Taxes
Latest
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JCT's Latest Analysis Confirms Tax Bills Will Produce Modest Growth, Won't Pay For Themselves
The Joint Committee on Taxation (JCT) released its dynamic analysis of the House's version of the Tax Cuts and Jobs Act (TCJA) yesterday. JCT's...
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Treasury Department Report Assumes Instead of Analyzing
For Immediate Release Today, the Treasury Department’s Office of Tax Policy issued a finding that claims the Senate Finance Committee's tax reform...
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The Tax Bill Conference Committee Can Make The Final Bill Responsible
Both the House and Senate versions of the Tax Cuts and Jobs Act (TCJA) as currently written would cost nearly $1.5 trillion on a conventional basis...
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Comparing the Two Versions of the Tax Cuts and Jobs Act Headed to Conference
The House and Senate have each passed their own version of the Tax Cuts and Jobs Act, and lawmakers from each chamber will have to iron out the...
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Senate Tax Bill Could Ultimately Cost Up to $2 Trillion
The final Senate version of the Tax Cuts and Jobs Act (TCJA) would cost $1.45 trillion under conventional scoring and over $1 trillion on a dynamic...
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CRFB Reaction to Senate Tax Bill
For Immediate Release The Senate unveiled a revised tax reform bill Friday. The following is a statement from Maya MacGuineas, president of the...
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No Estimate Shows Tax Bills Would Pay For Themselves
The Joint Committee on Taxation (JCT) released an official dynamic estimate of the Tax Cuts and Jobs Act (TCJA) yesterday as reported by the Senate...
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December Legislation Could Bring Back Trillion-Dollar Deficits
Congress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
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JCT Score Shows Tax Bill Would Cost $1 Trillion After Economic Growth
For Immediate Release The Joint Committee on Taxation (JCT) released its dynamic score of the Senate Finance Committee-passed Tax Cuts and Jobs Act...
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Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
The Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
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Five Ways to Improve the Senate Tax Bill
The current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
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Can Tax Reform Generate 0.4% Additional Growth?
Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...