Taxes
Latest
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Washington Post Defends the Cadillac Tax
Read moreThe Washington Post published an editorial Sunday defending the “Cadillac tax,” a part of the Affordable Care Act, in the face of a legislative effort...
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Most of Deficit's Decline Because Tax Breaks Aren't Included
Read moreMuch of the press coverage of the updated projections issued by the Congressional Budget Office last week focused on the fact that the deficit would...
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A Preview of the Potentially High-Stakes Fall
Read moreLawmakers have dealt with several Fiscal Speed Bumps – budgetary deadlines – throughout the year, but quite a few will appear over the next few months...
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The Gathering Storm: Fiscal Clouds Amass This Fall
Read moreIn early 2015, the Committee for a Responsible Federal Budget (CRFB) warned of the upcoming Fiscal Speed Bumps, explaining “lawmakers will face a...
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Carper's Highway Plan Responsibly Fixes Trust Fund But With a Catch
Read moreThe three-month highway law that passed last month was intended to buy time for a more lasting solution for the Highway Trust Fund's finances, so it...
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Could the FairTax Get Rid of the IRS?
Read moreWhen discussing how he would reduce the size of government, Gov. Huckabee stated that he’s “still the one who says that we can get rid of the Internal...
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Can We Dramatically Lower Tax Rates by Closing a Few Egregious Loopholes?
Read moreCandidates who propose tax reform plans that are revenue-neutral may suggest that the cost of tax rate reductions can be offset by closing egregious...
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Can We Fix the Debt Solely by Taxing the Top 1 Percent?
Read moreA popular suggestion is that raising taxes only on high earners (for example, the top one percent – households that make above roughly $435,000...
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Do Tax Cuts Pay For Themselves?
Read moreSome advocates of tax cuts have suggested such cuts will not lose revenue since they will spur economic growth and thus produce enough additional tax...
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Fiscal FactCheck: 16 Budget Myths to Watch Out For in the 2016 Campaign
Read moreUpdate: The original version of this paper had a mathematical typo, saying that Medicare beneficiaries get, on average, 350% more out of the program...
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JCT Confirms: Dynamic Scoring Doesn't Make Extenders Look Much Better
Read moreLawmakers have so far been reluctant to pay for the group of temporary tax cuts known as the " tax extenders," instead generally just adding the cost...
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Will Tax Increases Cripple Economic Growth?
Read moreOne common argument against increasing tax revenue is that it requires raising marginal tax rates, which could severely damage economic growth by...