Taxes
Latest
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Cost of Ways & Means Tax Cuts Passes the Trillion Dollar Mark
Read moreThe Ways & Means Committee today marked up new and extended tax breaks costing more than $210 billion of lost revenue and increased outlays over the...
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Restoring Highway Solvency by Increasing Current Revenue
Read moreWithout a fix soon, the Highway Trust Fund (HTF) will run out of money this summer, slowing down infrastructure projects across the nation. Our recent...
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Murphy-Corker: A Responsible Solution for Highways and an Irresponsible One for Tax Extenders
Read moreSenators Chris Murphy (D-CT) and Bob Corker (R-TN) announced a proposal this week to close the Highway Trust Fund (HTF) shortfall by increasing the...
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House Keeps Increasing Deficits With Extenders
Read moreThe House passed today two bills permanently reinstating three tax provisions that expired at the end of 2013. Extending these provisions would cost...
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Repatriation Tax Holiday Doesn't Work As a Highway Trust Fund Offset
Read moreWith the Highway Trust Fund (HTF) running low and the threat of disrupting highway construction later this summer, lawmakers are scrambling to come up...
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Should Congress Extend Bonus Depreciation?
Read moreThe Ways and Means Committee voted on a number of tax bills last week, including legislation that would restore and expand bonus depreciation at a...
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Ways and Means Continues Increasing Deficit With Tax Cuts
Read moreThe Ways and Means Committee is continuing to work through the set of over 50 tax breaks that expired at the end of 2013, choosing certain provisions...
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Options for Reforming the Mortgage Interest Deduction
Read moreThe mortgage interest deduction has long been targeted as a tax expenditure by advocates of tax reform. In a new paper, the Tax Policy Center's Amanda...
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Senate Moves Forward on Increasing Deficit with Tax Extenders
Read moreThe Senate is moving forward with tax extenders legislation, renewing a variety of breaks that expired at the end of last year for research, small...
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Social Security's Worsening Financial Picture Since 2011
Read moreWe have already shown how both federal health care spending and revenue projections have been revised downward by $900 billion and $4.2 trillion...