Taxes
Latest
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Changing the Baseline Could Mean an Extra Trillion in Debt
Read moreRepublicans and Democrats do not agree on much, but both parties are talking about business tax reform that is "revenue-neutral," raising the same...
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Finding Consensus on Tax Reform
Read moreDespite partisan differences in Washington, there's actually considerable bipartisan consensus around many elements of tax reform. That's the...
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Lew Takes On Inversions
Read moreTreasury Secretary Jacob Lew proposed administrative rules this week that would limit the benefits of tax inversions, where companies move their...
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Deficit-Financed Tax Cuts May be Counterproductive
Read moreA new paper suggests that tax cuts that add to the deficit provide little boost to economic growth and may actually hinder it. Last week, the Tax...
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More Interesting Charts from CBO Director Elmendorf's Presentation
Read moreEarlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University highlighting the increased resources...
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House Jobs Plan Doesn't Work for the Deficit
Read moreHouse Republicans plan to vote this week on a jobs package combining bills that would "build a robust economy and foster job creation." While...
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Inverting the Rewards of Inversions
Read moreSenators Chuck Schumer (D-NY) and Dick Durbin (D-IL) have introduced legislation that would reduce the benefits to companies that choose to "invert,"...
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The $1.8 Trillion Drop in Revenue Projections
Read moreWith the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...
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Inversions Reduce Revenue, But Extenders Cost More
Read moreMany policymakers have expressed concern about "tax inversions," transactions where American companies move their headquarters overseas in order to...
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Reports Question Effectiveness of New Markets Tax Credit
Read moreBoth the Government Accountability Office (GAO) and Senator Tom Coburn's (R-OK) office have released new reports on a tax credit that rewards banks...
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How Much of a Payroll Tax Increase Would It Take to Fix Social Security?
Read moreAround this time of year, the Social Security Trustees usually issue their report on the status of the program over the next 75 years. In advance of...
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Don't Use a Gimmick to Fund Our Highways
Read moreThe House Ways and Means Committee just published its plan for a short-term fix to the Highway Trust Fund, which needs an additional $8 billion to...