Taxes
Latest
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Reducing Drug Prices and the Tax Gap
As lawmakers negotiate a possible reconciliation bill, they should look to offsets from the House-passed Build Back Better Act (BBB) to help fund new...
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CBO Estimates TCJA Extensions Could Cost Up to $2.7 Trillion
The Congressional Budget Office's (CBO) latest baseline spells out what the federal budget will look like under current law, but also estimates the...
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Senate Retirement Bill Would Cost $84 Billion Without Gimmicks
The Senate Finance Committee recently advanced the Enhancing American Retirement Now (EARN) Act, a bill designed to encourage private retirement...
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Presentation: Can Carbon Taxes Fund Climate Investments?
On June 13, 2022, Marc Goldwein of the Committee for a Responsible Federal Budget gave a presentation to attendees of the 2022 Citizens’ Climate Lobby...
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Event Recap: Fiscal Solutions to Climate Change
On May 17, the Committee for a Responsible Federal Budget hosted an event on the "Fiscal Solutions to Climate Change." The virtual event featured a...
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Can a Carbon Tax Fund Climate Investments?
Though the Senate will not consider the House-passed Build Back Better Act (BBB), there has been some discussion of reviving the legislation’s climate...
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Deficit Reduction Through Reconciliation Would Be Great News
Policymakers are apparently considering developing a new reconciliation package that would focus in part on deficit reduction. The following is a...
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Tax Experts Urge Congress To Fix IRS Backlog And Reduce The Tax Gap
Today, a diverse group of former tax officials and policy experts sent a letter to the leadership of the Appropriations Committees urging them to...
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Maya MacGuineas: Say no to a gas tax holiday
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Gas Tax Holiday Would Take A Wrong Turn
The White House and some in Congress are reportedly considering suspending the 18.3 cent federal gas tax for the remainder of 2022. The Committee for...
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Gas Tax Holiday Would Cost $20 Billion
This week, a group of senators introduced legislation to suspend the federal gas tax through December 2022 amid rising inflation. We estimate the...
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Policymakers Shouldn't Weaken Build Back Better Surtax
To help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version) includes a high...