Taxes
Latest
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Closing the Stepped-Up Basis Loophole
Read moreReconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax breaks...
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Keeping Offsets on the Table
Read moreAs lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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CBO Estimates $120 Billion from IRS Funding Boost
Read moreToday, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
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Comparing the Permanent Costs of Build Back Better and the TCJA
Read moreThe bipartisan Infrastructure Investment and Jobs Act and the forthcoming budget reconciliation bill – together making up the core of the "Build Back...
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Chartbook: Reducing the Tax Gap
Read moreOne of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap.” The tax gap is the...
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There is No Such Thing as Progressive SALT Cap Relief
Read moreAccording to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (SALT...
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Republican and Democratic Presidents Support Reducing the Tax Gap
Read moreOne of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference between...
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Group of Senators Introduce Bill to Narrow the Tax Gap
Read moreLast month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
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Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax
Read morePresident Biden deserves credit for his actions to date on climate change.
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Repealing the SALT Cap Would be More Regressive than the TCJA
Read moreRecently, a number of Members of Congress have called for repealing the current $10,000 cap on the state and local tax (SALT) deduction. Many off...
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Maya MacGuineas on CNN Discussing the Corporate Tax Rate
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas appeared on CNN's "New Day" to discuss raising the corporate tax rate to help pay...
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Maya MacGuineas: There's a blatantly obvious way for the US to fight climate change and pay for new infrastructure
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...