Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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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...
Sep 2, 2021 | Blog Paper Press Release | Taxes

CBO Estimates $120 Billion from IRS Funding Boost

Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
Jul 14, 2021 | Blog Paper Press Release | Taxes

Chartbook: Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap .” The tax gap is the...
Jul 7, 2021 | Blog Paper Press Release | Taxes

There is No Such Thing as Progressive SALT Cap Relief

According to media reports , Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (...
Jul 6, 2021 | Blog Paper Press Release | Taxes

Republican and Democratic Presidents Support Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference between...
Jun 30, 2021 | Blog Paper Press Release | Taxes

Group of Senators Introduce Bill to Narrow the Tax Gap

Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
Jun 17, 2021 | Blog Paper Press Release | Taxes

Primer: Understanding the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
May 11, 2021 | Blog Paper Press Release | Taxes

Erskine Bowles and Henry Paulson: Biden should embrace a carbon tax

Erskine Bowles served as Chief of Staff to President Bill Clinton from 1997 to 1998 and is a member of the Committee for a Responsible Federal Budget...