Taxes
Latest
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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...
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A Good Day for Tax Reform
Read moreWith Tax Day rapidly approaching and our nation’s fiscal problems being fiercely debated, the timing of today’s events couldn’t be more perfect. We’re...
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‘Line’ Items: Back from the Brink Edition
Read moreDeal on FY 2011 Spending Reached – A government shutdown was averted on Friday by an 11th hour agreement on federal spending for the rest of the...
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Between the ‘Line’s: Paths, Deadlines, Ceilings and Receipts
Read moreHouse GOP Budget Unveiled – On Tuesday, House Budget Committee Chairman Paul Ryan (R-WI) unveiled his fiscal year 2012 budget proposal, titled “The...
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Sens. Wyden and Coats Introduce Tax Reform Legislation
Read moreToday, Senators Ron Wyden (D-OR) and Dan Coats (R-IN) introduced bipartisan legislation to comprehensively reform the existing U.S. tax system in a...
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"Meet the Generations": Generation X
Read moreMeet Kate, a fictitious 41 year old Generation X member. How will our leaders’ fiscal choices affect her life? In our fifth and final installment of...
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Rep. Schakowsky Introduces Legislation to Raise Taxes on Millionaires and Billionaires
Read moreYesterday Rep. Jan Schakowsky (D-IL) introduced a proposal to raise federal taxes for very high-earners - The Fairness in Taxation Act. The proposed...
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Senator Sanders Proposes Revenue Increases to Address the Deficit
Read moreUpdated : Representative Jan Schakowsky (D-IL), formerly of the President's Fiscal Commission, has introduced similar legislation in the House. Sen...