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...
Taxes
Tax Extender Package Could Lead to $710 Billion of More Debt
Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
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...
Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets
A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...
Upcoming Congressional Fiscal Policy Deadlines
Updated 6/11/2019: The next two years will include several predictable fiscal policy deadlines that will force congressional action. Many of...
Reviving Expired Tax Extenders Could Cost $150 Billion
For years, Washington has resigned itself to a patchwork of tax policy in place for one or two years at a time, allowing niche temporary...
Joint Letter: Don't Revive the Expired Tax Extenders
Below is a joint letter sent today to Congressional leadership and the heads of the taxwriting committees urging them against reviving the...
Was the Federal Reserve’s Monetary Tightening Unprecedented?
In a Wall Street Journal op-ed, House Ways and Means Committee Ranking Member Kevin Brady (R-TX) and former National Economic Council...
Written Testimony on Our Nation's Crumbling Infrastructure and the Need for Immediate Action
The Committee for a Responsible Federal Budget submitted testimony for the record pertaining to the House Ways and Means Committee hearing on "Our...
Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029
The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...