President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
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- Addressing the Debt Limit Crisis
Addressing the Debt Limit Crisis
With less than a week to go until the Treasury is unable to pay its bills, and tonight's House vote on the Boehner plan seemingly delayed, it's unclear how the current debt limit crisis will be resolved. In a new commentary, I discuss the prospects of various compromises that have been proposed, and describe some other possible outcomes.
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.