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  • Commentary posted March 3, 2014 by Hans A. von Spakovsky The IRS Tries to Stifle Internal Dissent

    Thursday was the deadline for filing public comments on the IRS’s proposed rule to restrict political activity by 501(c)(4) organizations. Unsurprisingly, the IRS website was flooded with last minute comments. When the bytes had settled, the agency discovered it had received a total of more than 140,000 comments. The vast majority condemned the new rules. Among the…

  • Backgrounder posted September 3, 2013 by Nicolas Loris Advanced Energy Trust Fund: Tying a Good Idea to a Bad One

    Senator Lisa Murkowski (R–AK) recently released draft legislation outlining her idea of an Advanced Energy Trust Fund. The trust fund would create a new stream of revenue for the Secretary of Energy to spend on basic and applied research for new energy technologies—with funding coming predominately from oil and gas production on federal lands currently off-limits to…

  • Issue Brief posted February 29, 2012 by Curtis S. Dubay Obama’s Budget Badly Undercounts Tax Hikes

    President Obama’s fiscal year 2013 budget proposal explicitly claims a $1.561 trillion tax hike over 10 years, as reported by the White House Office of Management and Budget (OMB).[1] This is a vast understatement, because that figure fails to account for all of the President’s tax increases and improperly claims credit for reducing tax receipts from tax cuts that are not…

  • Backgrounder posted November 2, 2011 by J.D. Foster, Ph.D. True Tax Reform: Improves the Economy, Does Not Raise Taxes

    Abstract: There is little dispute that the current federal income tax is in real need of an overhaul. The heart of tax reform 2011 is to achieve a stronger economy through the adoption of a more economically neutral tax system featuring much lower marginal tax rates. But current discussions of tax reform have been mistakenly caught in the debate over how to cut current…

  • White Paper posted November 1, 2011 by Patrick Louis Knudsen, Emily Goff Appropriations Tracker: FY 2012

    The FY 2013 version of the Appropriations Tracker is available here. Download a PDF version with hyperlinks to House and Senate Appropriations Committee documents: Appropriations Tracker: FY 2012 Designed to inform American policymakers and citizens, the Appropriations Tracker: FY 2012 monitors the progress of appropriations bills as they move through the…

  • WebMemo posted April 26, 2010 by David C. John Dodd Bill Fails to Fix “Too Big to Fail”

    Supporters of the Dodd financial regulatory bill list as one of its key virtues that it “solves” the problem of financial institutions that are seen as being “too big to fail.” Unfortunately, this is not the case. While the bill passed by the Senate Banking Committee includes a faulty mechanism for closing financial institutions whose failure could damage the entire…

  • WebMemo posted April 22, 2010 by James L. Gattuso Senator Dodd’s Regulation Plan: 14 Fatal Flaws

    The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again. The objective is a good one. Unfortunately, the 1,408-page bill includes numerous provisions that would hurt—not…

  • Play Movie JD Foster on Fox News 3/5/09 Video Recorded on March 5, 2009 JD Foster on Fox News 3/5/09

    JD Foster discussing the staffing problems the U.S Treasury Department is having.…

  • Play Movie Mike Franc on CNN 1/21/09 Video Recorded on January 22, 2009 Mike Franc on CNN 1/21/09

    Mike Franc commenting on Tim Geither as Secretary of Treasury.…

  • WebMemo posted December 12, 2008 by Andrew M. Grossman, James L. Gattuso TARP: Now a Slush Fund for Detroit?

    With the Senate's rejection of a bailout for Detroit's ailing automakers, there comes word that President Bush is actively considering using funds allocated by Congress for the Troubled Asset Relief Program (TARP) to prop up the automakers for the time being.[1] Such action would be legally wrong, economically wrong, and counterproductive to turning around…

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  • Backgrounder posted November 2, 2011 by J.D. Foster, Ph.D. True Tax Reform: Improves the Economy, Does Not Raise Taxes

    Abstract: There is little dispute that the current federal income tax is in real need of an overhaul. The heart of tax reform 2011 is to achieve a stronger economy through the adoption of a more economically neutral tax system featuring much lower marginal tax rates. But current discussions of tax reform have been mistakenly caught in the debate over how to cut current…

  • WebMemo posted April 22, 2010 by James L. Gattuso Senator Dodd’s Regulation Plan: 14 Fatal Flaws

    The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again. The objective is a good one. Unfortunately, the 1,408-page bill includes numerous provisions that would hurt—not…

  • WebMemo posted April 26, 2010 by David C. John Dodd Bill Fails to Fix “Too Big to Fail”

    Supporters of the Dodd financial regulatory bill list as one of its key virtues that it “solves” the problem of financial institutions that are seen as being “too big to fail.” Unfortunately, this is not the case. While the bill passed by the Senate Banking Committee includes a faulty mechanism for closing financial institutions whose failure could damage the entire…

  • Center for Data Analysis Report posted August 17, 2006 by Tracy Foertsch, Ph.D., Ralph A. Rector, Ph.D. The Treasury Department's Dynamic Analysis of President Bush's Tax Relief Plan: A Summary and Evaluation

    The recent publication of "A Dynamic Analysis of Permanent Extension of the President's Tax Relief"[1] marks an important and informative de­parture for the Office of Tax Analysis (OTA) in the U.S. Department of the Treasury. It is the OTA's first public attempt to do a dynamic analysis of a major legislative initiative-the President's proposal to make permanent…

  • WebMemo posted December 12, 2008 by Andrew M. Grossman, James L. Gattuso TARP: Now a Slush Fund for Detroit?

    With the Senate's rejection of a bailout for Detroit's ailing automakers, there comes word that President Bush is actively considering using funds allocated by Congress for the Troubled Asset Relief Program (TARP) to prop up the automakers for the time being.[1] Such action would be legally wrong, economically wrong, and counterproductive to turning around…

  • WebMemo posted November 14, 2008 by James L. Gattuso, David C. John, J.D. Foster, Ph.D. TARP and the Treasury: Time to Allow Markets to Work

    Treasury Secretary Henry Paulson recently announced yet another change in direction of the "Troubled Asset Relief Program" (TARP), sowing more uncertainty and confusion in the very financial markets the program is supposed to stabilize. Instead of buying mortgage-backed assets as originally intended, Paulson says he is now considering three alternative…

  • Backgrounder posted December 7, 2006 by Tracy Foertsch, Ph.D. Dynamic Analysis at Treasury: What Are the Next Steps?

    The President's fiscal year (FY) 2007 budget sub­mission to Congress includes a number of important initiatives. Among them is a plan to create a Dynamic Analysis Division within the Office of Tax Analysis (OTA) in the U.S. Department of the Treasury. Dynamic analysis gauges the impact on federal tax revenues of the changes in output and incomes induced by changes…

  • Issue Brief posted February 29, 2012 by Curtis S. Dubay Obama’s Budget Badly Undercounts Tax Hikes

    President Obama’s fiscal year 2013 budget proposal explicitly claims a $1.561 trillion tax hike over 10 years, as reported by the White House Office of Management and Budget (OMB).[1] This is a vast understatement, because that figure fails to account for all of the President’s tax increases and improperly claims credit for reducing tax receipts from tax cuts that are not…

  • Backgrounder posted September 3, 2013 by Nicolas Loris Advanced Energy Trust Fund: Tying a Good Idea to a Bad One

    Senator Lisa Murkowski (R–AK) recently released draft legislation outlining her idea of an Advanced Energy Trust Fund. The trust fund would create a new stream of revenue for the Secretary of Energy to spend on basic and applied research for new energy technologies—with funding coming predominately from oil and gas production on federal lands currently off-limits to…

  • White Paper posted November 1, 2011 by Patrick Louis Knudsen, Emily Goff Appropriations Tracker: FY 2012

    The FY 2013 version of the Appropriations Tracker is available here. Download a PDF version with hyperlinks to House and Senate Appropriations Committee documents: Appropriations Tracker: FY 2012 Designed to inform American policymakers and citizens, the Appropriations Tracker: FY 2012 monitors the progress of appropriations bills as they move through the…

Find more work on Department of the Treasury
  • Backgrounder posted September 3, 2013 by Nicolas Loris Advanced Energy Trust Fund: Tying a Good Idea to a Bad One

    Senator Lisa Murkowski (R–AK) recently released draft legislation outlining her idea of an Advanced Energy Trust Fund. The trust fund would create a new stream of revenue for the Secretary of Energy to spend on basic and applied research for new energy technologies—with funding coming predominately from oil and gas production on federal lands currently off-limits to…

  • Issue Brief posted February 29, 2012 by Curtis S. Dubay Obama’s Budget Badly Undercounts Tax Hikes

    President Obama’s fiscal year 2013 budget proposal explicitly claims a $1.561 trillion tax hike over 10 years, as reported by the White House Office of Management and Budget (OMB).[1] This is a vast understatement, because that figure fails to account for all of the President’s tax increases and improperly claims credit for reducing tax receipts from tax cuts that are not…

  • Backgrounder posted November 2, 2011 by J.D. Foster, Ph.D. True Tax Reform: Improves the Economy, Does Not Raise Taxes

    Abstract: There is little dispute that the current federal income tax is in real need of an overhaul. The heart of tax reform 2011 is to achieve a stronger economy through the adoption of a more economically neutral tax system featuring much lower marginal tax rates. But current discussions of tax reform have been mistakenly caught in the debate over how to cut current…

  • White Paper posted November 1, 2011 by Patrick Louis Knudsen, Emily Goff Appropriations Tracker: FY 2012

    The FY 2013 version of the Appropriations Tracker is available here. Download a PDF version with hyperlinks to House and Senate Appropriations Committee documents: Appropriations Tracker: FY 2012 Designed to inform American policymakers and citizens, the Appropriations Tracker: FY 2012 monitors the progress of appropriations bills as they move through the…

  • WebMemo posted April 26, 2010 by David C. John Dodd Bill Fails to Fix “Too Big to Fail”

    Supporters of the Dodd financial regulatory bill list as one of its key virtues that it “solves” the problem of financial institutions that are seen as being “too big to fail.” Unfortunately, this is not the case. While the bill passed by the Senate Banking Committee includes a faulty mechanism for closing financial institutions whose failure could damage the entire…

  • WebMemo posted April 22, 2010 by James L. Gattuso Senator Dodd’s Regulation Plan: 14 Fatal Flaws

    The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again. The objective is a good one. Unfortunately, the 1,408-page bill includes numerous provisions that would hurt—not…

  • WebMemo posted December 12, 2008 by Andrew M. Grossman, James L. Gattuso TARP: Now a Slush Fund for Detroit?

    With the Senate's rejection of a bailout for Detroit's ailing automakers, there comes word that President Bush is actively considering using funds allocated by Congress for the Troubled Asset Relief Program (TARP) to prop up the automakers for the time being.[1] Such action would be legally wrong, economically wrong, and counterproductive to turning around…

  • WebMemo posted November 14, 2008 by James L. Gattuso, David C. John, J.D. Foster, Ph.D. TARP and the Treasury: Time to Allow Markets to Work

    Treasury Secretary Henry Paulson recently announced yet another change in direction of the "Troubled Asset Relief Program" (TARP), sowing more uncertainty and confusion in the very financial markets the program is supposed to stabilize. Instead of buying mortgage-backed assets as originally intended, Paulson says he is now considering three alternative…

  • Backgrounder posted December 7, 2006 by Tracy Foertsch, Ph.D. Dynamic Analysis at Treasury: What Are the Next Steps?

    The President's fiscal year (FY) 2007 budget sub­mission to Congress includes a number of important initiatives. Among them is a plan to create a Dynamic Analysis Division within the Office of Tax Analysis (OTA) in the U.S. Department of the Treasury. Dynamic analysis gauges the impact on federal tax revenues of the changes in output and incomes induced by changes…

  • Center for Data Analysis Report posted August 17, 2006 by Tracy Foertsch, Ph.D., Ralph A. Rector, Ph.D. The Treasury Department's Dynamic Analysis of President Bush's Tax Relief Plan: A Summary and Evaluation

    The recent publication of "A Dynamic Analysis of Permanent Extension of the President's Tax Relief"[1] marks an important and informative de­parture for the Office of Tax Analysis (OTA) in the U.S. Department of the Treasury. It is the OTA's first public attempt to do a dynamic analysis of a major legislative initiative-the President's proposal to make permanent…

Find more work on Department of the Treasury
Find more work on Department of the Treasury