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Obama Wisely Calls for Boosting the EITC for Childless Adults

January 13, 2016

“Speaker [Paul] Ryan has talked about his interest in tackling poverty,” President Obama noted in his State of the Union speech.  “America is about giving everybody willing to work a chance, a hand up, and I’d welcome a serious discussion about strategies we can all support, like expanding tax cuts for low-income workers who don’t have children.”

In fact, President Obama and Speaker...


Puerto Rico Package Should Include Pro-Work EITC

December 4, 2015

As part of a robust response to Puerto Rico’s economic crisis, federal policymakers should let workers on the island qualify for the Earned Income Tax Credit (EITC) because Puerto Rico is tailor-made for the pro-work EITC — with its high poverty and unemployment and especially with its low official labor force participation.  The EITC draws people into the labor force, boosting jobs and...

Puerto Rico Has Higher Poverty & Unemployment, Lower Labor Force Participation

EITC Could Be Important Win for Obama and Ryan

November 16, 2015

“[Y]ou can oppose the president on some issue that you fundamentally disagree with, but also work with the other party on issues you do agree with,” new House Speaker Paul Ryan told CBS’ “60 Minutes” last night.  On one critical issue, Speaker Ryan and President Obama not only agree but have a nearly identical...


Former IRS Commissioners Decry Funding Cuts

November 11, 2015

In a sentiment with which we wholeheartedly agree, seven former IRS commissioners — from both Republican and Democratic Administrations — expressed concern over IRS budget cuts in a letter this week to House and Senate Appropriations Committee leaders. 


Private Debt Collectors the Wrong Approach for IRS

November 4, 2015

The highway funding bill before the House 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.  Lawmakers should delete this provision from the bill as it advances through Congress....

House Bill Would Cut IRS Enforcement Funding Further

Trump Tax Plan Would Expand Deficits, Give Biggest Tax Cuts at the Top

September 29, 2015

Donald Trump’s tax plan conflicts with his claim that it’s fully paid for and focused on average Americans.  In reality, the plan hemorrhages revenue and tilts heavily toward the wealthiest Americans.

It includes a number of expensive tax cuts — cutting the top individual and corporate tax rates sharply, to 25 and 15 percent, respectively; creating a special 15 percent rate for business...

1040 Tax Form

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