Taxes
Latest
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Marc Goldwein: Point: Suspending Federal Gas Tax Will Only Worsen Transportation
Read moreMarc Goldwein is the senior vice president and senior policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Bill Would Raise Revenue by Improving Tax Compliance
Read moreSenator Angus King (I-ME), joined by many of his colleagues, introduced the Stop CHEATERS Act (S. 4298) last month. The bill would provide $84 billion...
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Proposed EV Fee Could Raise $30 Billion
Read moreNote: The Congressional Budget Office has released an official estimate of the potential revenue from the proposed registration fee on Electric...
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Senator Wyden Introduces Tax Week Revenue-Raisers
Read moreSenator Ron Wyden (D-OR), the Ranking Member of the Senate Finance Committee, introduced five bills this week to close tax loopholes, improve tax...
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Recent Metal Tariff Changes Will Lose $90 Billion, Instead of Raising Revenue
Read moreOn April 2 the Administration issued a proclamation adjusting tariffs on imports of aluminum, steel, and copper. Contrary to the initially reported...
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Potential Steel and Aluminum Tariff Changes Would Raise $70 Billion
Read moreNote: (04/02/2026) The Administration's proclamation issued today adjusting tariffs on the imports of steel, aluminum, and copper differs from...
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A Gas Tax Holiday Would Cost Billions Each Month
Read moreIn the midst of the conflict with Iran and spiking oil prices, policymakers are reportedly considering – and some have introduced – a temporary gas...
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How Much Will Trump’s New 10% (or 15%) Tariffs Raise?
Read moreUPDATE (March 5, 2026): CBO estimated the Supreme Court ruling that IEPPA tariffs are illegal will reduce revenue by $1.6 trillion through 2036...
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SCOTUS Tariff Ruling Could Add $2.4 Trillion to the Debt
Read moreToday the Supreme Court ruled that the International Emergency Economic Power Act (IEEPA) does not authorize the President to impose tariffs. We...
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JCT Projects Tax Expenditures Will Be $2.3T in 2026
Read moreThe Joint Committee on Taxation (JCT) recently published their latest estimates of individual and corporate tax expenditures. In total, JCT projects...
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CBO’s New Projections Show $1 Trillion Less in Tariff Savings
Read moreUpdated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt (including interest) by $3.0...
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Tariff Dividends Could Cost $600 Billion Per Year
Read morePresident Trump proposed paying a dividend of “at least $2,000 a person” with new tariff revenue in a post on Truth Social this weekend. The post...