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Second- and third-stringers eye 2016 if front-runner stumbles
Topic - Tax Policy Center
The Tax Policy Center (TPC) is a non-partisan joint venture of the Urban Institute and the Brookings Institution. Based in Washington D.C., TPC aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner. The Center combines top national experts in tax, expenditure, budget policy, and microsimulation modeling to concentrate on four overarching areas of tax policy that are critical to future debate: fair, simple and efficient taxation, social policy in the tax code, long-term implications of tax and budget choices, and state tax issues. - Source: Wikipedia
The top earners are now starting to feel the pinch of tax laws that raised their income taxes. Meanwhile some experts want them to pay even more.
Although she is herself a childless woman in her 30s, Slate columnist Reihan Salam argues that parents deserve better tax treatment, even if that means hiking taxes on the childless.
The tax deal President Obama and congressional Republicans struck last week will send government revenue soaring above its historic average, but did nothing to control spending, which remains stubbornly high.
A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday.
Seizing on a new report that challenges Mitt Romney's tax-cut claims, President Obama said Wednesday that the presumptive Republican nominee is trying to make middle-class families pay more "so that people like him" pay less.