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While His Base Rages, Obama Faces Tax-Cut Reality - Tax breaks - AEI
Reality strikes. President Obama spurned the advice of columnists Paul Krugman and Katrina vanden Heuvel and agreed with Republicans to extend the current income tax rates–the so-called Bush tax...
View ArticleWhy almost everyone is wrong about tax reform - Tax breaks - AEI
Almost everyone thinks we should broaden the tax base; that is, reduce the number and size of tax deductions, exclusions and credits. The Bowles-Simpson fiscal-reform plan went after tax breaks so...
View ArticleTotal tax-code termination? - Tax breaks - AEI
It would be the ultimate fiscal cliff. A group of House Republicans wants to put an expiration date on the 75,000-page U.S. tax code. The Tax Code Termination Act would require the repeal of the entire...
View ArticleDisdain for Wal-Mart subsidies in Red America town - Tax breaks - AEI
Macclenny, Florida Gator Patrick’s is thick with cigarette smoke and country music. All drafts are $1.50 and served in a plastic cup. Cans are $2, and bottles are $2.50. A Confederate flag mosaic made...
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Export-Import Bank fight shows Democrats’ hypocrisy - Tax breaks - AEI
Democrats don’t like it when rich Americans get tax breaks, but they’ll fight tooth and nail for U.S. subsidies to Iran’s state-owned airline. Democrats’ rhetoric said Big Business is bad, but...
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Who Will Pay for Hillary Clinton’s Tax-Code Social Engineering? - Tax breaks...
Being a parent isn’t easy. From diaper changes to afterschool activities to helping with homework, parenting is a lot of work. And then there’s the cost. The Department of Agriculture estimates that it...
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IRS ruling sheds light on bizarre world of targeted tax breaks - Tax breaks -...
In its zeal to manage the economy and win political support, Congress often turns to targeted tax breaks. Unlike broad-based tax cuts, these provisions feature intricate eligibility rules that award...
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Sure, 529 plans benefit the wealthy — but what about student loan...
Tax-advantaged college savings plans, known as 529 plans, enjoy considerable support on the political right and left. Who could be against a policy that helps families save for college by waiving...
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Even with big tax breaks, a city landing Amazon’s HQ2 would be a lucky break...
Some observers see as unseemly the city vs. city bidding war for Amazon’s HQ2. They also think it’s a short-sighted economic gamble, perhaps becoming a catastrophic success for the winning city with...
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A tax break for graduate students not worth saving - Tax breaks - AEI
One of the more surprising stories about the tax reform bill Congress passed this week was the so-called “grad student tax” that lawmakers agreed to leave out of the final bill. The House would have...
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Trump’s little-noticed war on hidden taxes - Tax breaks - AEI
The New York Federal Reserve estimates the U.S. economy will grow at an annual rate of nearly 4 percent in the fourth quarter. That would be after breaking 3 percent growth in the second and third...
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The new tax law expands the bizarre world of targeted tax breaks - Tax breaks...
In a May 2017 post about the bizarre world of targeted tax breaks, I described the absurd rules governing the small business stock exclusion. Unfortunately, the tax law enacted on December 22 maintains...
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The GOP tax law used to be extremely unpopular. Not anymore. - Tax breaks - AEI
When the Republican-controlled Congress first approved its tax bill in December, most Democrats believed it would be a political loser for the GOP. Indeed, a New York Times poll found that just 37...
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Everyone seems confused about how the Trump tax cuts are supposed to work -...
If you’re a critic of President Trump or Trumponomics, then this Reuters headline certainly confirms your priors: “$1.5 trillion U.S. tax cut has no major impact on business capex plans: survey.” To be...
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Best sentence I read today…. - Tax breaks - AEI
… is from Jonah Goldberg’s National Review article “New Deals (Even Green Ones) Are Bonanzas for Big Business“: But what’s just astounding to me is how Democrats can (almost in one breath, figuratively...
View ArticleGet rid of the state-tax deduction altogether - Tax breaks - AEI
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Tax Breaks for the Wealthy Do Boost Economy
Once again, tax policy is playing a central role in the election campaigns across the country. While almost all politicians appear to favor the extension of tax cuts for low- and middle-income...
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Pigs Fly as Washington Faces Up to Deficit Peril
Last week in Washington, beneath a flock of pigs flying south in a majestic V formation, the co-chairmen of President Barack Obama’s deficit commission released a plan that actually could solve the...
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While His Base Rages, Obama Faces Tax-Cut Reality
Reality strikes. President Obama spurned the advice of columnists Paul Krugman and Katrina vanden Heuvel and agreed with Republicans to extend the current income tax rates–the so-called Bush tax...
View ArticleWhy almost everyone is wrong about tax reform
Almost everyone thinks we should broaden the tax base; that is, reduce the number and size of tax deductions, exclusions and credits. The Bowles-Simpson fiscal-reform plan went after tax breaks so...
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