Taxes
Latest
-
Omnibus Package Includes $135 Billion of Unrelated Tax Breaks
The omnibus package includes government funding for the rest of fiscal year 2021 and significant COVID relief, but it also contains $135 billion over...
-
End-of-Year Deadlines For Congress
Many economic relief provisions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other COVID-related bills expire at the end of...
-
Opportunities for Bipartisanship in a Divided Government
In 2021, the United States is likely to operate with divided or near-divided government. Democrats are slated to control the White House and the House...
-
Factchecking Tax Claims in the 2020 Election
In recent days, President Trump and former Vice President Joe Biden have made several competing claims about the other's tax agenda. We summarize and...
-
The Cost of the Trump and Biden Campaign Plans
Whoever is inaugurated on January 20, 2021, will face many fiscal challenges over his term. Under current law, trillion-dollar annual budget deficits...
-
Would Joe Biden Significantly Raise Taxes on Middle Class Americans?
During the 2020 Republican National Convention, several speakers claimed that Democratic nominee and former Vice President Joe Biden would...
-
How Much Would President Trump's Executive Orders Cost?
Update 8/10/20: We have revised our estimates downward to reflect our understanding from the final text of the memorandum that the payroll tax...
-
Understanding Joe Biden's 2020 Tax Plan
Former Vice President Joe Biden – the presumptive Democratic nominee for President in the 2020 election – has put forward a variety of tax proposals...
-
75% of Economic Impact Payments Have Been Paid So Far
The $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments.” These...
-
Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0
For Immediate Release In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three...
-
Bernie Sanders's Coronavirus Relief Package
Democratic presidential candidate Senator Bernie Sanders (I-VT) released his Priorities for the Next Coronavirus Relief Package, a plan to build on...
-
Loosening the SALT Cap is Poorly Targeted
The third COVID-19 relief bill was signed on Friday, and lawmakers are now starting to propose ideas for the next round of stimulus. House Speaker...