Tax Gap
Latest
-
IRS Estimates a $625 Billion Tax Gap
The Internal Revenue Service (IRS) recently released a new analysis of the “ tax gap ” – the difference between taxes owed to the federal government...
-
IRS Rescission Would Worsen Deficits
Rescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...
-
Breaking Down the Proposals in the President's FY 2024 Budget
The FY 2024 President’s budget includes policy changes that it estimates would reduce budget deficits by $3 trillion over a decade, the net effect of...
-
IRS Funding Repeal Could Cost Over $100 Billion, Encourage Tax Cheating
1/9 Update: CBO released a score of the bill, incorporated below. The House is likely to vote today on a bill that would rescind roughly $70 billion...
-
IRS Releases Updated Tax Gap Analysis
The Internal Revenue Service (IRS) recently released an updated analysis of the “ tax gap ” – the difference between taxes owed to the federal...
-
CBO Scores IRA with $238 Billion of Deficit Reduction
The Congressional Budget Office (CBO) just released a final score of the Inflation Reduction Act, finding it would reduce deficits by $238 billion...
-
The Inflation Reduction Act Would Reduce the Tax Gap
Of the $790 billion of savings and offsets in the Inflation Reduction Act (IRA) , about $125 billion would come from improving tax compliance...
-
What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
-
Reducing Drug Prices and the Tax Gap
As lawmakers negotiate a possible reconciliation bill, they should look to offsets from the House-passed Build Back Better Act (BBB) to help fund new...
-
Tax Experts Urge Congress To Fix IRS Backlog And Reduce The Tax Gap
Today, a diverse group of former tax officials and policy experts sent a letter to the leadership of the Appropriations Committees urging them to...
-
UPDATE: Build Back Better Visualized
UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
-
Build Back Better Visualized
Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...