Taxes
Latest
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Dueling Editorials
Read moreStart with a basic question: Do you think politicians are better at cutting taxes and increasing spending, or the reverse? The answer should help you...
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Oil in the Gulf Isn’t the Only Threat That Needs to Be Capped
Read moreLawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...
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‘Line’ Items: Pitching, Polls, and the New Charity of Choice
Read moreMaking the Pitch – With much of Washington eagerly anticipating the debut of Stephen Strasburg on the mound tomorrow, the return of Congress this week...
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Follow the Yellow Brick Road
Read moreWe at CRFB believe in the Wizard of Oz theory of deficit reduction. Passing the right package of spending cuts and tax increases requires a brain – so...
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House Passes Extensions, But Senate Will Wait Until After Recess
Read moreThe House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote. In a...
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Up-Hill Drive for Spending Bills, But No Gas in the Tank for Paying for Them
Read moreTwo massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers...
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Spending Cuts Make Good Offsets Too
Read moreThe extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset. Emergency...
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Estimates of the Wyden-Gregg Tax Reform Bill
Read moreA few months back, we discussed a comprehensive proposal by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), the Bipartisan Tax Fairness and...
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Safety Net and Tax Extender Proposals Are Still Not Paid For
Read moreCBO and JCT have released updated cost estimates of the most recent version of the American Jobs and Closing Tax Loopholes Act (H.R. 4213), a bill...
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Papa's Got A Brand New Bill
Read moreOver the past few weeks, passage of an "extenders" bill has become the top priority of Congress. The bill, HR 4213, finally seems to have a definitive...
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‘Line’ Items: Deeming, Dreaming, Votes and Quotes
Read moreLittle Resolve for Budget Resolution – Leaders in the House have yet to make a final decision on moving forward with a FY2011 budget resolution. But...
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Bills Bills Bills: Extenders and Supplementals
Read moreNext week, House Democrats intend to introduce a package of aid to states, extended unemployement benefits, and tax break extensions. This "must-pass"...