Taxes
Latest
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How Much Would the Wyden-Smith Tax Deal Cost?
Read moreSenate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan...
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CRFB Reacts to Wyden-Smith Tax Cut Deal
Read moreToday, Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) announced a potential tax cut...
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GAO Recommends Actions to Reduce Tax Gap
Read moreThe Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
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Potential Tax Deal Could Cost $830 Billion
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
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Congress Should Avoid Costly Tax Cut Holiday Season
Read moreAccording to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax...
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Five Revenue-Raising Loophole Closures Policymakers Should Consider
Read moreGeorge Callas of Arnold Ventures, who previously served as a senior tax counsel in the U.S. House of Representatives – both for the Ways and Means...
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Year-End Tax Deal Could Cost Over $800 Billion if Made Permanent
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . According to press reports...
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Lawmakers Should Avoid Year-End Tax Cut Binge
Read moreAccording to press reports, lawmakers are considering a year-end tax package that would combine a temporary expansion of the Child Tax Credit with the...
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TCJA Expansions Could Balloon Cost of Extensions
Read moreExtending various income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) expiring after 2025 would cost $3.4 trillion through 2035...
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CBO: Israel Supplemental Costs $27 billion
Read moreThe House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
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Moore v. US Ruling Could Widen Deficits, Upend Tax Law
Read moreA pending Supreme Court case, Moore v. United States, could have implications that undermine existing tax law, upend the tax code, and cost the U.S...
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2023 Revenue Plunge Confirms 2022 Surge Was a Fluke
Read moreAfter surging to 19.3 percent of Gross Domestic Product (GDP) in Fiscal Year (FY) 2022, revenue in 2023 plummeted to 16.5 percent of GDP, according to...