Leonard E. Burman

Sep 24, 2024 | taxexpenditures.org | Leonard E. Burman

By Leonard E. Burman | Tax Policy Center This blog was first published by the Tax Policy Center, Urban Institute & Brookings Institution. If this year’s presidential candidates have their way, lots of income will no longer be subject to federal tax. Donald Trump would exempt overtime pay from tax. Kamala Harris and Trump both agree that tips should be exempt. To be fair, there are lots of tax exclusions in the code already.

Jan 4, 2024 | taxpolicycenter.org | Leonard E. Burman

A recent hearing of the House Ways and Means Committee’s Subcommittee on Tax Policy brought attention to an important topic: How can the tax code spur economic growth while sharing the gains broadly? My testimony at the hearing detailed how to achieve that goal while avoiding proposals that could do more harm than good. For an example of one such proposal, the hearing considered replacing our current tax system with a national retail sales tax.

Dec 27, 2023 | taxpolicycenter.org | Leonard E. Burman |Robert McClelland |Livia Mucciolo |Safia Sayed