Committee for a Responsible Federal Budget

Taxes

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Nov 20, 2017 | Blog Paper Press Release | Taxes

Tax Policy Center Dynamically Scores House Tax Bill

The Tax Policy Center today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts don't...
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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

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...
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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

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...
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Nov 15, 2017 | Blog Paper Press Release | Taxes

New Senate Tax Bill Hides Over $500 Billion of Gimmicks

The new Senate Finance Chairman's mark of the Tax Cuts and Jobs Act (TCJA) would cost $1.41 trillion and significantly worsen our already...
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Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion

On Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
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Nov 10, 2017 | Blog Paper Press Release | Taxes

The Good, the Bad, and the Ugly of the Senate Tax Bill

Senate Finance Committee Chairman Orrin Hatch (R-UT) has released his Chairman's Mark of the Tax Cuts and Jobs Act, a Senate version of the House's...
Taxes_1040 Form
Nov 10, 2017 | Blog Paper Press Release | Taxes

Both House and Senate Tax Bills Carry Substantial Costs

According to the Joint Committee on Taxation (JCT), the Senate version of the Tax Cuts and Jobs Act (TCJA) will add $1.5 trillion to the debt before...
Taxes_IRS
Nov 10, 2017 | Blog Paper Press Release | Taxes

Senate Tax Plan Has Too Little Reform and Too Much Debt

For Immediate Release Senate GOP leaders yesterday unveiled their version of tax reform, which resembles the House’s bill but also differs in...

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