Taxes
Latest
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Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreLast month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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"Revenue Neutral" SALT Cap Relief is Costly and Regressive
Read moreSeveral senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
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SALT Cap Repeal Below $500k Still Costly and Regressive
Read moreAccording to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $500,000...
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Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill
Read moreMarc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreThis week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
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Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
Read moreThe current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...
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An Update on Build Back Better Offsets
Read moreWe have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. Last week, the White House estimated...
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$72,500 SALT Cap is Costly and Regressive
Read moreThe latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT) deduction...
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5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better
Read moreAccording to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
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Bank Reporting Can Help Reduce the Tax Gap
Read moreThe White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
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Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
Read moreOn October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
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Reconciliation May Deliver a Tax Cut to the Rich
Read moreWhile much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the rich, the final legislation...