Tax Policy Center

Senate moving to force sales tax on Internet sales

A measure to empower U.S. states to require out-of-state retailers to collect online sales tax cleared a legislative hurdle in the Senate on Monday, after earlier winning official backing from President Barack Obama. Seventy-four senators voted to limit debate and move forward with a final vote on the proposed legislation in the Democratic-controlled Senate, likely […]

Gas prices could be lower in 2013, but other costs will rise

Gas prices could be lower in 2013, but other costs will rise

At least gasoline should cost you less in 2013. Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers’ annual gas bills are expected to drop for the first time in four years. Forecasters say ample oil supplies and weak U.S. demand will […]

Under Senate deal, economy dodges bullet for now

Under Senate deal, economy dodges bullet for now

A deal worked out by U.S. Senate leaders to avoid the “fiscal cliff,” was far from any “grand bargain” of deficit reduction measures. But if approved by the U.S. House of Representatives, it could help the country steer clear of recession, although enough austerity would remain in place to likely keep the economy growing at […]

Who offers the best tax plan? That’s a very good question

Who offers the best tax plan?  That’s a very good question

Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he’s elected president. President Barack Obama promises tax reform, too, but precious little detail. Unlike Romney, Obama wants to make sure any tax reform produces a big new chunk of revenue to address the deficit. Yet it’s difficult […]