Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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May 15, 2020 | Blog Paper Press Release | Taxes

75% of Economic Impact Payments Have Been Paid So Far

The $1.7 trillion CARES Act included an estimated $293 billion for direct payments to individuals, officially deemed “Economic Impact Payments.”...
Apr 10, 2020 | Blog Paper Press Release | Taxes

Phase IV COVID Relief Shouldn’t Be Tax Cuts 2.0

In response to the unprecedented economic crisis caused by the coronavirus (COVID-19) pandemic, lawmakers have enacted three pieces of legislation...
Mar 31, 2020 | Blog Paper Press Release | Taxes

Weakening the SALT Cap Would Be a Wasteful Giveaway During a Crisis

With the economy reeling due to the coronavirus (COVID-19) pandemic, some Members of Congress are reportedly considering retroactively raising the $...
Mar 31, 2020 | Blog Paper Press Release | Taxes

Loosening the SALT Cap is Poorly Targeted

The third COVID-19 relief bill was signed on Friday, and lawmakers are now starting to propose ideas for the next round of stimulus. House Speaker...
Mar 11, 2020 | Blog Paper Press Release | Taxes

How Much Would Suspending the Payroll Tax Cost?

Policymakers are discussing several economic stimulus ideas in response to the coronavirus outbreak, including reports that yesterday President Trump...
Mar 3, 2020 | Blog Paper Press Release | Taxes

How Much Does a Payroll Tax Holiday Cost?

President Trump tweeted support for a one-year payroll tax cut Monday evening, saying: The Democrats in the House should propose a very simple one...

Pete Buttigieg's Climate Change Plan

Democratic presidential candidate and former South Bend, Indiana Mayor Pete Buttigieg has proposed a climate change plan with an end goal of getting...

Budget Deal Shows Bipartisan Failure of Leadership

For Immediate Release Later today, President Trump is expected to sign into law a $1.4 trillion spending package, appropriated through two bipartisan...

Appropriations Deal Will Cost $2.1 Trillion Over 20 Years

The appropriations deal's numerous deficit-increasing policies, most notably its permanent repeal of three Affordable Care Act (ACA) taxes, would...