Taxes
Latest
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‘Line’ Items: World Cup Edition
“Beautiful Game”and Not-So-Pretty Agenda – Add soccer to all the other distractions in Washington as lawmakers face a packed agenda. With the World...
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Dueling Editorials
Start with a basic question: Do you think politicians are better at cutting taxes and increasing spending, or the reverse? The answer should help you...
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Oil in the Gulf Isn’t the Only Threat That Needs to Be Capped
Lawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...
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‘Line’ Items: Pitching, Polls, and the New Charity of Choice
Making the Pitch – With much of Washington eagerly anticipating the debut of Stephen Strasburg on the mound tomorrow, the return of Congress this week...
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Follow the Yellow Brick Road
We at CRFB believe in the Wizard of Oz theory of deficit reduction. Passing the right package of spending cuts and tax increases requires a brain – so...
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House Passes Extensions, But Senate Will Wait Until After Recess
The House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote. In a...
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Up-Hill Drive for Spending Bills, But No Gas in the Tank for Paying for Them
Two massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers...
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Spending Cuts Make Good Offsets Too
The extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset. Emergency...
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Estimates of the Wyden-Gregg Tax Reform Bill
A few months back, we discussed a comprehensive proposal by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), the Bipartisan Tax Fairness and...
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Safety Net and Tax Extender Proposals Are Still Not Paid For
CBO and JCT have released updated cost estimates of the most recent version of the American Jobs and Closing Tax Loopholes Act (H.R. 4213), a bill...
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Papa's Got A Brand New Bill
Over the past few weeks, passage of an "extenders" bill has become the top priority of Congress. The bill, HR 4213, finally seems to have a definitive...
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‘Line’ Items: Deeming, Dreaming, Votes and Quotes
Little Resolve for Budget Resolution – Leaders in the House have yet to make a final decision on moving forward with a FY2011 budget resolution. But...