Tax Expenditures
Latest
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The Federal Tax Benefits for Nonprofit Hospitals
More than half of the nation’s hospitals are designated as “charitable” nonprofit institutions by the Internal Revenue Service (IRS), exempting them...
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Employee Retention Credit Faces 7X Cost Overrun
The pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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CBO Offers Approaches to Reduce Commercial Health Prices
The Congressional Budget Office (CBO) recently released a report discussing different policy approaches to reducing the prices paid by commercial...
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Heritage Foundation Releases 2022 Budget Blueprint
The Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
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Addressing Tax Expenditures Could Raise Substantial Revenue
While the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets that will be...
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Build Your Own Child Tax Credit 2.0
UPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As lawmakers continue to debate if...
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Build Your Own Child Tax Credit
UPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As the year comes to a close...
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New SALT Proposals Would Improve House Bill
So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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SALT Repeal Just Below $1 Million is Still Costly and Regressive
To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...
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"Revenue Neutral" SALT Cap Relief is Costly and Regressive
Several senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
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Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
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Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...