Taxes
Latest
-
Event Recap: Tax Policy in the Build Back Better Act
Read moreOn September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
-
Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe
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...
-
Five Ways to Improve the FY 2022 Reconciliation Package
Read moreCongress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...
-
SALT Cap Repeal Does Not Belong in Reconciliation
Read moreFor Immediate Release Though the recent draft tax legislation proposed by the Ways and Means Committee is silent on the issue of the $10,000 state and...
-
Better Targeting in Reconciliation
Read moreAs lawmakers negotiate the details of their reconciliation package, they will need to scale back some of their ambitions to prevent arbitrary policy...
-
Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes
Read moreUPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The table...
-
SALT Cap Repeal Would Be a Costly Mistake
Read moreRecent reports indicate Congress may repeal the $10,000 cap on the State and Local Tax (SALT) deduction in its $3.5 trillion reconciliation bill, with...
-
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...
-
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...
-
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...
-
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...
-
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...