Taxpayers 'Terrorized' By Complexity In 1919
Some of the most intractable problems plaguing the federal tax system have been around for a long time. Complaints about complexity, for instance, appeared…
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Some of the most intractable problems plaguing the federal tax system have been around for a long time. Complaints about complexity, for instance, appeared…
In an effort to trade an increase in the debt ceiling for spending cuts, the Republican-controlled U.S. House of Representatives has narrowly passed H.R. 2811, dubbed the Limit, Save,...
The National Taxpayers Union Foundation has brought together some heavy hitters in the tax world to provide the IRS with insights as the agency moves forward with its strategic operating plan.
Senator John Kerry's tax plan slows economic activity until 2011,when it generally adopts President George Bush's approach ofpermanent tax cuts. Even so, the Bush plan consistently outperformsthe Kerry plan. President Bush relies on supply-side tax changeswhile Senator Kerry focuses much of his attention on demand-sidepolicy with targeted tax policy changes that yield the unintendedconsequence of producing a tax cut for high-income taxpayers after2011.
Public-private competition can lay the groundwork for changes inrevenue-estimating transparency practices, but Congress can set therules, and a Blue Ribbon Commission sponsored by a governmentagency, nonprofit group, or accounting or law firm might also beuseful. One thing is sure: Change in revenue-estimatingtransparency is needed at both the Treasury Department and theJoint Committee on Taxation.