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How Should Wealth and Work Be Treated in the Tax Code?

Late last week, Democratic presidential candidate Joe Biden released a piece reviewing his tax proposals, contrasting them with President Donald Trump’s tax ideas. A major theme within this piece can be summarized in the title: “A Tale of Two Tax Policies: Trump Rewards Wealth, Biden Rewards Work.” Biden raises an important question regarding how work […]

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Biden’s Plan to Address Offshoring Comes with Contradictions

Today, the Biden campaign is set to release its plans for changing U.S. cross-border tax rules. It includes several proposals with the shared goal of increasing taxes on U.S. multinational companies and attracting new investment to the U.S, although there is a tension between those goals. The campaign’s proposals for higher taxes on U.S. businesses […]

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Placing Joe Biden’s Tax Increases in Historical Context

Supporters and critics of Democratic presidential nominee Joe Biden’s tax plan have made a variety of claims about the size of the tax proposals, ranging from “not big enough” to the “biggest tax increase in history.” Comparing his tax proposals—which include higher taxes on high-income earners and businesses paired with more generous provisions for households […]

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Biden’s Proposal Would Shift the Distribution of Retirement Tax Benefits

Among Democratic presidential nominee Joe Biden’s many tax proposals, one that has gotten less attention would modify how traditional retirement accounts are treated in the tax code. This proposal would shift some of the benefits of tax deferral in traditional retirement accounts toward lower- and middle-income earners with the goal of encouraging additional saving by […]

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Reviewing Joe Biden’s Tax Vision

Tonight, former Vice President Joe Biden formally accepts the Democratic nomination for President, ending a long primary season that saw competing policy visions from the many candidates, including in tax policy. However, questions about Biden’s tax proposals, such as when and how fast he would push for tax hikes, remain to be clarified headed into […]

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Morning Docket: 07.03.20

(Image via Getty) * Tennessee has become the second state in the country to delay the administration of the summer bar exam. [Nashville Post] * A New Jersey lawyer has been disbarred for converting $92,000 from his attorney trust account. [New Jersey Law Journal] * A Manhattan judge (before whom I argued my first motion […]