Taxes
Latest
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The Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically...
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Further Tax Cuts Would Be Irresponsible
For Immediate Release Recently, President Trump called for a new 10 percent middle class tax cut, which news reports suggest Congress is working to...
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JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
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No, Really, Tax Revenue Has Not Risen
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
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House to Consider Another $59 Billion of Tax Cuts
The House will likely consider a package of health-related tax cuts this week, separate from the permanent extension of the 2017 tax law considered by...
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Tax Cut Extensions Would Cost $657 Billion
The House Ways and Means Committee on Monday released three bills they are dubbing "Tax Reform 2.0." The biggest of these bills would extend many of...
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Further Tax Cuts are the Height of Fiscal Irresponsibility
For Immediate Release The House Ways and Means Committee released “Tax Reform 2.0" Monday night, which would make permanent most of last year’s tax...
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Has Revenue Risen in 2018?
A recent Wall Street Journal piece suggests that despite massive tax cuts, revenue continues to rise. In reality, revenue has fallen since the...
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A Plan to Save the Highway Trust Fund
House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) recently introduced a discussion draft of legislation to improve the...
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CRFB Reacts to Capital Gains Tax Proposal
For Immediate Release Recently, a number of proposals have emerged to modify the capital gains tax – either by legislation or through administrative...
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Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to recent...
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House to Vote on $90 Billion of Tax Cuts
The House of Representatives is voting this week on three bills targeting health care-related tax provisions and expanding the use of Health Savings...