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POLICY INSIGHT
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November 22, 2019

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

On the federal budget and taxes, Paul N. Van de Water and Richard Kogan detailed why a proposal from Senator Rob Portman for automatic...
Pass-Throughs Make Up Largest Portion of Tax Gap
November 22, 2019

High-income taxpayers drive much of the “tax gap” — the gap between what taxpayers owe and what they voluntarily pay on time — finds a new paper from Professor Natasha Sarin and former Treasury Secretary Lawrence Summers, citing new...

Pass-Throughs Make Up Largest Portion of Tax Gap
November 22, 2019

Now that the Trump Administration has made public the more than 50,000 comments on its proposal to lower the federal poverty line...

Homeless family
November 18, 2019

Companion bills from Senate Finance Committee Ranking Member Ron Wyden and House Majority Whip James Clyburn would impose significant, and welcome, new guardrails on investments in “opportunity zones,” or low-income areas designated for special tax breaks.

Created by the 2017 tax law, the opportunity zone (OZ) provision lets investors defer taxes on capital gains (profits from the sale...

Pile of $100 bills
November 18, 2019

Update, November 21: We updated this post to reflect CMS’ release of improper payment rates.

The Centers for Medicare & Medicaid Services (CMS) recently released the 2019 Estimated Payment Error Rate Measurement (PERM) rate,...

Doctor with patient
November 15, 2019

This week at CBPP, we focused on the federal budget and taxes, health, immigration, state budgets and taxes, and food assistance.

On the federal budget and taxes, Chuck Marr, Samantha Jacoby, and Kathleen Bryant explained how a

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November 14, 2019

We’ve updated this post to reflect that Georgia’s Medicaid 1115 waiver would apply to residents with incomes at or below the poverty line.

Under two recent state proposals to waive federal Medicaid and Affordable Care Act rules, Georgia would spend at least as much to extend coverage to about 400,000 fewer people than if it adopted the ACA’s Medicaid expansion. And one waiver...

Stethoscope on money
November 13, 2019

As Massachusetts lawmakers seek to raise revenue to make needed investments in roads, bridges, and public transit, they should abandon plans that rely solely on regressive gas tax and user fee increases in favor of those that also ensure that corporations pay their...

Overpasses in city
November 13, 2019

High-income, and especially high-wealth, tax filers enjoy many generous tax benefits that can dramatically lower their tax bills, our new report explains. Eliminating or limiting these preferences would make the tax code more progressive and help offset income...

Very Wealthy People Can Avoid Paying Annual Income Tax on Much of their Income
November 13, 2019

Policymakers who seek to raise more revenue from the nation’s wealthiest individuals could, for instance, strengthen the estate tax, raise the top personal income tax rate, end preferential treatment of capital gains and dividends, or impose new taxes on very wealthy households, our...

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