Taxes
Latest
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Did We Cut Taxes When We Last Balanced the Budget?
Governor John Kasich (R-OH), who our previous Fiscal FactChecker pointed out was a key player in the 1997 balanced budget agreement, claimed last...
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Fiscal FactCheck: The Second Republican Debate
This blog is part of the “ Fiscal FactCheck ” series designed to examine the accuracy of budget-related statements made during the 2016 presidential...
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Ways & Means Committee Keeps Cutting Taxes, Adding to Debt
The House Ways & Means Committee today approved tax and health breaks costing nearly $420 billion over ten years, or almost $520 billion with interest...
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Governor Bush Releases Tax Reform Plan
Presidential candidate Governor Jeb Bush (R-FL) announced his tax reform plan to trim deductions and lower tax rates yesterday. It is one part of his...
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Can Tax Reform Substantially Accelerate Economic Growth?
Since the 2016 Presidential campaign began, a number of candidates have touted tax reform – either overhauling or replacing the current income tax –...
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Washington Post Defends the Cadillac Tax
The Washington Post published an editorial Sunday defending the “Cadillac tax,” a part of the Affordable Care Act, in the face of a legislative effort...
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Most of Deficit's Decline Because Tax Breaks Aren't Included
Much of the press coverage of the updated projections issued by the Congressional Budget Office last week focused on the fact that the deficit would...
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A Preview of the Potentially High-Stakes Fall
Lawmakers have dealt with several Fiscal Speed Bumps – budgetary deadlines – throughout the year, but quite a few will appear over the next few months...
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The Gathering Storm: Fiscal Clouds Amass This Fall
In early 2015, the Committee for a Responsible Federal Budget (CRFB) warned of the upcoming Fiscal Speed Bumps, explaining “lawmakers will face a...
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Carper's Highway Plan Responsibly Fixes Trust Fund But With a Catch
The three-month highway law that passed last month was intended to buy time for a more lasting solution for the Highway Trust Fund's finances, so it...
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Could the FairTax Get Rid of the IRS?
When discussing how he would reduce the size of government, Gov. Huckabee stated that he’s “still the one who says that we can get rid of the Internal...
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Can We Dramatically Lower Tax Rates by Closing a Few Egregious Loopholes?
Candidates who propose tax reform plans that are revenue-neutral may suggest that the cost of tax rate reductions can be offset by closing egregious...