Tax Expenditures
Latest
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Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
Read moreThe current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...
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SALT Cap Repeal Does Not Belong in Build Back Better
Read morePress reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their Build...
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It’s Time to Wind Down the Student Loan Moratorium
Read moreThe Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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There is No Such Thing as Progressive SALT Cap Relief
Read moreAccording to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (SALT...
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What's in President Biden's American Families Plan?
Read moreThis evening, President Joe Biden will unveil the third part of his ambitious “Build Back Better” agenda, the American Families Plan. According to the...
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Repealing the SALT Cap Would be More Regressive than the TCJA
Read moreRecently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
Read moreIn her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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BPC Releases Recommendations on Reforming Federal Higher Education Support
Read moreThe Bipartisan Policy Center (BPC) Task Force on Higher Education Financing and Student Outcomes recently released a report outlining 45...
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Are There $1.6 Trillion in Tax Loopholes?
Read moreFormer Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
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Repealing SALT Caps Would Cost Another $500 Billion
Read moreThe Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT) deduction...
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Tax Extenders Package Could Add Half a Trillion Dollars to the Debt
Read moreThe House Ways and Means Committee is scheduled to mark up legislation to revive special interest tax breaks known as “tax extenders” this week while...
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After Tax Reform, Tax Expenditures Remain Costly
Read moreThe Joint Committee on Taxation (JCT) recently released its latest tax expenditure estimates. The report shows that despite the 2017 tax law, which...