The Fate of Energy Policy in the Lame Duck Session

By: Wednesday November 14, 2012 8:30 am

I don’t think the late-in-the-game bid for a carbon tax will come to pass, but energy policy will become critical in the coming weeks, with expiring measures and controversial subsidies up for bid. The biggest threat to our energy future in the near term – and that’s not much of a hyperbole – is the [...]

Wind Energy’s Boom and Bust Cycles

By: Thursday October 18, 2012 11:36 am

Tim McDonnell has a good, depressing piece on the wind power industry scrambling to extend the production tax credit, and the carnage that will face the industry if they fail. This has been turned into an electoral issue because of the prominence of the industry in swing states like Iowa and Colorado, and because Mitt [...]

Financial Industry Takes Hundreds of Millions in Tax Write-Offs from Penalties in Fraud Settlements

By: Monday October 15, 2012 11:37 am

Often, I get complaints that focusing on criminal penalties for financial fraud is for some reason unrealistic, and that settlements can themselves be meaningful if they cause the offending party some economic pain. This overlooks several points. First, no executive ever pays out these settlements; they basically come out of reserves, and the most that [...]

A Study of Mitt Romney’s Six Studies Validating His Tax Plan

By: Monday October 15, 2012 6:59 am

Mitt Romney surrogate Ed Gillespie was batted around by the unlikely source of Chris Wallace yesterday, when discussing the Romney tax plan. The talking point the Romney team has been throwing around is that “six studies” validate the claim that you can lower tax rates by 20%, remain revenue neutral, and not lower the share [...]

New JCT Study Shows Futility of Base-Broadening to Pay for Massive Tax Rate Cuts

By: Friday October 12, 2012 1:27 pm

As long as the only thing we’re going to talk about for the next few weeks in the election is taxes, I might as well provide the update. The Joint Committee on Taxation, the “CBO for taxes” as it were, the nonpartisan scorekeeper on tax policy, just released a report that should end all discussion [...]

Republicans to Schumer: You’re Ruining Everything!

By: Wednesday October 10, 2012 10:45 am

Chuck Schumer definitely got under the skin of Republicans yesterday by suggesting that Democrats were being led into a “tax reform” trap. Until this point, Republicans had been fairly cagey about their tax plans for a grand bargain, but they were able to garner a mild consensus over the concept of broadening the tax base [...]

Schumer Rejects Base-Broadening Tax Reform, But Proposes “Entitlement Reform” as an Enticement for GOP

By: Tuesday October 9, 2012 9:15 am

Chuck Schumer, the third-ranking Democrat in the Senate and basically the avatar of the Democratic messaging operation, just gave a speech to the National Press Club about the expectations for tax policy in the lame duck session. And he basically rejected the emerging bipartisan approach to lower tax rates and “broaden the base” by closing [...]

Ryan Again Evades Specifics on Mathematically Impossible Tax Plan

By: Tuesday October 2, 2012 11:30 am

The fallout from Paul Ryan’s hand waving on specifics for the tax package he and Mitt Romney are running on continues. A woman at a town hall event in Iowa pressed him for specifics, and Ryan again basically demurred. He said how hard it would be to deliver the math in the confines of a [...]

Ryan Continues Pathetic Hand-Waving on Tax Specifics

By: Monday October 1, 2012 11:16 am

Paul Ryan’s presence on the Presidential ticket has grown more and more comical. I didn’t think it was possible for Republicans to choose two Vice Presidential candidates in a row that dragged on their ticket, but I don’t think there’s any question that Ryan has become a negative. And where this has really fallen apart [...]

Romney Comments on the Nation of Moochers Has Long Conservative Pedigree

By: Wednesday September 19, 2012 7:41 am

Trying to recover his footing after a terrible couple of days, Mitt Romney appears to want to shift his comments on the 47% of Americans who “believe that they are victims” and think they’re entitled to health care and food into a strength. In a USA Today op-ed, Romney tries to pivot into the more [...]

Coburn Comes Out Against Tax Exemption for Olympic Medalists

By: Wednesday August 8, 2012 2:34 pm

Following up on an earlier item, the good news is that we’ve found one lawmaker in Washington who thinks that exempting Olympians from paying taxes on a cash award is a bad idea. The striking news is that this lawmaker is Tom Coburn. If tax code gymnastics was an Olympic sport this idea might get [...]

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