Taxes
Latest
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IRS Cuts Would Cause $66 Billion of Revenue Loss
Read moreThe continuing resolution recently introduced in the House of Representatives would extend the $20.2 billion in rescissions to the Internal Revenue...
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How Big is the Tax Gap?
Read moreThe Senate Finance Committee will hold a hearing on September 12 on tax avoidance and how it relates to the upcoming debate on extending the expiring...
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Donald Trump’s Proposal to Lower the Corporate Tax Rate to 15%
Read morePresident Trump recently proposed lowering the corporate tax rate from 21 to 15 percent for corporations that make their products in America. Under...
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SALT Cap Expiration Could Be Costly Mistake
Read moreSome policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We...
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Maya MacGuineas Discusses Tax Policy on Bloomberg TV
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas recently joined Bloomberg TV's "Balance of Power" with host Joe Mathieu...
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TCJA Extension Could Add $4 to $5 Trillion to Deficits
Read moreOur newly-released Build Your Own Tax Extensions tool is now updated to reflect the most recent estimates by the Congressional Budget Office (CBO) on...
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Tax Cut Extension Would Only Pay for 1% to 14% of Itself
Read moreSeveral major elements of the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of 2025. While the estimated cost of extending...
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Tax Cut Extensions Are 50% Larger
Read moreExtending certain parts of the Tax Cuts & Jobs Act (TCJA) would reduce revenue by $4 trillion through 2034, according to new estimates from the Joint...
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How Much will Biden’s Tariffs Raise?
Read morePresident Biden recently announced increases to a number of tariffs on Chinese imports, including for lithium-ion batteries, electric vehicles, and...
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Tax Cut Extensions Could Cost $4 Trillion or More
Read moreAccording to new Joint Committee on Taxation (JCT) estimates published by the Congressional Budget Office, extending the expiring or changing elements...
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Tim Penny & David Minge: Taxes increasingly paying for the past - not the future
Read moreTim Penny is co-chair and David Minge is a an emeritus board member of the Committee for a Responsible Federal Budget. Both are former representatives...
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2017 Tax Cuts Continue to Lose Revenue
Read moreUPDATE (June 2024): This analysis has been updated for CBO's June 2024 baseline update . The Congressional Budget Office (CBO) estimated the Tax Cuts...