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December 11, 2017

The sobering findings of the Department of Housing and Urban Development’s (HUD) latest annual count of homeless people — that homelessness remains a persistent problem and some communities are losing ground — show that federal policymakers have much to do to help address this serious problem.

The...

Man With His Hands Together
December 11, 2017

Republican House members from California are reportedly pushing to change a provision in the emerging GOP tax bill that eliminates much of the state and local tax (SALT) deduction, which lets taxpayers deduct state and local property taxes and either state and local income taxes or general sales taxes. But the...

money on scales
December 8, 2017

This week at CBPP, we focused on the federal budget and taxes, and the economy.

On the federal budget and taxes, Jacob Leibenluft counted Republicans’ broken promises on the tax bill, and he...
JCT and CBO: Senate Tax Bill Cuts Spending, Raises Taxes for Lower-Income Households to Help Pay for Tax Cuts
December 8, 2017

The House- and Senate-passed Republican tax bills would directly hurt millions of low- and middle-income families by raising their taxes, delivering token or no Child Tax Credit increases, and (in the Senate’s case) leaving millions more uninsured. But that may be just the start of the harm. Paying for their $1.5 trillion in tax cuts that go overwhelmingly to the wealthy and profitable...

Bottom Three-Fifths of Households Would Lose Under Senate Tax Bill, Once Fully Financed
December 8, 2017

The House- and Senate-passed tax bills, from which a House-Senate conference committee will fashion a final bill, violate a number of promises from President Trump and other Republican leaders about taxes and health coverage. Here are seven of their broken promises.

Broken Promise #1: “[N]obody in the middle class is going to get a tax increase.” – ...

Under Senate Tax Bill, Millions of Households Making Less Than $200,000 Would Be Taxed More or Left Out
December 8, 2017

Policymakers should raise the appropriations caps for 2018 and beyond to keep them from holding funding well below what’s needed to address important priorities. But policymakers must also ensure that any provisions to offset the cost of cap increases don’t cause harm — for example, by reducing health coverage or worsening poverty and hardship — and that the additional funding is...

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December 8, 2017

Health insurers continue to lobby for repealing or suspending the fee on health insurance providers — also known as the health insurance tax, enacted to help pay for health reform — before the end of the year. Policymakers suspended the tax for 2017, but the industry is pushing to...

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December 7, 2017

Giving the heirs of the nation’s wealthiest estates the largest possible estate tax cut would be a strikingly poor choice. 

Tax forms
December 6, 2017

During debate on the Senate tax bill, Senators Marco Rubio and Mike Lee offered an amendment to improve the bill’s Child Tax Credit (CTC) for millions of low-income working families, paid for by cutting the corporate tax rate — currently 35 percent — to 20.9 percent rather than 20 percent....

Mother and Child Outside
December 6, 2017

The House- and Senate-passed Republican tax bills each impose a 1.4 percent excise tax on the income from endowments of some private colleges and universities. The idea appears to stem from a larger proposal, as explained below, to boost educational opportunities for low- and moderate-income students. Congressional Republicans, however, are using the tax to help pay for tax cuts that mainly...

College graduates

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