Taxes
Latest
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Understanding Joe Biden's 2020 Tax Plan
Read moreFormer Vice President Joe Biden – the presumptive Democratic nominee for President in the 2020 election – has put forward a variety of tax proposals...
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75% of Economic Impact Payments Have Been Paid So Far
Read moreThe $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments.” These...
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Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0
Read moreFor Immediate Release In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three...
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Loosening the SALT Cap is Poorly Targeted
Read moreThe third COVID-19 relief bill was signed on Friday, and lawmakers are now starting to propose ideas for the next round of stimulus. House Speaker...
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Weakening the SALT Cap Would Be a Wasteful Giveaway During a Crisis
Read moreFor Immediate Release With the economy reeling due to the coronavirus (COVID-19) pandemic, some Members of Congress are reportedly considering...
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How Much Would Suspending the Payroll Tax Cost?
Read morePolicymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
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How Much Does a Payroll Tax Holiday Cost?
Read morePresident Trump tweeted support for a one-year payroll tax cut Monday evening, saying: The Democrats in the House should propose a very simple one...
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Pete Buttigieg's Climate Change Plan
Read moreDemocratic presidential candidate and former South Bend, Indiana Mayor Pete Buttigieg has proposed a climate change plan with an end goal of getting...
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Budget Deal Shows Bipartisan Failure of Leadership
Read moreFor Immediate Release Later today, President Trump is expected to sign into law a $1.4 trillion spending package, appropriated through two bipartisan...
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Appropriations Deal Will Cost $2.1 Trillion Over 20 Years
Read moreThe appropriations deal's numerous deficit-increasing policies, most notably its permanent repeal of three Affordable Care Act (ACA) taxes, would cost...
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Let Zombie Tax Extenders Remain Dead
Read moreFor Immediate Release Last night, the House Rules Committee added a set of tax cuts to the year-end appropriations package, reviving almost three...
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Spending Package Could Add $500 Billion to Debt
Read moreUpdate 12/17/19: CBO and JCT have now estimated the year-end spending package after a late-night addition by the House Rules Committee. The bill now...