Taxes
Latest
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IRA Energy Provisions Cost Could Double With New Emissions Rule
Read moreLast April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standards starting in model year (MY) 2027...
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Don’t Add SALT to the Tax Deal
Read moreAccording to press reports, the House is considering new tax cuts and changes to follow the Committee-passed tax agreement that would expand the Child...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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How Much Would the Wyden-Smith Tax Deal Cost?
Read moreSenate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan...
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CRFB Reacts to Wyden-Smith Tax Cut Deal
Read moreToday, Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) announced a potential tax cut...
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GAO Recommends Actions to Reduce Tax Gap
Read moreThe Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
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Potential Tax Deal Could Cost $830 Billion
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
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Congress Should Avoid Costly Tax Cut Holiday Season
Read moreAccording to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax...
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Five Revenue-Raising Loophole Closures Policymakers Should Consider
Read moreGeorge Callas of Arnold Ventures, who previously served as a senior tax counsel in the U.S. House of Representatives – both for the Ways and Means...
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Year-End Tax Deal Could Cost Over $800 Billion if Made Permanent
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . According to press reports...
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Lawmakers Should Avoid Year-End Tax Cut Binge
Read moreAccording to press reports, lawmakers are considering a year-end tax package that would combine a temporary expansion of the Child Tax Credit with the...
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TCJA Expansions Could Balloon Cost of Extensions
Read moreExtending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...