Taxes
Latest
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CRFB Reaction to Senate Tax Bill
Read moreFor Immediate Release The Senate unveiled a revised tax reform bill Friday. The following is a statement from Maya MacGuineas, president of the...
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No Estimate Shows Tax Bills Would Pay For Themselves
Read moreThe Joint Committee on Taxation (JCT) released an official dynamic estimate of the Tax Cuts and Jobs Act (TCJA) yesterday as reported by the Senate...
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December Legislation Could Bring Back Trillion-Dollar Deficits
Read moreCongress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
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JCT Score Shows Tax Bill Would Cost $1 Trillion After Economic Growth
Read moreFor Immediate Release The Joint Committee on Taxation (JCT) released its dynamic score of the Senate Finance Committee-passed Tax Cuts and Jobs Act...
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Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
Read moreThe Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
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Five Ways to Improve the Senate Tax Bill
Read moreThe current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...
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The Senate Should Not Vote on Tax Reform Without a Dynamic Score
Read moreIn the coming weeks, the Senate is expected to vote on its version of the Tax Cuts and Jobs Act, which the Joint Committee on Taxation (JCT) has...
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Tax Policy Center Dynamically Scores House Tax Bill
Read moreThe Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
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Comparing the Latest House and Senate Tax Bills by Provision
Read moreIn broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
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Leon Panetta: Blowing Up the Debt is a Threat to America
Read moreAs the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
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Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
Read moreAs more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...