Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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Could Reconciliation 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...
Oct 25, 2021 | Blog Paper Press Release | Taxes

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...
Oct 15, 2021 | Blog Paper Press Release | Taxes

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...
Oct 5, 2021 | Blog Paper Press Release | Taxes

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...
Sep 22, 2021 | Blog Paper Press Release | Taxes

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...
Sep 15, 2021 | Blog Paper Press Release | Taxes

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...

Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes

UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The...
Sep 10, 2021 | Blog Paper Press Release | Taxes

SALT Cap Repeal Would Be a Costly Mistake

Recent reports indicate Congress may repeal the $10,000 cap on the State and Local Tax (SALT) deduction in its $3.5 trillion reconciliation bill,...
Sep 9, 2021 | Blog Paper Press Release | Taxes

Closing the Stepped-Up Basis Loophole

Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax breaks...