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    Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders

    In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should allow all of the so-called tax extenders to expire. The tax extenders are a collection of roughly 50 tax-reducing policies that regularly expire and, just … More

    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform

    Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of dollars on external accounting firms, according to the National Small Business Association’s (NSBA) 2014 Taxation Survey released last week. According to the report, “the current … More

    Tax Refunds Cause for Concern, Not Celebration

    Tax Day, April 15, is fast approaching. Americans’ general dislike or sometimes outright disgust toward paying taxes is typically cushioned by the widespread receipt of “tax refunds.” Receiving a refund, however, does not mean that individual or family pays no taxes. Rather, refunds are the result of federal withholding tables … More

    Herman Cain on GOP Tax Plan: Force Harry Reid to Act

    Herman Cain, who ran for president on the 9-9-9 tax plan, challenged Republican leaders in the House of Representatives to pass a tax reform bill this year—and thereby force a debate on the issue. Cain spoke to The Foundry after hosting his radio show from The Heritage Foundation today. A … More

    How to Fix the Absurd U.S. Tax System

    House Ways and Means Committee Chairman Dave Camp, R-Mich., recently jump-started the tax reform debate. It’s about time. The tax code stables in Washington haven’t been cleaned out since 1986 – more than a quarter century ago, when Ronald Reagan was president. Since then, year after year, the tax code … More

    Heritage’s Macroeconomic Estimate of Camp’s Tax Reform Proposal

    The Heritage Foundation’s Center for Data Analysis recently completed a preliminary macroeconomic analysis of House Ways and Means Committee chairman Dave Camp’s (R–MI) Tax Reform Act of 2014. This draft proposal includes comprehensive tax reform to federal treatment on individual income, business income, and corporate income and is motivated by … More

    Tax Reform at Last?

    Today, House Ways and Means Committee Chairman Dave Camp (R) of Michigan jumpstarts the tax reform debate. It’s about time. The tax code stables in Washington haven’t been cleaned out since 1986—more than a quarter century ago, when Ronald Reagan was President. Since then, year after year, the tax code … More

    Baucus Continues Losing Streak with Energy Tax Reform Draft

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier efforts on international tax and depreciation did. Baucus claims that his plan would stop the tax … More

    Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class

    New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective tax rate of 30 percent, is basically in effect. The data also show that President Obama’s premise for pushing the … More