress
December 9th, 2010 MisterX68048 If ever President Obama needed a reason to back the recommendations of his fiscal commission, the tax deal he’s just cut with congressional Republicans should be it. Not only will this massive tax bill add hundreds of billions of dollars to the deficit, but it is turning into a political catastrophe for the White House
Posted in News Tags: america, crisis, debate, democrats, fiscal, main page, president, recommendations, social, social-security, terms, white No Comments »The Lame-Duck Congress: So Many Tax Issues, So Little Time
December 6th, 2010 admin As usual in December, personal finance columns are filled with end-of-year tax advice—all those things you should do before New Year’s to cut your tax bill. But 2010’s end-of-year issues are different: This year, it’s Congress and the president who need to act fast on a long list of tax policies.
Posted in News Tags: bush tax cuts, child, commissioner, congress, expire-at-year, main page, making, making-work, obama, people, president, president-obama No Comments »The Obama Deficit Panel’s Tax Reform Version 2.0
December 1st, 2010 admin The chairs of President Obama’s fiscal commission have refined—in some key ways—their broad-based tax reform plan.
Posted in News Tags: bowles, budget, deficit reduction, erskine-bowles, given-the-needs, gross-domestic, income, lower-the-rates, main page, president No Comments »Deficit Reduction. Tax Reform, and Budget Baselines
November 30th, 2010 admin How can it be that one commentator can blast the tax reform plan proposed a few weeks by the co-chairs of President Obama’s fiscal commission as a tax cut for the rich while another , looking at exactly the same proposal, sees it as a tax increase? It’s all about budget baselines
Posted in News Tags: average, baseline, budget, bush, clinton, congress, congressional, deficit reduction, main page, obama, people, president-obama, proposal No Comments »
