Taxes
Latest
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Reconciliation Criticisms Are Off Base
Read moreAs possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
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Surging Inflation Highlights Need for Deficit Reduction, Not Tax Cuts
Read moreCPI inflation set another forty-year record today, rising by 1.3 percent this month and 9.1 percent over the past year. CPI has already risen more...
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Reconciliation Could Improve Medicare Solvency
Read moreAccording to press reports, policymakers are considering broadening the base of the 3.8 percent Net Investment Income Tax (NIIT) or self-employment...
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Reducing Drug Prices and the Tax Gap
Read moreAs 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
Read moreThe 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
Read moreThe 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?
Read moreOn 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
Read moreOn 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?
Read moreThough 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
Read morePolicymakers 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
Read moreToday, 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
Read moreMaya 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...