Taxes
Latest
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Taking a Closer Look at the Charitable Deduction
Read moreThough recent discussion about "spending in the tax code" has brought fresh attention to tax expenditures, much of the discussion has been about how...
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It Depends on What You Mean by 'Almost as Large'
Read moreIt seems like we are having Social Security deja vu. Just a couple weeks ago, we basically repeated our response from last September to those who...
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Biden Group Talks Update: Searching for More Cuts and Talking Triggers
Read moreThe Biden group of debt negotiations resumed on Tuesday with the fourth meeting of the bipartisan group of lawmakers chaired by Vice President Biden...
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‘Line’ Items: Playoffs Edition
Read moreCrunch Time – The playoffs are well underway in the NBA and NHL. A playoff atmosphere is also brewing in Washington even though the home teams are not...
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Between the ‘Line’s: Meetings, Plans, Halfsies and One Cent
Read moreNo Deficit of Talk – At least there no longer is a deficit of discussion when it comes to our fiscal situation. House Speaker John Boehner (R-OH) gave...
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‘Line’ Items: May Flowers Edition
Read moreWhat Will Bloom This Month? – In April we were showered with fiscal policy developments: namely, a last-minute FY 2011 budget deal; a deluge of budget...
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Between the ‘Line’s: Limits, Meetings, Triggers, and Cloture
Read moreBumping Up on the Debt Ceiling – On Monday, Treasury Secretary Tim Geithner sent a letter to congressional leaders saying that his department this...
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Martin Feldstein: Raise Taxes, but Not Tax Rates
Read moreAn op-ed in today's New York Times by Harvard economics professor Martin Feldstein says that while reducing our debt will require more revenue, that...
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A Special 10/40
Read moreIn the spirit of Tax Day today the Bottom Line presents its own special “10/40” (don’t worry; we aren’t filing this with the IRS). Just saying the...
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‘Line’ Items: Tax Day Edition
Read moreHappy Tax Day – Today is about the consequences of procrastination for the great many waiting until the last minute to file their federal income tax...
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Actually, Comprehensive Tax Reform Can Be Progressive
Read moreCongressman Ryan has come under attack, recently, for the tax reform framework in the House Republican budget proposal. CBPP calls it "huge tax...
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Giving Taxpayers a Receipt
Read moreJust in time for Tax Day on Monday, the White House website has launched a taxpayer receipt. By entering what one has paid in federal taxes, the new...