Tax Policy

Asset Building News Week, 2nd Edition

January 12, 2012
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The Asset Building News Week is a weekly Friday feature on the The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include food assistance, tax issues, the health-wealth connection, alternatives to banking and the prepaid card industry, and the mortgage crisis. 

There’s a Cost to “Free?”

January 11, 2012
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Who doesn’t like getting something for free? And who dislikes doing their taxes? HR Block, Jackson Hewitt, and Walmart have packaged these two sentiments into a massive marketing campaign for free tax preparation. But is it really free? Not so much.

Dealing with Expiring Provisions in a Fiscally Responsible Manner

December 12, 2011

At the end of this month, over 80 tax and spending policies are set to expire. How lawmakers deal with any extensions of these policies has important implications for the federal budget and could represent either a step forward for fiscal sustainability or else a step backward.

How to Pay For the Payroll Tax Cut

  • By
  • Marc Goldwein,
  • New America Foundation
December 12, 2011 |

It's become a Christmas tradition for Congress to end the year by extending all the policies which expire at year's end. There is the Alternative Minimum Tax, which has to be "patched" every year so that it reaches only four million taxpayers instead of thirty million. There is the looming 27% cut in Medicare payments to doctors which policymakers will need to protect with a "Doc Fix." And on top of that, this year, we're dealing with the expiration of a payroll tax holiday and extended unemployment benefits meant to help boost a weak economy.

How are Families Really Doing? Part 4: Income Inequality

December 9, 2011
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This is the fourth and final installment in a series of interviews with policy experts who participated in an event we hosted on November 22nd, "Poverty, Inequality, Mobility, Oh My," where we explored different ways of assessing how families are doing post-Great Recession and how applying these different approaches to the design of public policies might improve the conditions and opportunities of low-income families.

How are Families Really Doing? Part 3: Economic Mobility

December 7, 2011
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This is the third in a series of interviews with policy experts who participated in an event we hosted on November 22nd, "Poverty, Inequality, Mobility, Oh My," where we explored different ways of assessing how families are doing post-Great Recession and how applying these different approaches to the design of public policies might improve the conditions and opportunities of low-income families.

Follow-Up: Poverty, Inequality, Mobility, Oh My!

November 23, 2011

On November 22nd, the Asset Building Program hosted a panel of experts to discuss how Americans are faring in the years since the Great Recession according to different measures. (Video from the event is available here.) Speakers from Wider Opportunities for Women, the Half in Ten Campaign, Center on Budget and Policy Priorities, and Pew’s Economic Mobility Project joined moderator, Rachel Black, for a discussion of current data and indicators, who’s falling short according to these measures and by how much, and policy ideas for  making progress.

Follow-Up: The Darwin Economy

October 31, 2011
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Robert H. Frank spoke at New America last Thursday about the guiding principles of his book, The Darwin Economy, and the policy proposals that stem from his model of economic thought. Reid Cramer started the event off connecting Frank’s ideas to recent trends: tax policy is at the forefront of recent political debates and the Occupy Wall Street movement is focusing attention on rampant economic inequality.

The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings

  • By Laura D’Andrea Tyson, Ph.D.; Kenneth Serwin, Ph.D.; Eric Drabkin, Ph.D.
October 13, 2011

U.S. multinational companies (“MNCs”) currently hold an estimated $1.4 trillion in foreign earnings overseas, an amount that has been growing and will continue to grow without a change in the current corporate tax structure. In this paper, we assess the effects of a one-time reduction in the tax rate applied to the repatriation of foreign subsidiary earnings on spending, output and employment in the U.S. economy.

Programs:

Supercommittee Needs to Go Bigger

  • By
  • Maya MacGuineas,
  • New America Foundation
September 7, 2011 |

With the president’s highly touted jobs speech this week, national attention is about to pivot from deficits and debt — where the focus has been for much of the summer — to jobs and how to boost the struggling economic recovery. 

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