Individual Taxes

VAT's Under Discussion  (Mar. 23)

Mike & Co. – In a stark departure from political history since Reagan and Goldwater, the Republican Party this year has struggled to come up with a unified tax message. Perhaps more odd, still, are the abrupt change in tone surrounding the tax debate, from the traditionally robustly pronounced to a muted, tentative, and confused …

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Tax Bills on the Hill (Mar. 11)

Mike & Co. — Yesterday, House Ways and Means chair Kevin Brady released a “budget savings package designed to cut taxes.”  Brady’s gambit reflects the growing buyers remorse regarding the omnibus agreement within the Freedom Caucus.  Hard liners have objected to the spending levels set in the Obama-Boehner deal; this package is meant to buy …

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HRC's Tax Policy (Jan. 17)

Mike & Co. — HRC added some key planks to her tax plan on Monday.  Her proposals increase federal revenues by $400-500 billion over ten years without increasing taxes for anyone earning less than $250,000 a year.   A third of the new revenue would come from a “fair share surcharge” levied on earnings exceeding $5 million taxed at the same rate, whether …

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2016 Tax Agenda on the Hill (Jan. 16)

Mike & Co.,  The hopes of even the most zealous advocate of tax reform must be modest this year, but brave talk is heard from some well-placed members.  Almost any reform would be seen as a crowning accomplishment for the new Speaker but the maw of election year politics militates against anything bipartisan and ambitious. …

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2016 Tax Policy Issues (Jan. 8)

Mike & Co. — The economy added 292,000 jobs last month, up from 252,000 in November. Unemployment was 5 percent, unchanged, with scant evidence of wage growth.  Labor force participation remained low, 62.6 percent, unchanged from November’s 62.5 percent, close to its lowest level since the 1970s.   Spring doesn’t feel around the corner but at least primary politics …

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