Taxes
Latest
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Republican and Democratic Presidents Support Reducing the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference between...
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Group of Senators Introduce Bill to Narrow the Tax Gap
Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
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Primer: Understanding the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
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Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax
President Biden deserves credit for his actions to date on climate change.
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What's in President Biden's American Families Plan?
This evening, President Joe Biden will unveil the third part of his ambitious “Build Back Better” agenda, the American Families Plan. According to the...
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Repealing the SALT Cap Would be More Regressive than the TCJA
Recently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Watch: Committee President Maya MacGuineas Testifies on Taxation of Corporations and the Wealthy
On March 25, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Senate Budget Committee on whether wealthy...
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Biden Campaign Plan Offers Menu of Offsets
With Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending and tax...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
In her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
In the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
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Would $2,000 Stimulus Checks Go to Six-Figure Households?
The House approved the CASH Act Monday to increase recently enacted stimulus checks from $600 to $2,000 per person. Some of those hesitant about the...
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How Much Would $2,000 Checks Cost?
With the enactment of the Response & Relief Act yesterday, policymakers in both parties have called for expanding recovery rebates from $600 per...