Taxes

The Road to Reconciliation

Update 554 — The Road to Reconciliation:Path, Process Ahead for Budget Resolution Last week, the House passed an FY2022 budget resolution, allowing the $3.5 trillion package to move forward via reconciliation, which requires only a simple majority to pass. In order to achieve the Democratic unity needed for passage, Speaker Pelosi promised a group of moderate Democrats …

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Tax Plans: Equity Analysis

Update 524 — Tax Plans: Equity AnalysisTax Code as Cause and Cure of Inequities President Biden shook markets yesterday with details of his tax plan he rolled out previously and precisely during the 2020 campaign. Democrats in Congress have a slew of tax proposals on the table as well, many of which are currently under …

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Taxes on the Table

Update 523 — Taxes on the Table:Whether, How to Pay for New Plans This week, we will look at tax policy and proposals under discussion from the administration and in Congress. Today, we look at the fiscal side of the equation, how to finance spending going forward. On Friday, we will examine tax equity: what …

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Fixing a Trumped-Up Code

Update 479: Fixing a Trumped-Up Code:Biden’s Fiscally Fair, Re-Balanced Budget Vice President Pence and Senator Kamala Harris face off tonight in the one and only Vice Presidential Debate of the cycle. We cover that critical encounter on Friday. Today, as prospects for a next coronavirus package waffle via twitter, we examine the tax plans (or …

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Welcome to Tax Day 2020

Update 455 — Welcome to Tax Day 2020:The Cost of Fighting COVID via the Code The Trump administration’s reflexive economic policy response to COVID — and just about everything else — has been tax cuts, breaks, deferrals, deductions, and delays. The COVID tax relief measures have gone under the radar but represent a kind of …

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Amazon To Apple After All

Update 402 — Amazon To Apple After All; A Bird in Manhattan Worth Two in da Bronx? This February, we wrote up Amazon’s decision to renege on plans to build a new second headquarters in Long Island City, after a furor over the $3 billion in public money at stake.  Fast forward to this past weekend …

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Tax Priorities and Possibilities

Update 393 — Tax Priorities and Possibilities:Congress’ 2019 Tax Dash; Warren’s 2020 Plan  Today, Sen. Elizabeth Warren released a $20.5 trillion proposal consisting of revenue raisers to pay for her Medicare for All plan.  The comprehensive proposal would make substantial changes to an array of tax titles, ruling out a direct tax increase on the …

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Midsummer’s Budget Stunner

Update 368 — Midsummer’s Budget Stunner;Niche of Living Dead/Tax Extenders Near You A deal to fund the government and raise the debt ceiling is in sight. The Pelosi/Mnuchin agreement will raise fiscal year 2020 spending caps for defense and non defense discretionary, about $320 billion total. From here, appropriators have until September 30 to draft, …

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