Taxes
Latest
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...
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Tax Policy Center Dynamically Scores House Tax Bill
Read moreThe Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
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Comparing the Latest House and Senate Tax Bills by Provision
Read moreIn broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
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Leon Panetta: Blowing Up the Debt is a Threat to America
Read moreAs the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
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Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
Read moreAs more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...
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Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security
Read moreAn open letter to Congressional leaders from Leon Panetta, Ash Carter and Chuck Hagel.
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New Senate Tax Bill Hides Over $500 Billion of Gimmicks
Read moreNOTE: This is an old version of this analysis based on a version of the bill considered by the Senate Finance Committee. The bill was later modified...
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Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion
Read moreOn Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
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Both House and Senate Tax Bills Carry Substantial Costs
Read moreAccording to the Joint Committee on Taxation (JCT), the Senate version of the Tax Cuts and Jobs Act (TCJA) will add $1.5 trillion to the debt before...
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Senate Tax Plan Has Too Little Reform and Too Much Debt
Read moreFor Immediate Release Senate GOP leaders yesterday unveiled their version of tax reform, which resembles the House’s bill but also differs in several...
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The Good, the Bad, and the Ugly of the Senate Tax Bill
Read moreSenate Finance Committee Chairman Orrin Hatch (R-UT) has released his Chairman's Mark of the Tax Cuts and Jobs Act, a Senate version of the House's...
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...