Taxes
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Deficit-Financed Tax Cuts May be Counterproductive
Read moreA new paper suggests that tax cuts that add to the deficit provide little boost to economic growth and may actually hinder it. Last week, the Tax... -
Retirement Saving Takes Center Stage
Read moreRetirement saving policy took center stage Tuesday on Capitol Hill and in the policy world. The Senate Finance Committee held a hearing to discuss... -
More Interesting Charts from CBO Director Elmendorf's Presentation
Read moreEarlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University highlighting the increased resources... -
House Jobs Plan Doesn't Work for the Deficit
Read moreHouse Republicans plan to vote this week on a jobs package combining bills that would "build a robust economy and foster job creation." While... -
Inverting the Rewards of Inversions
Read moreSenators Chuck Schumer (D-NY) and Dick Durbin (D-IL) have introduced legislation that would reduce the benefits to companies that choose to "invert,"... -
CFED: Housing Tax Incentives are Upside Down
Read moreTax breaks for homeowners are one of the largest categories of tax breaks offered by the federal government. A new report by the Corporation for... -
The $1.8 Trillion Drop in Revenue Projections
Read moreWith the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it... -
Inversions Reduce Revenue, But Extenders Cost More
Read moreMany policymakers have expressed concern about "tax inversions," transactions where American companies move their headquarters overseas in order to... -
Reports Question Effectiveness of New Markets Tax Credit
Read moreBoth the Government Accountability Office (GAO) and Senator Tom Coburn's (R-OK) office have released new reports on a tax credit that rewards banks... -
JCT Identifies $1.2 Trillion in Tax Breaks This Year
Read moreAs lawmakers fight over whether to extend and expand expired tax breaks or create new ones, the Joint Committee on Taxation (JCT) this week updated... -
Without Budget Discipline, a Spending Spree Ensues
Read moreBudget rules require new policies to be paid for with savings elsewhere in the budget. Policymakers must balance the new policy against the choices...