Taxes
Latest
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New Interactive Tool: Build Your Own Tax Extensions
Read moreWith large parts of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire after 2025, policymakers will soon face important choices about the future of... -
IRA Energy Provisions Cost Could Double With New Emissions Rule
Read moreLast April, the Environmental Protection Agency (EPA) proposed a new rule for stricter vehicle emissions standards starting in model year (MY) 2027... -
Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake... -
How Much Would the Wyden-Smith Tax Deal Cost?
Read moreSenate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan... -
Congress Should Avoid Costly Tax Cut Holiday Season
Read moreAccording to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax... -
Year-End Tax Deal Could Cost Over $800 Billion if Made Permanent
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . According to press reports... -
Lawmakers Should Avoid Year-End Tax Cut Binge
Read moreAccording to press reports, lawmakers are considering a year-end tax package that would combine a temporary expansion of the Child Tax Credit with the... -
TCJA Expansions Could Balloon Cost of Extensions
Read moreExtending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035... -
CBO: Israel Supplemental Costs $27 billion
Read moreThe House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the... -
2023 Revenue Plunge Confirms 2022 Surge Was a Fluke
Read moreAfter surging to 19.3 percent of Gross Domestic Product (GDP) in Fiscal Year (FY) 2022, revenue in 2023 plummeted to 16.5 percent of GDP, according to... -
IRS Rescission Would Worsen Deficits
Read moreRescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years... -
Senate Budget Committee Holds Hearing on Raising Revenue to Save Social Security
Read moreOn July 12, the Senate Budget Committee held a hearing titled " Protecting Social Security for All: Making the Wealthy Pay Their Fair Share" to...