Tax Gap
Latest
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The Inflation Reduction Act Would Reduce the Tax Gap
Of the $790 billion of savings and offsets in the Inflation Reduction Act (IRA) , about $125 billion would come from improving tax compliance...
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What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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Reducing Drug Prices and the Tax Gap
As lawmakers negotiate a possible reconciliation bill, they should look to offsets from the House-passed Build Back Better Act (BBB) to help fund new...
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Tax Experts Urge Congress To Fix IRS Backlog And Reduce The Tax Gap
Today, a diverse group of former tax officials and policy experts sent a letter to the leadership of the Appropriations Committees urging them to...
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UPDATE: Build Back Better Visualized
UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
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Build Back Better Visualized
Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...
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Bank Reporting Can Help Reduce the Tax Gap
The White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
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Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
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Chartbook: Build Back Better for Less
Policymakers are apparently now targeting $1.5 trillion to $2.3 trillion of gross spending increases and tax cuts for their Build Back Better...
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Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS
Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
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Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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CBO Estimates $120 Billion from IRS Funding Boost
Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...