Taxes
Latest
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Tax Cuts and Jobs Act Will Cost $1.5 Trillion
Read moreAccording to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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The Good, the Bad, and the Ugly of the House Tax Bill
Read moreHouse Ways and Means Committee Chairman Kevin Brady (R-TX) has released the Tax Cuts and Jobs Act, the first version of tax reform to be put into...
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Five Gimmicks That May Hide the True Costs of Tax Reform
Read moreThe budget resolution recently passed by Congress sets the stage for fast-track tax reform legislation (a process known as reconciliation) that could...
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The Mortgage Interest Deduction Should Be on the Table
Read moreAs efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
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Temporary Expensing is a Budget Gimmick and a Bad Idea
Read moreOne provision included in the $2.2 trillion " Unified Tax Framework" would allow companies to fully deduct or "expense" capital purchases other than...
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Is President Trump's Tax Cut the Largest in History Yet?
Read morePresident Trump has often stated that his proposed tax cut will be the largest in history. We previously found his $5.5 trillion framework in April...
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Event Recap: Paying for Tax Reform
Read moreOn October 4, the Committee for a Responsible Federal Budget (CRFB) hosted an event on Capitol Hill on the need to pay for tax reform. The event...
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Maya MacGuineas: Trump Tax Cuts Could Cost Your Kids Dearly
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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Options to Help Pay for the Big Six Tax Reform Framework
Read moreThe unified framework for tax reform released by the White House and GOP Congressional leaders includes several provisions that could result in about...
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The State and Local Tax Deduction Should Be on the Table
Read moreAs tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...
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Does the State & Local Tax Deduction Mostly Help High-Income Households?
Read moreAt a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
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A Tale of Two Budgets
Read moreFor Immediate Release This week, the House is voting on a Fiscal Year 2018 budget while at the same time the Senate is debating its own version – and...