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What Difference Would Ryan’s EITC Expansion Make for Childless Workers?

July 29, 2014

We’ve explained that House Budget Committee Chairman Paul Ryan’s proposed expansion of the Earned Income Tax Credit (EITC) for childless adults, including non-custodial parents, would encourage work and reduce poverty.  This interactive chart allows you to compare the EITC that childless...

Plug the Inversion Loophole Now

July 22, 2014

The New York Times’ latest “Room for Debate” feature asks how the United States can stop corporations from moving their headquarters overseas — known as corporate “inversions” — to avoid...

John Oliver Debunks Some Estate Tax Myths

July 14, 2014

John Oliver’s HBO show this weekend featured a segment on income and wealth inequality (warning: colorful language!), and Oliver cited file type icon our paper showing that 99.86 percent of all estates in 2013 owed no estate tax (see chart).


As Oliver...

Six Reasons Why a Tax Holiday for Multinationals Is a Bad Idea

June 19, 2014

6-19-14tax.PNGWe highlighted new Joint Committee on Taxation estimates last week that giving multinational corporations another “repatriation tax holiday” to encourage them to bring overseas profits back to the United States would cost $96 billion over the first decade...

IMF Joins Calls for Strengthening EITC and Minimum Wage

June 18, 2014

We noted yesterday a new report by the Organisation for Economic Co-operation and Development (OECD) describes the Earned Income Tax Credit (EITC) as “effective in fighting poverty and encouraging work” and calls for expanding the EITC and lifting the federal minimum wage.  My colleague Jared...

OECD Calls for Strengthening EITC and Minimum Wage

June 17, 2014

The Earned Income Tax Credit (EITC) “has been effective in fighting poverty and encouraging work,” the Organisation for Economic Co-operation and Development’s (OECD) new Economic Survey of the United States finds.  The report recommends expanding...

Repatriation Tax Holiday Can’t “Pay for” Anything, New JCT Figures Show

June 9, 2014

6-9-14tax.jpgVarious policymakers have proposed a “repatriation tax holiday,” which allows multinational corporations to bring profits they hold overseas back to the United States at a temporary, vastly reduced tax rate, to help “pay for” infrastructure, including addressing shortfalls in the Highway Trust Fund.  In reality, however, a repatriation tax holiday can’t pay for...

Congress Should Promptly Enact Legislation to Help Close Tax-Driven Corporate “Inversions” Loophole

May 21, 2014

U.S. drug giant Pfizer’s recent effort to merge with much smaller United Kingdom-based AstraZeneca, and then convert itself into a “U.K. company” and avoid U.S. corporate taxes — even though its U.S. shareholders would continue to own a majority in the merged company — highlighted a...

No, the OECD Didn’t Say We Already Do a Lot to Reduce Inequality

May 12, 2014

Critics of proposals to reduce income inequality sometimes cite a 2008 Organisation for Economic Co-Operation and Development (OECD) report that found, among other things, that the...

Bad Decisions on Tax Extenders Will Haunt Us in Tax Reform

May 9, 2014

Wonkblog today notes that the debate over making the corporate tax breaks known as “tax extenders” permanent and not paying for them “is really about tax reform.”  More specifically, it’s about how much a future tax reform package could...