Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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Jan 20, 2022 | Blog Paper Press Release | Taxes

Policymakers Shouldn't Weaken Build Back Better Surtax

To help finance new spending and tax breaks, the House-passed Build Back Better Act (and the Senate Finance Committee’s version ) includes a high-...
Jan 6, 2022 | Blog Paper Press Release | Taxes

Addressing Tax Expenditures Could Raise Substantial Revenue

While the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets that will be...
Jan 6, 2022 | Blog Paper Press Release | Taxes

Build Your Own Child Tax Credit 2.0

As lawmakers continue to debate if and how to address the recently-expired Child Tax Credit (CTC) expansion from the American Rescue Plan, our newly...
Dec 21, 2021 | Blog Paper Press Release | Taxes

Build Your Own Child Tax Credit

As the year comes to a close, lawmakers continue to discuss if and how to extend the American Rescue Plan's one-year Child Tax Credit (CTC) expansion...
Dec 13, 2021 | Blog Paper Press Release | Taxes

New SALT Proposals Would Improve House Bill

So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
Dec 11, 2021 | Blog Paper Press Release | Taxes

SALT Repeal Just Below $1 Million is Still Costly and Regressive

To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction...
Dec 10, 2021 | Blog Paper Press Release | Taxes

Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief

Last month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
Dec 2, 2021 | Blog Paper Press Release | Taxes

"Revenue Neutral" SALT Cap Relief is Costly and Regressive

Several senators are apparently pursuing " revenue neutral " state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
Nov 19, 2021 | Blog Paper Press Release | Taxes

SALT Cap Repeal Below $500k Still Costly and Regressive

According to press reports , the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $500,...