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Tax Tradeoffs
Hitherto, the standard position on both sides of the aisle with respect to taxes as a part of deficit reduction has leaned strongly toward tax “reform.” The word “reform” can mean anything that anyone...
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Capping Itemized Deductions to Pay for Rate Cuts
Both sides in this year’s presidential election campaign have a fair way to go to get real on the budget problem. Democrats are making hay by attacking the only viable tool to bend the Medicare (and...
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Making Taxes Fair, and Good for the Economy
There is considerable debate – but arguably somewhat less understanding – about what constitutes a “fair” tax system. There is no simple numerical rule that defines fairness. It is, instead, a...
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What’s Old is New Again: Tax Reform
As you may know, an early but active debate on tax reform is underway. My 1987 article, HOW TAX REFORM CAME ABOUT, provides a useful perspective from the time of the last successful attempt at tax...
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Tax Reform Prospects
Just about every tennis player of a certain age – and every serious tennis buff – knows of Ken Rosewall. Despite losing some of his best years to a period when professionals were barred from the major...
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The Fed, and Tax Reform
BackInTheBlackBlog is on vacation this week, but let me offer just some brief reactions to two pieces of news of last week. You may have seen repeated stories about Federal Reserve Governors and...
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