Focus on Tax Policy

Focus on Tax Policy

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On September 21, the House Ways and Means Committee held a hearing on economic models used to estimate the impact of tax changes on the economy.

A September 20 Gallup poll found that two-thirds of people support the idea of raising taxes on corporations and wealthy people to finance a jobs program.

On September 20, the Senate Finance Committee held a hearing on tax incentives for innovation.

On September 19, the Joint Committee on Taxation published a report on the revenue-estimating process.

A September 19 National Journal poll found that only 28 percent of people favor reducing the deficit only by cutting spending; 62 percent favor increasing taxes as well.

On September 16, the Tax Policy Center published a study on the total size of tax expenditures since 1985. It finds that they fell from 8.7 percent of GDP in 1985 to 6 percent of GDP in 1988, after passage of the Tax Reform Act of 1986, but have grown steadily since then to 7.3 percent of GDP this year.

Also on September 16, the Tax Policy Centerpublished a series of tables on the distributional effects of President Obama’s proposed tax increases to pay for his jobs program.

A September 16 CBS News/New York Times poll found that three-fourths of people favor some increase in taxes to reduce the deficit, with only 21 percent favoring spending cuts only.

And on September 16, the Joint Committee on Taxation published a report on tax incentives for research, experimentation, and innovation.

On September 15, the Tax Policy Center published a number of tax distribution tables related to capital gains.

I last posted items on this topic on September 19.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column for The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).

Bruce Bartlett’s columns focus on the intersection of politics and economics. The author of seven books, he worked in government for many years and was senior policy analyst in the Reagan White House.