Tax Expenditures
Latest
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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...
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Repealing the SALT Cap Would be More Regressive than the TCJA
Read moreRecently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
Read moreIn her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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BPC Releases Recommendations on Reforming Federal Higher Education Support
Read moreThe Bipartisan Policy Center (BPC) Task Force on Higher Education Financing and Student Outcomes recently released a report outlining 45...
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Are There $1.6 Trillion in Tax Loopholes?
Read moreFormer Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
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Repealing SALT Caps Would Cost Another $500 Billion
Read moreThe Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT) deduction...
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Tax Extenders Package Could Add Half a Trillion Dollars to the Debt
Read moreThe House Ways and Means Committee is scheduled to mark up legislation to revive special interest tax breaks known as “tax extenders” this week while...
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After Tax Reform, Tax Expenditures Remain Costly
Read moreThe Joint Committee on Taxation (JCT) recently released its latest tax expenditure estimates. The report shows that despite the 2017 tax law, which...
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The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
Read moreWhile the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
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Tax Cuts and Jobs Act Will Cost $1.5 Trillion
Read moreAccording to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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The Mortgage Interest Deduction Should Be on the Table
Read moreAs efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
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The State and Local Tax Deduction Should Be on the Table
Read moreAs tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...