Taxes
Latest
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2015’s Fiscal Follies and Reasons for Hope
It’s the end of the year and like so many organizations, CRFB wanted to share with you our top 10 list: a look back at Congress’s 10 top fiscal...
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JCT Estimates Over $1.2 Trillion in Tax Breaks in 2015
The Joint Committee on Taxation (JCT) recently released its latest estimate of tax expenditures covering the years 2015-2019. Based on the summed cost...
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Policymakers Dig Hole $1.2 Trillion Deeper in 2015
With debt already around its highest level as a share of Gross Domestic Product (GDP) other than around World War II and estimated to grow with no end...
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Expectations Vs Reality For the FY 2016 Budget
With the first session of the the 114th Congress rapidly drawing to a close and the big budget issues being settled, we will take a look at how the...
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The Fiscal Irresponsibility of the Tax Deal in 6 Charts
It's no surprise that a deficit-financed tax cut deal costing $830 billion after interest would be bad for the budget. We've been describing the...
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Negotiated Tax Deal Would Cost $680 Billion
Lawmakers have announced a negotiated package of business and individual tax breaks costing about $680 billion over ten years. After interest, we...
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Hoyer Slams Tax Extenders Deal
House Minority Whip Steny Hoyer (D-MD) took to the House floor on Tuesday to assert his opposition to a potential tax extenders deal, citing a recent...
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Tax Extenders Deal Might End Up Adding $4 Trillion to the Debt
The $700 billion price tag on the rumored deal to permanently extend expired tax breaks might actually be underselling just how expensive the package...
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Loren Adler: Tax Extenders Deal Could Undermine the ACA
Loren Adler, Research Director for the Committee for a Responsible Federal Budget, wrote a guest post that appeared on the RealClearPolicy blog . It...
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Senate Democrats Ask for Extenders to be Offset
Last week Senators Tammy Baldwin (D-WI), Sheldon Whitehouse (D-RI), Jack Reed (D-RI), Angus King (I-ME), and Elizabeth Warren (D-MA), sent a letter to...
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Short-Term Extenders Package Is Still Irresponsible
Faced with the possible opposition over a $700 billion deal to extend permanently some of the expiring " tax extenders", Congress may consider a bill...