WATCH: MacGuineas Testifies Before Ways & Means Tax Policy Subcommittee
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Ways and Means Tax Policy Subcommittee on tax extenders on Wednesday, March 14, at 10:00 a.m. EDT. The topic of the hearing was “Post Tax Reform Evaluation of Recently Expired Tax Provisions.”
Watch the hearing below:
MacGuineas's testimony focuses on four main points:
1. Tax extenders are generally poor policy.
2. The 2015 PATH Act was supposed to permanently resolve the tax extenders.
3. The Tax Cuts and Jobs Act made things worse, not better.
4. With the dire fiscal situation, we can't keep debt-financing tax extenders.