Deficit and Tax Policy
TAX CUT
No such thing as a temporary tax break
Oh, temporary tax breaks, music to the ears of their beneficiaries and the bane of CBO Director Douglas Elmendorf who must make budget projections accounting for them.
If it weren’t for the recent explosion in the number of tax breaks, they wouldn’t be such pesky pieces of economic policy. In 1998, there were only nine temporary tax breaks. By 2009, there were 73; meaning that in more than 10 years the number of temporary tax breaks built into the tax code has increased by 711%.
Get The Facts
-
"Tax-Reform Peril" New York Post via Manhattan Institute
-
"An Inferior Tax Cut" Wall Street Journal
-
"Would Another Repatriation Tax Holiday Create Jobs?" Heritage Foundation
-
"10 Graphs that Prove that the U.S. is a Low-Tax Country" American Progress
-
"The Moment of Truth" National Commission on Fiscal Responsibility and Reform
ENGAGING WITH OTHERS
-
October 22, 2012
Paul Krugman: 'The Public Really Doesn't Care' About The Deficit
Cody, on Huffington Post -
October 16, 2012
Branstad announces tax cuts
Moss, on KCCI -
October 10, 2012
Hey Romney, Here's A Comeback To Obama's $5 Trillion Tax Cut Canard
Moss, on Forbes -
October 17, 2012
11 Things The GOP Doesn't Want You To Know About The Deficit
Bill, on Huffington Post -
September 11, 2012
We Need a Bipartisan Effort to Fix the Economy
Collin, on US News