Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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Nov 29, 2017 | Blog Paper Press Release | Taxes

Five Ways to Improve the Senate Tax Bill

The current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...

Can Tax Reform Generate 0.4% Additional Growth?

Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth,...
Nov 21, 2017 | Blog Paper Press Release | Taxes

The Senate Should Not Vote on Tax Reform Without a Dynamic Score

In the coming weeks, the Senate is expected to vote on its version of the Tax Cuts and Jobs Act, which the Joint Committee on Taxation (JCT) has...
Nov 20, 2017 | Blog Paper Press Release | Taxes

Tax Policy Center Dynamically Scores House Tax Bill

The Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
Nov 17, 2017 | Blog Paper Press Release | Taxes

Comparing the Latest House and Senate Tax Bills by Provision

In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...

Leon Panetta: Blowing Up the Debt is a Threat to America

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote an opinion piece for USA Today. It...

Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt

As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both...

Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote a letter to Congressional leaders...
Nov 16, 2017 | Blog Paper Press Release | Taxes

House Passes Historic Debt Increase

For Immediate Release The House of Representatives passed a tax cut package today that will add $1.5 trillion or more to the national debt. The...