Taxes
Latest
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Keeping Offsets on the Table
As lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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CBO Estimates $120 Billion from IRS Funding Boost
Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
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Comparing the Permanent Costs of Build Back Better and the TCJA
The bipartisan Infrastructure Investment and Jobs Act and the forthcoming budget reconciliation bill – together making up the core of the "Build Back...
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Chartbook: Reducing the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap.” The tax gap is the...
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There is No Such Thing as Progressive SALT Cap Relief
According to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (SALT...
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Republican and Democratic Presidents Support Reducing the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference between...
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Group of Senators Introduce Bill to Narrow the Tax Gap
Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
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Primer: Understanding the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
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Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax
President Biden deserves credit for his actions to date on climate change.
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Repealing the SALT Cap Would be More Regressive than the TCJA
Recently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Maya MacGuineas on CNN Discussing the Corporate Tax Rate
Committee for a Responsible Federal Budget President Maya MacGuineas appeared on CNN's "New Day" to discuss raising the corporate tax rate to help pay...
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Maya MacGuineas: There's a blatantly obvious way for the US to fight climate change and pay for new infrastructure
Maya 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...