Taxes
Latest
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Senate Tax Bill Could Ultimately Cost Up to $2 Trillion
Read moreThe final Senate version of the Tax Cuts and Jobs Act (TCJA) would cost $1.45 trillion under conventional scoring and over $1 trillion on a dynamic...
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CRFB Reaction to Senate Tax Bill
Read moreFor Immediate Release The Senate unveiled a revised tax reform bill Friday. The following is a statement from Maya MacGuineas, president of the...
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No Estimate Shows Tax Bills Would Pay For Themselves
Read moreThe Joint Committee on Taxation (JCT) released an official dynamic estimate of the Tax Cuts and Jobs Act (TCJA) yesterday as reported by the Senate...
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Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
Read moreThe Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
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Five Ways to Improve the Senate Tax Bill
Read moreThe current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
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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...