Taxes
Latest
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How Much Would a Payroll Tax Holiday Cost?
Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...
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Letter: Nearly 100 Experts Warn Against Cadillac Tax Repeal
A group of nearly 100 distinguished health and economic policy experts from across the ideological spectrum joined together to warn the Senate against...
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President Trump’s $4 Trillion Debt Increase
If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In total, we...
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Ways and Means Tax Package Could Cost Over $900 Billion Now
Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and dramatically...
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House Should Reject Another Deficit-Financed Tax Cut
For Immediate Release The House of Representatives is scheduled to vote on a permanent repeal of the "Cadillac tax" on high-cost health insurance...
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Are There $1.6 Trillion in Tax Loopholes?
Former 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
The 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 Extender Package Could Lead to $710 Billion of More Debt
Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
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Tax Extenders Package Could Add Half a Trillion Dollars to the Debt
The 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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Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets
A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...
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Representative Blumenauer Introduces Bill to Shore Up the Highway Trust Fund
Representative Earl Blumenauer (D-OR) has introduced the Rebuild America Act, which would raise the excise taxes on gasoline and diesel fuel five...
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Reviving Expired Tax Extenders Could Cost $150 Billion
For years, Washington has resigned itself to a patchwork of tax policy in place for one or two years at a time, allowing niche temporary tax...