Daily Policy Digest
Tax and Spending Issues
|Hillary's Tax Plan Will Cost Everybody, Not Just the Rich
Presidential candidate Hillary Clinton has proposed a number of changes to the income tax code, targeted mainly at high-income earners. The tax changes would have little impact on 90 percent of the population in terms of tax liability. However, households in the top ten percent of the income distribution, who currently pay 53 percent of all federal taxes, would pay 80 percent of the additional tax collected, according to an NCPA analysis...
|The Economic Effects of the Clinton Tax Proposal
Compared with other presidential election year cycles, the 2016 campaign takes place in a period of perplexingly slow economic growth. Secretary Hillary Clinton's tax proposal, the center of her campaign's fiscal policy, stresses fairness. To reach "broadly shared prosperity," in this slow-growth environment, the Clinton tax proposals seek to promote growth and equity by shifting the tax burden to high-income taxpayers, writes NCPA Senior Fellow and Beacon Hill Institute Executive Director David Tuerck...
|Hillary Clinton's Tax Plan under the NCPA's Model of the U.S. Economy
Under Hillary Clinton's tax plan, the economy will perform worse than the Congressional Budget Office estimates, according to NCPA Senior Fellow Pamela Villarreal...
|Taxing Carried Interest
Over the past several years, there has been much debate about how to tax the compensation of the managers of private equity, venture capital and hedge funds. The issue is important because these funds provide capital for businesses at various stages of development or seek to minimize risks for investors, and raising taxes on these funds would reduce the rate of return to fund investors, writes NCPA Research Associate John White.
|Soda Taxes Make the Poor Poorer, Maybe Fatter
Philadelphia Mayor Jim Kenney recently approved an ordinance imposing a 1.5¢ per ounce tax increase on sugar-added and artificially sweetened soft drinks, including diet sodas, in an attempt to curb obesity. But there is evidence that a soda tax increase would have little effect on obesity, writes NCPA Research Associate John McDonald...
|How to Pay for Medicare
Rising numbers of retirees and excess cost growth have made it imperative that we chance how the Medicare is financed – or the cost burden will crush taxpayers, according to a new study by NCPA Senior Fellows Andrew J. Rettenmaier and Thomas R. Saving...
|Texas Under Trump
NCPA Senior Fellow Pam Villarreal outlines the possible impacts of presidential candidate Donald Trump’s tax proposal in this article in the Trail Blazers Blog at Dallas Morning News...
|Hillary Clinton's Capital Gains Tax Proposal
If Hillary Clinton becomes president, returns on assets could be reduced by almost half compared to current law...
|How Do We Pay for a Growing Medicare Program?
Seniors have received Medicare benefits that are increasing relative to their preretirement income...
|U.S. Corporate Tax Code is Unhealthy for Medical Innovation
The U.S. Treasury has just dropped 300-plus pages of tax regulations designed to blow up the merger between Pfizer and Allergan...