Taxes
Latest
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Should Congress Extend Bonus Depreciation?
The Ways and Means Committee voted on a number of tax bills last week, including legislation that would restore and expand bonus depreciation at a...
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Ways and Means Continues Increasing Deficit With Tax Cuts
The Ways and Means Committee is continuing to work through the set of over 50 tax breaks that expired at the end of 2013, choosing certain provisions...
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Options for Reforming the Mortgage Interest Deduction
The mortgage interest deduction has long been targeted as a tax expenditure by advocates of tax reform. In a new paper, the Tax Policy Center's Amanda...
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Senate Moves Forward on Increasing Deficit with Tax Extenders
The Senate is moving forward with tax extenders legislation, renewing a variety of breaks that expired at the end of last year for research, small...
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Social Security's Worsening Financial Picture Since 2011
We have already shown how both federal health care spending and revenue projections have been revised downward by $900 billion and $4.2 trillion...
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The $4.2 Trillion Drop in Revenue Projections
As we explained last week, health care spending is growing more slowly, which is great news for the federal budget. Spending has been revised downward...
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President's Advisors Recommend Veto of Unoffset Tax Bill
The White House issued a Statement of Administration Policy (SAP) yesterday in opposition to the extension and expansion of the Research &...
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Chartbook: The Tax Extenders
An annotated version of this chartbook is available at Want to Understand the Tax Extenders? Here's a Few Charts. Much more detail about the history...
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Want to Understand the Tax Extenders? Here's a Few Charts.
Congress is continuing to discuss this week the tax extenders, a set of tax breaks that expired at the end of last year which could have major fiscal...
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Major Budget Plans Deal With Extenders Responsibly
As Congress considers how to address the “ tax extenders” that expired last year, it’s important to remember that many major proposals would allow...
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Understanding the Difference Between Temporary and Permanent in Budget Scoring
This week, Congress will continue to deliberate if and how to continue the “ tax extenders” which expired at the end of 2013. In doing so, both the...
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Ways & Means Considers Extending Business Tax Breaks
The House and Senate appear to be taking different approaches to the " tax extenders" which expired at the end of 2013. Whereas the Senate Finance...