Taxes
Latest
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Lew Takes On Inversions
Treasury Secretary Jacob Lew proposed administrative rules this week that would limit the benefits of tax inversions, where companies move their...
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Deficit-Financed Tax Cuts May be Counterproductive
A new paper suggests that tax cuts that add to the deficit provide little boost to economic growth and may actually hinder it. Last week, the Tax...
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More Interesting Charts from CBO Director Elmendorf's Presentation
Earlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University highlighting the increased resources...
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House Jobs Plan Doesn't Work for the Deficit
House Republicans plan to vote this week on a jobs package combining bills that would "build a robust economy and foster job creation." While...
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Inverting the Rewards of Inversions
Senators Chuck Schumer (D-NY) and Dick Durbin (D-IL) have introduced legislation that would reduce the benefits to companies that choose to "invert,"...
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The $1.8 Trillion Drop in Revenue Projections
With the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
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Inversions Reduce Revenue, But Extenders Cost More
Many policymakers have expressed concern about "tax inversions," transactions where American companies move their headquarters overseas in order to...
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Reports Question Effectiveness of New Markets Tax Credit
Both the Government Accountability Office (GAO) and Senator Tom Coburn's (R-OK) office have released new reports on a tax credit that rewards banks...
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How Much of a Payroll Tax Increase Would It Take to Fix Social Security?
Around this time of year, the Social Security Trustees usually issue their report on the status of the program over the next 75 years. In advance of...
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Don't Use a Gimmick to Fund Our Highways
The House Ways and Means Committee just published its plan for a short-term fix to the Highway Trust Fund, which needs an additional $8 billion to...
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CTJ's Options for Raising Revenue
Citizens for Tax Justice released a new report detailing options to raise revenue, which could help lawmakers in their pursuit of tax reform to lower...
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Buying Time for a Highway Solution with General Funds
Our recent paper Trust or Bust: Fixing the Highway Trust Fund called on lawmakers to identify a long-term fix to the funding gap in the Highway Trust...