All Tax VOX
- Two important new federal retirement savings initiatives
The Obama administration is addressing the 55 million Americans who do not save for retirement. The new initiatives will make saving easier than ever.
- Most women need to save more
Most women are coming up short in retirement savings. This shortage could be due to a lack of effect tax incentives or a lack of resources. Either way, women should be saving more.
- Marco Rubio's gas tax cuts would give greater flexibility and political fights
Marco Rubio's plan to cut federal gas tax and federal aid for transportation projects would give states greater flexibility, but also cause disputes on interstate projects.
- Could we get the tax code down to 3 pages? Would we want to?
Republican presidential candidates want to trim the tax code, but that would mean ceding massive new authority to the Treasury Department and the IRS. They probably don't want that.
- The GOP debate showed signs of division over conservatism
Last night's GOP debate showed some division within the Republican ranks. This article highlights the discrepancies.
- Should governments tax harmful products?
Mexico's junk food tax is an example of how governments often tax harmful products, but is taxing a product to stop harmful actions always a viable option?
- 2015 ballot measure results usher in tax cuts and, sometimes, marijuana
While most states are voting to make tax hikes more difficult, many are still uncertain about marijuana. This article details many of the results seen.
- Tax reform is possible, but not easy
Substantial tax reform may still be possible, but not easy. The biggest hurtle isn't in forming a comprehensive plan, which has been done before, but in selling it to members of congress.
- EITC compliance could improve with regulation
Most low-income families that are benefiting from the Earned Income Tax Credit need the help of a paid preparer. These perparers can make mistakes at the expense of the families. Regulation may help stop this.
- President Bush showed bipartisan tax reform is possible
A bipartisan tax reform deal might seem like a lost cause, but President Bush showed us it can be done.
- Budget deal takes small steps to combat large partnerships
The bi-partisan budget deal takes a small, but meaningful step toward cracking down on tax avoidance by large partnerships. It might not do enough, but it is signaling the right direction to head.
- The plan to aid Puerto Rico falls short
Puerto Rico's financial burdens may not be completely relieved by President Obama's latest plan to help. However, there is potential for the island territory.
- Boehner/Obama's new budget deal is littered with gimmicks
The new budget plan that House Speaker John Boehner and the Obama administration reached is filled with some fiscal tactics that won't reduce spending nearly as much as it appears. Although, some spending is cut, it is still unknown if Republicans will vote in favor of the bill.
- Is there an alternative to the Cadillac Tax?
Some opponents of the Cadillac Tax are promoting an alternative cap on the current tax exclusion for employer contributions to health insurance. However, the numbers make them look almost identical.
- New Canadian Prime Minister looks to run a deficit
The new Canadian Prime Minister, Justin Trudeau, plans on running a deficit for the next three years and promises to balance it by 2019. This brief will help keep you up to date on this and other tax news.
- Impossible fiscal promises made by presidential candidates
As presidential candidate campaigns heat up, big promises are being made by candidates on both sides of the political spectrum. The common denominator of the promises made so far is an inability to explain how they will be paid for without sinking the nation in debt.
- The debt limit debate is back
In less than a month, the federal government won't be able to pay its bills. A debit limit raise must happen, but with a divisive Congress, will it happen?
- Could a Los Angeles 'gun tax' discourage ownership?
Los Angeles city councilmen say a gun tax could raise up to $1 million per year for the city. The tax would echo similar moves in other cities, including Chicago.
- Could a carbon tax have prevented the Volkswagen scandal?
Some think that a carbon tax may have prevented the Volkswagen diesel scandal. A straightforward carbon tax has the potential to replace the confusing stick-and-carrot system we have currently. There would be less incentive to cheat.
- Presidential candidates are making Wall Street pay
Presidential candidates have recently proposed new Wall Street taxes. The differences and similarities reflect the candidates.