Tax Gap

The Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the...

The continuing resolution recently introduced in the House of Representatives would extend the $20.2 billion in rescissions to the Internal Revenue...

The Senate Finance Committee will hold a hearing on September 12 on tax avoidance and how it relates to the upcoming debate on extending the expiring...

Rescinding $20 billion of Internal Revenue Service (IRS) funding would ultimately add over $30 billion to the deficit, including $24 billion through...

The House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...

The Internal Revenue Service (IRS) recently released a new analysis of the “ tax gap” – the difference between taxes owed to the federal government...

Rescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...

The FY 2024 President’s budget includes policy changes that it estimates would reduce budget deficits by $3 trillion over a decade, the net effect of...

1/9 Update: CBO released a score of the bill, incorporated below. The House is likely to vote today on a bill that would rescind roughly $70 billion...

The Internal Revenue Service (IRS) recently released an updated analysis of the “ tax gap” – the difference between taxes owed to the federal...

The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...