Taxes
Latest
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Bank Reporting Can Help Reduce the Tax Gap
The White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
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Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
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Reconciliation May Deliver a Tax Cut to the Rich
While much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the rich, the final legislation...
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What's in the Latest Build Back Better Framework?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. The White House has announced an...
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Could Reconciliation Deliver a Tax Cut to the Rich?
Note: This analysis was updated for new data and details on October 29, 2021. See the updated analysis here. While much of the discussion surrounding...
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SALT Cap Repeal Does Not Belong in Build Back Better
Press reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their Build...
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Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS
Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
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Event Recap: Tax Policy in the Build Back Better Act
On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
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Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Five Ways to Improve the FY 2022 Reconciliation Package
Congress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...
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SALT Cap Repeal Does Not Belong in Reconciliation
For Immediate Release Though the recent draft tax legislation proposed by the Ways and Means Committee is silent on the issue of the $10,000 state and...
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Better Targeting in Reconciliation
As lawmakers negotiate the details of their reconciliation package, they will need to scale back some of their ambitions to prevent arbitrary policy...