Taxes
Latest
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The Cost of the Trump and Biden Campaign Plans
Read moreWhoever is inaugurated on January 20, 2021, will face many fiscal challenges over his term. Under current law, trillion-dollar annual budget deficits...
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Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
Read moreDuring the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
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How Much Would President Trump's Executive Orders Cost?
Read moreUpdate 8/10/20: We have revised our estimates downward to reflect our understanding from the final text of the memorandum that the payroll tax...
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Understanding Joe Biden's 2020 Tax Plan
Read moreFormer Vice President Joe Biden – the presumptive Democratic nominee for President in the 2020 election – has put forward a variety of tax proposals...
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75% of Economic Impact Payments Have Been Paid So Far
Read moreThe $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments.” These...
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Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0
Read moreFor Immediate Release In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three...
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Bernie Sanders's Coronavirus Relief Package
Read moreDemocratic presidential candidate Senator Bernie Sanders (I-VT) released his Priorities for the Next Coronavirus Relief Package, a plan to build on...
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Loosening the SALT Cap is Poorly Targeted
Read moreThe third COVID-19 relief bill was signed on Friday, and lawmakers are now starting to propose ideas for the next round of stimulus. House Speaker...
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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...