Tax Expenditures

Jul 10, 2019 | Blog Paper Press Release | Taxes

Are There $1.6 Trillion in Tax Loopholes?

Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Jun 25, 2019 | Blog Paper Press Release | Taxes

Repealing SALT Caps Would Cost Another $500 Billion

The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Concept_Taxes_Calculator_Business
Jun 19, 2019 | Blog Paper Press Release | Taxes

Tax Extenders Package Could Add Half a Trillion Dollars to the Debt

The House Ways and Means Committee is scheduled to mark up legislation to revive special interest tax breaks known as “tax extenders” this week...
Taxes_1040 Form
Jun 15, 2018 | Blog Paper Press Release | Taxes

After Tax Reform, Tax Expenditures Remain Costly

The Joint Committee on Taxation (JCT) recently released its latest tax expenditure estimates. The report shows that despite the 2017 tax law, ...
Nov 7, 2017 | Blog Paper Press Release | Taxes

The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule

While the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
Taxes_1040 Form
Nov 2, 2017 | Blog Paper Press Release | Taxes

Tax Cuts and Jobs Act Will Cost $1.5 Trillion

According to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
Concept_Community
Oct 30, 2017 | Blog Paper Press Release | Taxes

The Mortgage Interest Deduction Should Be on the Table

As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
Taxes_1040 Form
Oct 11, 2017 | Blog Paper Press Release | Taxes

The State and Local Tax Deduction Should Be on the Table

As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...
Concept_Magnifying Glass
Oct 6, 2017 | Blog Paper Press Release | Taxes

Does the State & Local Tax Deduction Mostly Help High-Income Households?

At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
Taxes_IRS
Sep 27, 2017 | Blog Paper Press Release | Taxes

Big 6 Tax Framework Could Cost $2.2 Trillion

The so-called "Big 6" today released their framework for comprehensive tax reform. While significant detail still needs to be filled in, enough...

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