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The Bush Tax Cuts and the Economy

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.
Date: December 10, 2010
Creator: Hungerford, Thomas L.
Partner: UNT Libraries Government Documents Department

Federal Deductibility of State and Local Taxes

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.
Date: November 10, 2014
Creator: Maguire, Steven & Stupak, Jeffrey M.
Partner: UNT Libraries Government Documents Department

Dynamic Scoring for Tax Legislation: A Review of Models

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.
Date: January 24, 2014
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Federal Deductibility of State and Local Taxes

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.
Date: September 28, 2007
Creator: Maguire, Steven
Partner: UNT Libraries Government Documents Department

The Medical Device Excise Tax: Economic Analysis

Description: This report reviews the issues surrounding the medical devices tax within the framework of basic principles surrounding the choice of commodities to tax under excise taxes. The next section describes the tax and its legislative origins. After that, the report analyzes the arguments for retaining and repealing the tax.
Date: January 9, 2015
Creator: Gravelle, Jane G. & Lowry, Sean
Partner: UNT Libraries Government Documents Department

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

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.
Date: December 9, 2014
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Dynamic Scoring

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.
Date: January 21, 2015
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Tax Provisions that Expired in 2014 ("Tax Extenders")

Description: This report provides a broad overview of the tax extenders that retroactively extend expired tax provisions, including the Tax Increase Prevention Act of 2014, which made tax provisions that had expired at the end of 2013 available to taxpayers for the 2014 tax year.
Date: February 6, 2015
Creator: Sherlock, Molly F.
Partner: UNT Libraries Government Documents Department

Major Tax Issues in the 108th Congress

Description: This report provides an overview of major tax issues. It begins by describing three aspects of the economic context in which the tax policy debate during 2004 is likely to occur: the general state of the U.S. economy; the position of the federal budget; and the level of taxes in the United States.
Date: December 2, 2004
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department

Tax Cuts on Repatriation Earnings as Economic Stimulus: An Economic Analysis

Description: This report discusses two prominent economic stimulus proposals -- H.R. 1 and S. 1, both titled the American Recovery and Reinvestment Act of 2009 -- introduced in the 111th Congress. It focuses on the business tax incentives and related issues.
Date: February 11, 2009
Creator: Marples, Donald J. & Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Tax Provisions that Expired in 2014 ("Tax Extenders")

Description: This report provides a broad overview of tax extenders -- a collective of temporary tax provisions for which measures have regularly extended the provisions when expired or expiring. Fifty-two temporary tax provisions expired at the end of 2014.
Date: September 4, 2015
Creator: Sherlock, Molly F.
Partner: UNT Libraries Government Documents Department

Major Tax Issues in the 108th Congress

Description: Tax policy is frequently considered by policymakers as a tool for boosting economic performance in various ways, and the likely economic effects of tax policy are often hotly debated. A brief overview of the current economic context is thus a good starting point for looking at tax issues facing the current Congress. This report provides an overview of major tax issues. The report begins by describing three aspects of the economic context in which the tax policy debate during 2004 is likely to occur: the general state of the U.S. economy; the position of the federal budget; and the level of taxes in the United States.
Date: September 9, 2004
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department

2001 Tax Cut: Description, Analysis, and Background

Description: A major tax cut, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA), was enacted in June 2001. This report summarizes the provisions of the bill, analyzes effects, and considers the development of the legislation.
Date: December 9, 2002
Creator: Brumbaugh, David L.; Gravelle, Jane G.; Maguire, Steven; Talley, Louis Alan & Lyke, Bob
Partner: UNT Libraries Government Documents Department

2001 Tax Cut: Description, Analysis, and Background

Description: A major tax cut, H.R. 1836, was enacted in June 2001, but contained sunsetted provisions. The House will consider, the week of April 15, making those tax provisions permanent. This report summarizes the provisions of the bill, analyzes effects, and considers the development of the legislation.
Date: April 12, 2002
Creator: Brumbaugh, David L.; Gravelle, Jane G.; Maguire, Steven; Talley, Louis Alan & Lyke, Bob
Partner: UNT Libraries Government Documents Department

The Child Tax Credit and the President's Tax Cut Plan

Description: The child tax credit was enacted as part of the Taxpayer Relief Act of 1997. The current credit is $500 per qualifying child. President Bush has proposed increasing the child tax credit to $1,000 per qualifying child. The President has also proposed making permanent the temporary rule in current law that allows the child tax credit to offset a taxpayer’s alternative minimum tax.
Date: March 30, 2001
Creator: Esenwein, Gregg A.
Partner: UNT Libraries Government Documents Department