• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • tax reform

    Obamas, Bidens Pay About Same in 2013 Income Taxes, Returns Show

    Four days before the April 15 filing deadline, the White House today released 2013 income tax returns for President Barack Obama and Vice President Joe Biden showing each man and his wife paid just under $100,000 in tax. The White House blog noted that the president and first lady reported … More

    Constructive Small Business Expensing Bill Introduced

    Representatives Pat Tiberi (R–OH) and Ron Kind (D–WI), both Ways and Means Committee members, have introduced the America’s Small Business Tax Relief Act of 2014 (H.R. 4457). This legislation would make permanent section 179 expensing and allow businesses to deduct up to $500,000 annually in expenses incurred buying machinery, equipment, … 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

    Congress to Mega Banks: It Was All Your Fault—Pay No Attention to the GSEs

    Last week, Chairman Dave Camp (R–MI) outlined a new reform proposal that included a punitive tax on some of the largest banks in the U.S. The Chairman should be commended for tackling the complex issue of reforming our tax system, but it’s not at all clear what imposing an arbitrary … More

    3 Ways to Make April 15 Less Painful

    Yesterday you told us what you think Washington should be doing—and more than a few of you said dealing with our horrendous taxes. Representative Dave Camp (R-MI) rolled out a plan for tax reform yesterday that we hope will shift the conversation to something that would benefit all Americans. As … 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

    Heritage’s Moore Urges Lawmakers to Embrace Winning Economic Messages

    Economic issues consistently rank as the most important problem facing Americans — and one of the biggest challenges in Washington. Today, House Republicans turned to Heritage’s chief economist for solutions on spending, welfare, energy, taxes, and Obamacare. Stephen Moore, who joined Heritage earlier this month from the Wall Street Journal, … 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