Taxes

Of the $790 billion of savings and offsets in the Inflation Reduction Act (IRA), about $125 billion would come from improving tax compliance...

A recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...

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...

One way for the federal government to raise new revenue and reduce greenhouse gas emissions would be by putting a price on carbon. A carbon tax could...

As possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...

According to press reports, policymakers are considering broadening the base of the 3.8 percent Net Investment Income Tax (NIIT) or self-employment...

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...

The Congressional Budget Office's (CBO) latest baseline spells out what the federal budget will look like under current law, but also estimates the...

The Senate Finance Committee recently advanced the Enhancing American Retirement Now (EARN) Act, a bill designed to encourage private retirement...

On May 17, the Committee for a Responsible Federal Budget hosted an event on the "Fiscal Solutions to Climate Change." The virtual event featured a...