Taxes
Latest
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Weakening the SALT Cap Would Be a Wasteful Giveaway During a Crisis
Read moreFor Immediate Release With the economy reeling due to the coronavirus (COVID-19) pandemic, some Members of Congress are reportedly considering...
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How Much Would Suspending the Payroll Tax Cost?
Read morePolicymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
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ARCHIVE: Budget Offsets Bank
Read moreNote (7/14/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which includes updated options...
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How Much Does a Payroll Tax Holiday Cost?
Read morePresident Trump tweeted support for a one-year payroll tax cut Monday evening, saying: The Democrats in the House should propose a very simple one...
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Pete Buttigieg's Climate Change Plan
Read moreDemocratic presidential candidate and former South Bend, Indiana Mayor Pete Buttigieg has proposed a climate change plan with an end goal of getting...
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President Trump has Signed $4.7 Trillion of Debt into Law
Read moreOur US Budget Watch 2020 project analyzes, estimates, and explains the fiscal implications of proposals introduced during the presidential campaigns...
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Budget Deal Shows Bipartisan Failure of Leadership
Read moreFor Immediate Release Later today, President Trump is expected to sign into law a $1.4 trillion spending package, appropriated through two bipartisan...
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Appropriations Deal Will Cost $2.1 Trillion Over 20 Years
Read moreThe appropriations deal's numerous deficit-increasing policies, most notably its permanent repeal of three Affordable Care Act (ACA) taxes, would cost...
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OECD: U.S. Has the Highest Deficit
Read moreThe United States had the highest deficit in 2018 among Organisation for Economic Co-operation and Development (OECD) countries according to the...
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Wall Street Journal Editorial Board Takes on Temporary Tax Breaks
Read moreThe Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end spending...
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2020 Federal Tax Brackets Are Here
Read moreThe Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
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Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform
Read moreMarc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the deputy...