Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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Mar 11, 2020 | Blog Paper Press Release | Taxes

How Much Would Suspending the Payroll Tax Cost?

Policymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
Mar 3, 2020 | Blog Paper Press Release | Taxes

How Much Does a Payroll Tax Holiday Cost?

President Trump tweeted support for a one-year payroll tax cut Monday evening, saying: The Democrats in the House should propose a very simple one...

Pete Buttigieg's Climate Change Plan

Democratic presidential candidate and former South Bend, Indiana Mayor Pete Buttigieg has proposed a climate change plan with an end goal of getting...

Budget Deal Shows Bipartisan Failure of Leadership

For Immediate Release Later today, President Trump is expected to sign into law a $1.4 trillion spending package, appropriated through two bipartisan...

Appropriations Deal Will Cost $2.1 Trillion Over 20 Years

The appropriations deal's numerous deficit-increasing policies, most notably its permanent repeal of three Affordable Care Act (ACA) taxes, would...
Dec 17, 2019 | Blog Paper Press Release | Taxes

Let Zombie Tax Extenders Remain Dead

For Immediate Release Last night, the House Rules Committee added a set of tax cuts to the year-end appropriations package, reviving almost three...

Spending Package Could Add $500 Billion to Debt

Update 12/17/19: CBO and JCT have now estimated the year-end spending package after a late-night addition by the House Rules Committee. The bill now...
Dec 11, 2019 | Blog Paper Press Release | Taxes

Wall Street Journal Editorial Board Takes on Temporary Tax Breaks

The Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end spending...
Nov 18, 2019 | Blog Paper Press Release | Taxes

2020 Federal Tax Brackets Are Here

The income limits for all tax brackets are adjusted for inflation each year. This page lists the 2020 federal income tax thresholds along with new...