Taxes

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House Should Reject Another Deficit-Financed Tax Cut

For Immediate Release The House of Representatives is scheduled to vote on a permanent repeal of the "Cadillac tax" on high cost health insurance...
Jul 10, 2019 | Blog Paper Press Release | Taxes

Are There $1.6 Trillion in Tax Loopholes?

Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Jun 27, 2019 | Blog Paper Press Release | Taxes

Would a 10% VAT Pay for a $1,000 per Month UBI?

During the first 2020 Democratic presidential primary debate, candidate Andrew Yang claimed that his Universal Basic Income (UBI) proposal of $1,000...
Jun 25, 2019 | Blog Paper Press Release | Taxes

Repealing SALT Caps Would Cost Another $500 Billion

The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Jun 20, 2019 | Blog Paper Press Release | Taxes

Tax Extender Package Could Lead to $710 Billion of More Debt

Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
Jun 19, 2019 | Blog Paper Press Release | Taxes

Tax Extenders Package Could Add Half a Trillion Dollars to the Debt

The House Ways and Means Committee is scheduled to mark up legislation to revive special interest tax breaks known as “tax extenders” this week...
May 8, 2019 | Blog Paper Press Release | Taxes

Reviving Expired Tax Extenders Could Cost $150 Billion

For years, Washington has resigned itself to a patchwork of tax policy in place for one or two years at a time, allowing niche temporary...
May 6, 2019 | Blog Paper Press Release | Taxes

Joint Letter: Don't Revive the Expired Tax Extenders

Below is a joint letter sent today to Congressional leadership and the heads of the taxwriting committees urging them against reviving the...
Apr 16, 2019 | Blog Paper Press Release | Taxes

Maya MacGuineas & Ed Rendell: Tax Day Trauma: Paying for Our Massive National Debt

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. Governor Ed Rendell is the...