Taxes
Latest
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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...
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Restoring Highway Solvency with New Revenue Sources
As we approach the twin deadlines to reauthorize surface transportation spending and shore up the Highway Trust Fund (HTF), policymakers should note...
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Restoring Highway Solvency by Increasing Current Revenue
Without a fix soon, the Highway Trust Fund (HTF) will run out of money this summer, slowing down infrastructure projects across the nation. Our recent...
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Murphy-Corker: A Responsible Solution for Highways and an Irresponsible One for Tax Extenders
Senators Chris Murphy (D-CT) and Bob Corker (R-TN) announced a proposal this week to close the Highway Trust Fund (HTF) shortfall by increasing the...
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Repatriation Tax Holiday Doesn't Work As a Highway Trust Fund Offset
With the Highway Trust Fund (HTF) running low and the threat of disrupting highway construction later this summer, lawmakers are scrambling to come up...
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Social Security's Worsening Financial Picture Since 2011
We have already shown how both federal health care spending and revenue projections have been revised downward by $900 billion and $4.2 trillion...
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The $4.2 Trillion Drop in Revenue Projections
As we explained last week, health care spending is growing more slowly, which is great news for the federal budget. Spending has been revised downward...
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Understanding the Difference Between Temporary and Permanent in Budget Scoring
This week, Congress will continue to deliberate if and how to continue the “ tax extenders” which expired at the end of 2013. In doing so, both the...