Latest
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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Chartbook: Dynamic Scoring and Tax Reform
Read moreThis presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (not...
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The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
Read moreWhile the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
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House Tax Plan May Add Over $2 Trillion to the Debt
Read moreNote: This blog has been updated from its original posting to account for the new JCT score and a new estimate for the cost of extending the family...
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A Step Backwards for Fiscal Responsibility
Read moreFor Immediate Release Today, the House Ways and Means Committee unveiled the Chairman’s Mark of the “Tax Cuts and Jobs Act.” The following is a...
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Tax Cuts and Jobs Act Will Cost $1.5 Trillion
Read moreAccording to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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The Good, the Bad, and the Ugly of the House Tax Bill
Read moreHouse Ways and Means Committee Chairman Kevin Brady (R-TX) has released the Tax Cuts and Jobs Act, the first version of tax reform to be put into...
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Five Gimmicks That May Hide the True Costs of Tax Reform
Read moreThe budget resolution recently passed by Congress sets the stage for fast-track tax reform legislation (a process known as reconciliation) that could...
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House Releases Responsible Health Package
Read moreAt a time when fiscal restraints are being disregarded, a House bill released yesterday would responsibly pay for extensions of the Children's Health...
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The Mortgage Interest Deduction Should Be on the Table
Read moreAs efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
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FY 2018 Budget Resolution Resources
Read moreThis blog has been updated to reflect new publications as of 10/27/17. Consideration of the congressional budget resolution has drawn to a close on...
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Temporary Expensing is a Budget Gimmick and a Bad Idea
Read moreOne provision included in the $2.2 trillion " Unified Tax Framework" would allow companies to fully deduct or "expense" capital purchases other than...