Beware the Budget Busters in the Lame Duck
The lame duck Congress will return to Washington with an important to-do list that includes either finishing the seven unfinished appropriation bills...
Taxes
The Tax Bill Did Not Cause Revenue to Rise
A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
Further Tax Cuts Would Be Irresponsible
For Immediate Release
Recently, President Trump called for a new 10 percent middle class tax cut, which news reports suggest Congress is working to...
Upcoming Congressional Fiscal Policy Deadlines
Updated 10/1/2018: Congress has passed and the President has signed bills containing five of 12 appropriations bills and a continuing resolution...
JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
No, Really, Tax Revenue Has Not Risen
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department.
At the...
Tax Cut Extensions Would Cost $657 Billion
The House Ways and Means Committee on Monday released three bills they are dubbing "Tax Reform 2.0." The biggest of these bills would extend many of...
Further Tax Cuts are the Height of Fiscal Irresponsibility
For Immediate Release
The House Ways and Means Committee released “Tax Reform 2.0" Monday night, which would make permanent most of last year’s tax...
Has Revenue Risen in 2018?
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department.
The...
Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...