Taxes
Latest
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Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax
Read morePresident Biden deserves credit for his actions to date on climate change.
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What's in President Biden's American Families Plan?
Read moreThis evening, President Joe Biden will unveil the third part of his ambitious “Build Back Better” agenda, the American Families Plan. According to the...
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Repealing the SALT Cap Would be More Regressive than the TCJA
Read moreRecently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Watch: Committee President Maya MacGuineas Testifies on Taxation of Corporations and the Wealthy
Read moreOn March 25, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Senate Budget Committee on whether wealthy...
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Biden Campaign Plan Offers Menu of Offsets
Read moreWith Democratic majorities in the House and Senate, President Joe Biden has taken office with a real opportunity to advance new spending and tax...
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Debt Cancellation and SALT Cap Repeal Would Benefit Higher Earners
Read moreIn her recent Washington Post column, Catherine Rampell argues progressives should “be more progressive in an old-fashioned sense: by helping the poor...
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Four-Fifths of Stimulus Checks Have Been Sent
Read moreIn the first three days of distributing the second round of stimulus checks approved by Congress in the Response and Relief Act, the Treasury...
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Would $2,000 Stimulus Checks Go to Six-Figure Households?
Read moreThe House approved the CASH Act Monday to increase recently enacted stimulus checks from $600 to $2,000 per person. Some of those hesitant about the...
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How Much Would $2,000 Checks Cost?
Read moreWith the enactment of the Response & Relief Act yesterday, policymakers in both parties have called for expanding recovery rebates from $600 per...
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Omnibus Package Includes $135 Billion of Unrelated Tax Breaks
Read moreThe omnibus package includes government funding for the rest of fiscal year 2021 and significant COVID relief, but it also contains $135 billion over...
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End-of-Year Deadlines For Congress
Read moreMany economic relief provisions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other COVID-related bills expire at the end of...
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Opportunities for Bipartisanship in a Divided Government
Read moreIn 2021, the United States is likely to operate with divided or near-divided government. Democrats are slated to control the White House and the House...