Tax Expenditures
Latest
-
The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
While the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
-
Tax Cuts and Jobs Act Will Cost $1.5 Trillion
According to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
-
The Mortgage Interest Deduction Should Be on the Table
As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
-
The State and Local Tax Deduction Should Be on the Table
As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...
-
Does the State & Local Tax Deduction Mostly Help High-Income Households?
At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
-
Big 6 Tax Framework Could Cost $2.2 Trillion
The so-called "Big 6" today released their framework for comprehensive tax reform. While significant detail still needs to be filled in, enough exists...
-
The Feldstein-Feenberg-MacGuineas Cap Could Be Useful for Tax Reform
As lawmakers gear up for tax reform, they will need options to broaden the tax base and ensure that tax reform doesn’t add to debt. The traditional...
-
Options to Help Pay For the Trump Tax Plan
President Trump's tax reform proposal could cost $5.5 trillion over 10 years, but many of the details that might bring the price tag down have not...
-
Tax Day 2017: Charts to Explain Our Tax System
To commemorate Tax Day, CRFB and our partners at Fix the Debt have released our annual chartbook on federal taxes. It outlines who pays taxes, what...
-
Senator Flake Releases "Tax Rackets" Oversight Report
With Tax Day approaching on April 18 and Congress considering tax reform, Senator Jeff Flake (R-AZ) has released an oversight report, Tax Rackets...
-
JCT Estimates Record $1.6 Trillion in Tax Breaks in 2017
The Joint Committee on Taxation (JCT) released a new estimate earlier this year for the cost of tax expenditures over the years 2016-2020. In total...
-
Tax Day 2016: Charts to Explain our Tax System
Today is Tax Day! Our partners at Fix the Debt have republished their annual chartbook to explain federal taxes – including who pays them, what they...