Taxes
Latest
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Can a Carbon Tax Fund Climate Investments?
Read moreThough the Senate will not consider the House-passed Build Back Better Act (BBB), there has been some discussion of reviving the legislation’s climate...
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Deficit Reduction Through Reconciliation Would Be Great News
Read morePolicymakers are apparently considering developing a new reconciliation package that would focus in part on deficit reduction. The following is a...
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Tax Experts Urge Congress To Fix IRS Backlog And Reduce The Tax Gap
Read moreToday, a diverse group of former tax officials and policy experts sent a letter to the leadership of the Appropriations Committees urging them to...
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Maya MacGuineas: Say no to a gas tax holiday
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Gas Tax Holiday Would Take A Wrong Turn
Read moreThe White House and some in Congress are reportedly considering suspending the 18.3 cent federal gas tax for the remainder of 2022. The Committee for...
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Gas Tax Holiday Would Cost $20 Billion
Read moreThis week, a group of senators introduced legislation to suspend the federal gas tax through December 2022 amid rising inflation. We estimate the...
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Policymakers Shouldn't Weaken Build Back Better Surtax
Read moreTo help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version) includes a high...
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Addressing Tax Expenditures Could Raise Substantial Revenue
Read moreWhile the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets that will be...
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Build Your Own Child Tax Credit 2.0
Read moreUPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As lawmakers continue to debate if...
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Build Your Own Child Tax Credit
Read moreUPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As the year comes to a close...
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New SALT Proposals Would Improve House Bill
Read moreSo far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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SALT Repeal Just Below $1 Million is Still Costly and Regressive
Read moreTo avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...