off the charts

You are here

Posts on Federal Tax
March 27, 2020

Here are the CBPP statements, papers, blog posts, and tweet threads to date on issues raised by the COVID-19 pandemic; we’ll update this list as we issue more analyses.

Patient in Hospital
March 21, 2020

Lawmakers must not only make low- and moderate-income people eligible for the full payments; they must also ensure that the government delivers the payments without imposing new requirements on individuals to file tax returns or fill out and submit other complex paperwork.

Capitol Dome
March 20, 2020

Amid the frenzy in Washington to enact broad stimulus legislation, Senate Republicans are also proposing to address a tax issue that far predates the current economic emergency: an error in the 2017 tax law that affects the restaurant and retail industries. If policymakers plan to help retailers and restaurant owners by fixing the error — and including the fix in the emerging stimulus...

Worker pulling espresso shot in cafe

Senior Director of Federal Tax Policy

March 11, 2020

The already overburdened IRS “may face challenges ensuring compliance” with certain parts of the 2017 tax law, a Government Accountability Office (GAO) report finds, particularly the 20 percent deduction for certain “pass-through” business income. That’s one more reason why policymakers should boost funding for IRS enforcement and...

Form 1040 And Refund Check
March 10, 2020

Direct, immediate stimulus payments would do far more to reduce immediate hardship and buttress an economy that faces serious risk.

Doctor leaning down to communicate with patient
February 27, 2020

As we celebrate the contributions of African Americans this month, we’d like to highlight a policy area where the Congressional Black Caucus (CBC) — created in 1971, a year after the first observance of Black History Month — has played a pivotal role and where many of its members are now working to build on past achievements. It’s the Earned Income Tax Credit (EITC), particularly the EITC for...

Person standing behind counter of diner

Senior Director of Federal Tax Policy

February 19, 2020

The gig economy has grown to about a quarter of all workers, but their participation in it varies widely: while 1 in 10 workers relies on gig work for their primary income, most gig workers are active just a...

Person in car looking at phone
February 12, 2020

Several bills in Congress, including the Economic Mobility Act that the House Ways and Means Committee approved last summer and the earthquake disaster package that the House passed last week, would give a significant boost to Puerto Rico’s low- and moderate-income families by strengthening the Commonwealth’s Earned Income Tax Credit (EITC) and the federal Child Tax Credit as it applies to...

Map of Puerto Rico
February 3, 2020

In finalizing its regulations on the 2017 tax law’s “opportunity zones,” the Treasury Department took some questionable business giveaways that were included in its proposed regulations and actually expanded them.

The Joint Committee on Taxation (JCT) has nearly doubled its estimate of the zones’ cost in lost federal revenue, and the new regulations could raise those costs even more....

Projections of Lost Revenue From Opportunity Zones Have Nearly Doubled
January 31, 2020

Today is Earned Income Tax Credit (EITC) Awareness Day, a time to bring attention to the EITC and other refundable tax credits to encourage more eligible taxpayers to claim them. Some 25 million working households claimed nearly $63 billion in federal EITCs last year.

The EITC’s critical...

Father and Kids Outside