Tax Deductions for Individuals: A Summary

Tax Deductions for Individuals: A Summary

Date: January 8, 2014
Creator: Lowry, Sean
Description: This report first describes what tax deductions are, how they vary in their effects on reducing taxable income, and how they differ from other provisions (e.g., exclusions or credits). Next, it discusses the rationale for deductions as part of the tax code. The final section of this report includes tables that summarize each individual tax deduction, under current law. Many of these deductions are part of the permanent income tax code.
Contributing Partner: UNT Libraries Government Documents Department
Selected Recently Expired Business Tax Provisions ("Tax Extenders")

Selected Recently Expired Business Tax Provisions ("Tax Extenders")

Date: April 30, 2014
Creator: Gravelle, Jane G.; Marples, Donald J. & Sherlock, Molly F.
Description: This report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2013 and that are being considered for extension.
Contributing Partner: UNT Libraries Government Documents Department
Dynamic Scoring for Tax Legislation: A Review of Models

Dynamic Scoring for Tax Legislation: A Review of Models

Date: June 8, 2014
Creator: Gravelle, Jane G.
Description: This report first explains dynamic scoring, including the types of effects incorporated and the types of models used, as well as what groups conduct or have conducted macroeconomic analysis of tax changes. The following section discusses the specific issues associated with tax reform. The final section discusses general issues surrounding the use of various models and reviews the empirical evidence on supply side responses.
Contributing Partner: UNT Libraries Government Documents Department
The Bush Tax Cuts and the Economy

The Bush Tax Cuts and the Economy

Date: December 10, 2010
Creator: Hungerford, Thomas L.
Description: The George W. Bush Administration enacted a series of tax cuts through the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. This report examines these tax cuts within the context of the current and long-term economic environment.
Contributing Partner: UNT Libraries Government Documents Department
The Bush Tax Cuts and the Economy

The Bush Tax Cuts and the Economy

Date: September 3, 2010
Creator: Hungerford, Thomas L.
Description: This report examines the Bush tax cuts within the context of the current and long-term economic and budgetary environment.
Contributing Partner: UNT Libraries Government Documents Department
Federal Deductibility of State and Local Taxes

Federal Deductibility of State and Local Taxes

Date: November 10, 2014
Creator: Maguire, Steven & Stupak, Jeffrey M.
Description: This report provides a brief history of deductible state and local taxes, and discusses deduction for real estate property taxes, deductions for income, sales, and use taxes. The report also discusses policy alternatives and current legislation.
Contributing Partner: UNT Libraries Government Documents Department
The Child Tax Credit: Current Law and Legislative History

The Child Tax Credit: Current Law and Legislative History

Date: July 28, 2014
Creator: Crandall-Hollick, Margot L.
Description: This report provides an overview of the child tax credit under current law, as well as a legislative history of this tax benefit, which helps explain its purpose and current structure.
Contributing Partner: UNT Libraries Government Documents Department
Dynamic Scoring for Tax Legislation: A Review of Models

Dynamic Scoring for Tax Legislation: A Review of Models

Date: January 24, 2014
Creator: Gravelle, Jane G.
Description: This report first explains dynamic scoring, including the types of effects incorporated and the types of models used, as well as what groups conduct or have conducted macroeconomic analysis of tax changes. The following section discusses the specific issues associated with tax reform. The final section discusses general issues surrounding the use of various models and reviews the empirical evidence on supply side responses.
Contributing Partner: UNT Libraries Government Documents Department
Addressing the Long-Run Budget Deficit: A Comparison of Approaches

Addressing the Long-Run Budget Deficit: A Comparison of Approaches

Date: December 9, 2014
Creator: Gravelle, Jane G.
Description: The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policy making. On August 2, 2011, Congress adopted, and the President signed, the Budget Control Act (BCA; P.L. 112-25), which might be viewed as an initial step in addressing long-run debt issues. This report examines alternative approaches to reducing the deficit, relating to the immediate issues arising from the BCA and the extended tax cuts as well as to ongoing, longer-term decisions about how to bring the debt under control. It focuses on the trade-offs between limiting the provision of defense and domestic public goods, reducing transfers to persons including entitlements for the elderly and those with low income, reducing support for state and local governments, and raising taxes. Using projections of the debt and deficit, it also addresses how limiting reliance on one source of deficit reduction creates pressure on other sources.
Contributing Partner: UNT Libraries Government Documents Department
Dynamic Scoring

Dynamic Scoring

Date: January 21, 2015
Creator: Gravelle, Jane G.
Description: This report explains dynamic scoring, including the types of effects incorporated and the types of models used, as well as what groups conduct or have conducted macroeconomic analysis of tax changes.
Contributing Partner: UNT Libraries Government Documents Department
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