Taxes
Latest
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House Passes Historic Debt Increase
Read moreFor Immediate Release The House of Representatives passed a tax cut package today that will add $1.5 trillion or more to the national debt. The...
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Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security
Read moreAn open letter to Congressional leaders from Leon Panetta, Ash Carter and Chuck Hagel.
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New Senate Tax Bill Cuts Less Than $3.7 Trillion of Tax Breaks
Read moreOne of the main goals for tax reform has been to follow the mantra of "broaden the base, lower rates." Yet despite over $18 trillion of tax...
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Modified Chairman's Mark Makes a Bad Bill Worse
Read moreFor Immediate Release Late Tuesday night GOP leaders unveiled a modified Chairman’s Mark of the Senate tax reform bill, which included significant...
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New Senate Tax Bill Hides Over $500 Billion of Gimmicks
Read moreNOTE: This is an old version of this analysis based on a version of the bill considered by the Senate Finance Committee. The bill was later modified...
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Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion
Read moreOn Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
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Senate Tax Bill Could Add $1.8 Trillion to Debt
Read moreThe Senate version of the Tax Cuts and Jobs Act (TCJA) is estimated to increase deficits by $1.5 trillion over ten years. However, even this cost does...
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Both House and Senate Tax Bills Carry Substantial Costs
Read moreAccording to the Joint Committee on Taxation (JCT), the Senate version of the Tax Cuts and Jobs Act (TCJA) will add $1.5 trillion to the debt before...
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Senate Tax Plan Has Too Little Reform and Too Much Debt
Read moreFor Immediate Release Senate GOP leaders yesterday unveiled their version of tax reform, which resembles the House’s bill but also differs in several...
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The Good, the Bad, and the Ugly of the Senate Tax Bill
Read moreSenate Finance Committee Chairman Orrin Hatch (R-UT) has released his Chairman's Mark of the Tax Cuts and Jobs Act, a Senate version of the House's...
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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Chartbook: Dynamic Scoring and Tax Reform
Read moreThis presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (not...