Taxes
Latest
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Can a Carbon Tax Fund Climate Investments?
Read moreThough the Senate will not consider the House-passed Build Back Better Act (BBB), there has been some discussion of reviving the legislation’s climate...
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Heritage Foundation Releases 2022 Budget Blueprint
Read moreThe Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
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Maya MacGuineas: Say no to a gas tax holiday
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Gas Tax Holiday Would Cost $20 Billion
Read moreThis week, a group of senators introduced legislation to suspend the federal gas tax through December 2022 amid rising inflation. We estimate the...
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Policymakers Shouldn't Weaken Build Back Better Surtax
Read moreTo help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version) includes a high...
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Build Your Own Child Tax Credit 2.0
Read moreUPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As lawmakers continue to debate if...
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Build Your Own Child Tax Credit
Read moreUPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As the year comes to a close...
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New SALT Proposals Would Improve House Bill
Read moreSo far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreLast month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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"Revenue Neutral" SALT Cap Relief is Costly and Regressive
Read moreSeveral senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
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UPDATE: Build Back Better Visualized
Read moreUPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
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SALT Cap Repeal Below $500k Still Costly and Regressive
Read moreAccording to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $500,000...