Tax Expenditures
Latest
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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...
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Does the State & Local Tax Deduction Mostly Help High-Income Households?
Read moreAt a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
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Big 6 Tax Framework Could Cost $2.2 Trillion
Read moreThe so-called "Big 6" today released their framework for comprehensive tax reform. While significant detail still needs to be filled in, enough exists...
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The Feldstein-Feenberg-MacGuineas Cap Could Be Useful for Tax Reform
Read moreAs lawmakers gear up for tax reform, they will need options to broaden the tax base and ensure that tax reform doesn’t add to debt. The traditional...