Tax Expenditures
Latest
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Higher Ed Tax Breaks Could Help Fill Pell Shortfall
Read moreThe Pell Grants program is out of reserves and faces a $100 to $185 billion shortfall over the next decade. As lawmakers work to limit the cost of the... -
Senator Wyden Introduces Tax Week Revenue-Raisers
Read moreSenator Ron Wyden (D-OR), the Ranking Member of the Senate Finance Committee, introduced five bills this week to close tax loopholes, improve tax... -
JCT Projects Tax Expenditures Will Be $2.3T in 2026
Read moreThe Joint Committee on Taxation (JCT) recently published their latest estimates of individual and corporate tax expenditures. In total, JCT projects... -
Romney Stresses Need for Entitlement Reform, Revenue Increases in NYT
Read moreFormer Senator Mitt Romney (R-UT), a board member of the Committee for a Responsible Federal Budget, published a guest essay in The New York Times... -
OBBBA Would Accelerate Social Security & Medicare Insolvency
Read moreThe Social Security and Medicare Trustees estimated in their 2025 annual reports on the programs that the retirement and hospital trust funds will... -
Options for Reducing Energy-Related Tax Breaks
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. OBBBA phased... -
Ways & Means Has Plenty of Deficit Reduction Options
Read moreThe Ways and Means Committee has jurisdiction over nearly $50 trillion of spending and tax breaks that can be tapped for reconciliation, including... -
Weakening the SALT Cap is Costly, Benefits High-Earners, & Increases Tax Complexity
Read moreThe Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) deduction cap, which is set... -
Weakening the SALT Cap Would be a Costly Mistake
Read moreAccording to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to... -
IRS Estimates a $606 Billion Tax Gap for 2022
Read moreThe Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the... -
The Federal Tax Benefits for Nonprofit Hospitals
Read moreMore than half of the nation’s hospitals are designated as “charitable” nonprofit institutions by the Internal Revenue Service (IRS), exempting them... -
Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...