HOME
ABOUT US
OUR ISSUES
Federal Budget
Appropriations / Spending
Budget Process
Federal Tax Policy
Estate Tax
Government Performance
Income/Wealth Inequality
Long Range Initiative
Archives
Charts
Economic Indicators
Information & Access
Nonprofit Advocacy
Regulatory Policy
PRESS ROOM
ACTION CENTER
PUBLICATIONS
THE WATCHER
OUR BLOGS
SIGN UP
Receive news, updates, and alerts!
DONATE
Help support our work
OTHER SITES
FedSpending.org
RTK NET
NPAction
Working Group on Community Right-to-Know
Citizens for Sensible Safeguards
Open the Government
Demanding a federal budget that is fair, responsible, and meets our nation's priorities
Wednesday, September 17, 2008
We'll be shutting down the BudgetBrigade a bit early today to head off to OMB Watch's 25th Anniversary celebration. Yup, that's right. OMBW is 25 years young this year and we're primed and ready for our quarter life crisis! We're taking some time to celebrate tonight with friends and supporters and remember 25 years of fighting for a more transparent and accountable federal government.
While we are looking back over some of our accomplishments of the last quarter century (and honoring the unsung work of some of our public sector colleagues), we are also looking forward to the challenges we'll face over the next 25 years and beyond.
You will be a key part of overcoming those future challenges, just as you've been crucial to our past accomplishments. Your involvement, along with hundreds of thousands of people just like you has helped to make us the success we are today. So thank you for your commitment to the open and accountable ideals that have helped guide OMBW over the past 25 years.
And if you want to help make sure those ideals continue to be realized, consider making a small donation to OMB Watch in honor of our 25th birthday. Your contribution will join with hundreds of others who want to ensure we are able to continue our mission and the important work we do everyday.
Tuesday, September 02, 2008
The Center on Budget and Policy Priorities released an analysis this past Friday afternoon examining the impact of tax cuts for high-income households. In particular, the analysis attempts to understand the impact those tax cuts would (or would not) have on small businesses.
Claims that changing the top income tax rates, maintaining a viable estate tax, or eliminating the carried interest tax loophole would harm small businesses are either exaggerated or empty. The data clearly show that only a very small proportion of small businesses are affected by these tax policies. (The carried interest rules may not affect any small businesses at all.) This is true even when one uses an overly broad definition of "small business" that classifies substantial numbers of high-income taxpayers as "small-business owners" because they receive some income from passive business investments.
BIG MISCONCEPTIONS ABOUT SMALL BUSINESS AND TAXES
Latest Entries by Theme
All Themes
Appropriations & Spending
Budget Projections
State Fiscal Policy
Watcher
Entitlements
Debt & Deficit
Oversight & Enforcement
Transparency
Privatization
Contact Us
Most Recent Entries for Federal Budget & Tax
Obama Selects Chief Performance Officer
Business Cuts as Stimulus: Somewhat Less Than Effective
CBO 2009 Deficit Projection Tops $1 Trillion
Gates Opines on 2009 War Spending
Details of New House Rules Package
The Case for Tax Cuts in the Recovery Package
Economic Package Details Coming Into View
Douglas Elmendorf Tapped as CBO Chief
Commission Proposals Being Pushed From Day 1
We Wish You a Merry Christmas and Happy Holidays
Archived Entries for Estate Tax
December, 2008
November, 2008
September, 2008
August, 2008
July, 2008
June, 2008
March, 2008
February, 2008
January, 2008
December, 2007
November, 2007
October, 2007
September, 2007
August, 2007
May, 2007
April, 2007
March, 2007
February, 2007
January, 2007
November, 2006
October, 2006
September, 2006
August, 2006
July, 2006
June, 2006
May, 2006
April, 2006
March, 2006
February, 2006
January, 2006
November, 2005
September, 2005
August, 2005
July, 2005
June, 2005
May, 2005
April, 2005
March, 2005
January, 2005
July, 2004
June, 2004
May, 2004
April, 2004
March, 2004
February, 2004
January, 2004
December, 2003
November, 2003
October, 2003
July, 2003