Tax Expenditures
Latest
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Addressing Tax Expenditures Could Raise Substantial Revenue
Read moreWhile 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
Read moreUPDATE (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
Read moreUPDATE (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
Read moreSo 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
Read moreTo 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
Read moreSeveral 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
Read moreThis 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
Read moreThe 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...
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SALT Cap Repeal Does Not Belong in Build Back Better
Read morePress reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their Build...
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It’s Time to Wind Down the Student Loan Moratorium
Read moreThe Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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There is No Such Thing as Progressive SALT Cap Relief
Read moreAccording to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (SALT...
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What's in President Biden's American Families Plan?
Read moreThis evening, President Joe Biden will unveil the third part of his ambitious “Build Back Better” agenda, the American Families Plan. According to the...