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House Republicans Pushing Misguided Tax Policy

September 16, 2015

The House Ways and Means Committee will vote tomorrow on reinstating and permanently extending five tax breaks that expired at the end of 2014 — four “tax extenders” (tax breaks, mostly for businesses, that policymakers routinely extend for a year or two at a time) and “bonus depreciation,” which lets businesses take bigger upfront deductions for certain new purchases, such as equipment.  The...

Form 1040 And Refund Check

Allowing IRS to Certify Tax Preparers Will Help Reduce Errors

September 15, 2015

The Senate Finance Committee will consider bipartisan legislation tomorrow that would give the IRS the authority to require all paid tax preparers to demonstrate basic competence.  Congress should pass this legislation and the President should sign it into law.

While some paid preparers (such as attorneys and certified public accountants) are subject to Treasury Department regulation...

1040 Form

A Labor Day Priority to Support Low-Wage Workers

August 27, 2015

With Labor Day approaching, here’s one way the President and Congress can show their support for the millions of Americans working for relatively low wages:  save key provisions of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) scheduled to expire at the end of 2017.  The expected push this fall to permanently extend several corporate tax breaks shouldn’t take precedence over...

In Focus: Many Low-Wage Workers Face Cut in Tax Credits

Private Debt Collectors a Misguided Approach for IRS

July 24, 2015

The highway bill before the Senate would require the IRS to outsource part of its tax enforcement to private debt collectors. This policy has failed before -- when it actually lost money for the government, according to the IRS -- and remains misguided.

In Focus: Senate Bill Would Cut IRS Funding Further

Americans Take Pride in Paying Taxes

April 17, 2015

Forget the conventional wisdom.  Americans overwhelmingly take pride in paying their taxes, recent IRS Oversight Board survey data show.

Our country’s tax system functions largely on a ...

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House Republicans Continue Ill-Advised Push to Make “Extenders” Permanent

April 15, 2015

The House approach to making the extenders permanent isn’t fiscally responsible.  It also places extending these tax breaks above extending key provisions of the EITC and CTC that benefit tens of millions of low- and middle-income working families.

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Estate Tax Repeal Would Be a Boon for Heirs of Wealthiest Estates

April 14, 2015

Over at Real Clear Policy today, I’m pointing out how the repeal of the federal estate tax — which the House is expected to consider this week — would significantly increase budget deficits, widen wealth inequality, and benefit only the wealthiest estates.

As I explain,...

Top 10 Federal Tax Charts

April 7, 2015

As April 15th — Tax Day — approaches, these ten federal tax charts provide context for some important tax policy issues.

Our first chart reminds us why we pay taxes by showing where the money goes.  Three large areas each account for roughly a fifth of the...

Estate Tax Repeal: A Misguided and Costly Policy

March 25, 2015

Eliminating the federal estate tax on inherited wealth, which the House Ways and Means Committee approved today and which we’ve explained would increase deficits and inequality, is a misguided — and expensive — policy, new data show.  New...

Estate Tax Repeal = More Inequality + Bigger Deficits

March 24, 2015

As our new paper explains, the House Ways and Means Committee is scheduled to consider a bill this week to repeal the federal estate tax on inherited wealth, just one week after the House Budget Committee approved a budget plan calling for $5 trillion in program cuts...

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