While I’ve gone over how the Democratic and Republican tax plans scheduled to get a vote in the Senate this week are in many ways similar, I did not identify the points of difference, which are substantial in their own way, particularly in the direction that money would flow under the two plans. In particular, [...]

Like me, Congress was out of town last week. I guess the main difference is that they get 20 or so of these a year and I get one, but no matter. Today, at least, we start from the same position. And so what do they have planned for the next few days? Well, in [...]

With Rick Santorum poised to do well in Iowa today and perhaps play at least a barely-plausible role as an anti-Romney challenger for the GOP nomination, it’s worth looking for a moment at his priorities. Santorum’s tax policy would probably cause less inequality than his rivals. He wouldn’t eliminate the capital gains tax, only reduce [...]

The New York Times calculates that a large portion of the benefits in the tax cut deal will flow to the middle and upper-middle class. Because the Social Security payroll tax phases out at $106,000, those in the upper-middle class benefit as much from that as billionaires. And the AMT patch saves these families from [...]

Today the President spoke at the Middle Class Task Force about a series of initiatives he will propose at the State of the Union Address later this week. Here are some of these steps, from an Administration fact sheet: 1. Nearly Doubling the Child and Dependent Care Tax Credit for middle class families making under [...]