Taxes
Latest
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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Chartbook: Dynamic Scoring and Tax Reform
Read moreThis presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (not...
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The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
Read moreWhile the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
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House Tax Plan May Add Over $2 Trillion to the Debt
Read moreNote: This blog has been updated from its original posting to account for the new JCT score and a new estimate for the cost of extending the family...
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A Step Backwards for Fiscal Responsibility
Read moreFor Immediate Release Today, the House Ways and Means Committee unveiled the Chairman’s Mark of the “Tax Cuts and Jobs Act.” The following is a...
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Tax Cuts and Jobs Act Will Cost $1.5 Trillion
Read moreAccording to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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Five Gimmicks That May Hide the True Costs of Tax Reform
Read moreThe budget resolution recently passed by Congress sets the stage for fast-track tax reform legislation (a process known as reconciliation) that could...
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Temporary Expensing is a Budget Gimmick and a Bad Idea
Read moreOne provision included in the $2.2 trillion " Unified Tax Framework" would allow companies to fully deduct or "expense" capital purchases other than...
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Is President Trump's Tax Cut the Largest in History Yet?
Read morePresident Trump has often stated that his proposed tax cut will be the largest in history. We previously found his $5.5 trillion framework in April...
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Event Recap: Paying for Tax Reform
Read moreOn October 4, the Committee for a Responsible Federal Budget (CRFB) hosted an event on Capitol Hill on the need to pay for tax reform. The event...
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Maya MacGuineas: Trump Tax Cuts Could Cost Your Kids Dearly
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Options to Help Pay for the Big Six Tax Reform Framework
Read moreThe unified framework for tax reform released by the White House and GOP Congressional leaders includes several provisions that could result in about...