Taxes
Latest
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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...
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Policymakers Should Reject Efforts to Weaken SALT Cap
Read moreFor Immediate Release The Senate is voting this afternoon to reopen state workarounds on the limits on the State and Local Tax (SALT) deduction by...
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Maya MacGuineas: The Tax Cuts and Jobs Act Made the Debt Worse and Makes Fixing It Even Harder
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote a blog...
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Would Medicare for All Require a Middle-Class Tax Hike?
Read moreWith several 2020 presidential candidates endorsing a move to single-payer health care ( Medicare for All), there is an ongoing debate over whether...
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Kamala Harris's LIFT the Middle Class Act
Read moreDemocratic presidential candidate Senator Kamala Harris (D-CA) has called for giving a $3,000 per person ($6,000 per couple) refundable tax credit for...