All Tax VOX
- The questions Trump’s tariff tweets failed to answer
Trying to parse President-elect Donald Trump’s recent threats against US manufacturers that move production overseas is not easy. One thing is sure: His tweet storm warning of new tariffs raises far more questions than it answers.
- A tax cut in exchange for more federal debt? Some taxpayers consider the tradeoff.
It is a good bet that Congress will cut taxes next year. A small, informal survey of a few taxpayers offers insight on how it would affect some Americans.
- California's state retirement program illustrates need for federal reform
California will soon enroll millions of its private sector workers in a state-managed savings program. It's a good start in increasing access to retirement planning, but it faces limits that would be better served on the national level.
- Trump’s Carrier deal sets a bad precedent
The Carrier reversal is great news for the Indianapolis workers who get to keep their jobs, at least for now. But it’s a bad deal for the other Carrier workers and Indiana taxpayers.
- Trump's treasury secretary pick has a very different tax plan than his boss
Steven Mnuchin says his tax plan would offset any reduction in upper-income taxes with fewer deductions, something that bears little resemblance to any of the multiple plans President-elect Trump proposed during the campaign.
- Could President Trump sell his business tax free?
The law is ambiguous, but the chances that Donald Trump could avoid paying tax on any profits from the sale of his businesses are 50/50 in the view of one policy expert.
- Enacting the Trump fiscal agenda won't be easy
The stock market has been ebullient since President-elect Donald Trump’s victory. Many financial experts are expecting quick congressional approval of infrastructure and defense spending and tax cuts. I would not spend the money yet, says one economist.
- Colorado’s ballot battle over health care may be the first of many
In Colorado, voters overwhelmingly rejected the idea of paying higher taxes for better access to health care.
- Will you pay sales tax on your online Black Friday and Cyber Monday shopping?
Many retailers don't charge sales tax for online purchases, but that doesn't mean you don't owe them.
- Who would be hit by Trump's proposed cap on itemized deductions?
In a new analysis, the Tax Policy Center finds that in 2017, Trump’s cap would affect only about 160,000 singles, a tiny fraction of the 89 million single taxpayers, and about 230,000 couples out of 59 million joint filers.
- Six bipartisan opportunities for president-elect Trump
To move beyond campaign promises that seldom add up for any candidate, here is how President-elect Trump could move forward in six policy areas even while facing extraordinary budget constraints.
- How Washington state's carbon tax initiative was defeated
Washington State voters rejected a ballot initiative that would have created the first carbon tax in the United States. The fossil fuel industry played a part, but so did progressive and environmental groups.
- Are US states ready for the next recession?
There will be another recession at some point, but no state has built a recession into their budget forecast yet. And they may not be prepared for one.
- Taxing multinationals can’t pay for both roads and tax rate reductions
Some seem convinced that the repatriation tax can grease both a big corporate tax cut and build all those new roads. It might do one or the other, but it cannot do both.
- Don’t confuse Trump’s tax cuts with tax reform
Beware the next time you hear politicians throw around a phrase like 'tax reform.' Pay more attention to what they propose than what they call it.
- Donald Trump's tax plan would hit single parents hard
On average, households throughout the income distribution would see their tax bills go down under Trump. But some would see an increase.
- Trump’s campaign rhetoric may have been populist, but his tax plan isn’t
On average, Trump would cut taxes for middle-income households making $48,000 to $83,000 by about $1,000 or 1.8 percent of their after-tax income. But he’d give those making more than $3.7 million (the top 0.1 percent) an average tax cut of more than $1 million, or 14 percent of their after-tax income.
- Five tax policy issues to watch in the Trump administration
Major tax cuts are coming in 2017. But the size and design of those cuts remain highly uncertain.
- Taxing questions on 11 state election ballots
From carbon taxes to education and marijuana, there are a wealth of tax initiatives to watch on Election Day.
- Both Clinton and Trump would reduce tax incentives for charitable giving
Both plans could result in less individual giving to charity.