Federal Tax

Personal Taxes Business Taxes Tax Credits for Individuals and Families IRS Funding and Tax Compliance

Report

Year-End Tax Policy Priority: Expand the Child Tax Credit for the 19 Million Children Who Receive Less Than the Full Credit

December 7, 2022 | Chuck Marr, Kris Cox, Sarah Calame, Stephanie Hingtgen, George Fenton and Arloc Sherman

Policymakers should not enact any year-end corporate tax breaks without expanding the Child Tax Credit.

Child Tax Credit Expansion Is Especially Important to Rural Families

November 29, 2022

Statement

Important Investments, Significant Disappointments in Year-End Legislation

December 20, 2022

Report

A Call to Expand the Child Tax Credit to Reach More Hispanic Families

October 12, 2022

Report

Corporate Lobby’s New Math Doesn’t Add Up for Kids

December 8, 2022 | Chuck Marr and Samantha Jacoby

Blog

House GOP’s First Bill: A Misleading Gambit to Protect Interests of Wealthy Tax Cheats

January 9, 2023 | Chuck Marr

Report

International Tax Reform Proposals Would Limit Overseas Profit Shifting, End “Race to the Bottom”

July 11, 2022 | Samantha Jacoby

Blog

Added IRS Funding Would Help Ensure High-Income Households, Businesses Pay Their Taxes

August 12, 2022 | Samantha Jacoby

Report

Corporate Lobbying Campaign Against Biden Tax Proposals Is Inaccurate, Unpersuasive

September 10, 2021 | Chuck Marr and George Fenton

Report

Reducing the Tax Gap: 5 Key Points on Information Reporting

September 14, 2021 | Chuck Marr and Samantha Jacoby

The Center’s EITC Outreach Campaign

New on this Topic

Blog

House Republican Rules Package Designed to Enable Skewed Priorities

January 11, 2023

Report

Rebuilding IRS Would Reduce Tax Gap, Help Replenish Depleted Revenue Base

December 16, 2022

Chart Book

The Need to Rebuild the Depleted IRS

December 16, 2022

Report

Success of the IRS Rebuilding and Tax Gap Reduction Effort Depends on Sufficient Funding Through Annual Appropriations

December 7, 2022

Report

Policymakers Should Expand Child Tax Credit in Year-End Legislation to Fight Child Poverty

October 20, 2022

Report

Un llamado hacia la ampliación del crédito tributario por niños o menores dependientes para que llegue a más familias hispanas

October 12, 2022

Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

We analyze major tax proposals, examining their likely impact on the economy, on the nation’s fiscal health, and on the government’s ability to address critical national needs, especially over the long term. We also examine the impact of tax proposals on households at different income levels.

El crédito tributario por hijos

Federal Payroll Taxes

Federal Tax Expenditures

Fiscal Stimulus

Marginal and Average Tax Rates

Tax Exemptions, Deductions, and Credits

The Child Tax Credit

The Earned Income Tax Credit

The Federal Estate Tax

Where Do Federal Tax Revenues Come From?

Where Do Our Federal Tax Dollars Go?

View All Policy Basics

Experts

Policymakers Should Expand Child Tax Credit in Year-End Legislation to Fight Child Poverty

There is pressure on Congress from business interests to delay a corporate tax increase; Congress should not consider any business tax breaks without also expanding the Child Tax...

Added IRS Funding Would Help Ensure High-Income Households, Businesses Pay Their Taxes

The added resources would enable the IRS to concentrate its enforcement efforts on a major source of the tax gap: the highest-income 1 percent of...

Inflation Reduction Act Takes Important Steps Forward and Should Be Enacted

The Inflation Reduction Act moves toward a fairer tax system, makes health coverage and prescription drugs more affordable, and addresses the global challenge of climate change....

Senate Revenue Package Is Sound Policy

The Inflation Reduction Act’s revenue package would increase IRS funding to reduce the tax gap, require corporations to pay a 15 percent minimum tax, and narrow the carried interest...

The Nation Has Made Progress Against Poverty But Policy Advances Are Needed to Reduce Still-High Hardship

Chairman Himes, Ranking Member Steil, and members of the Committee, thank you for the opportunity to testify. I am Sharon Parrott, President of the Center on Budget and Policy Priorities,...

International Tax Reform Proposals Would Limit Overseas Profit Shifting, End “Race to the Bottom”

The House bill would prevent multinational corporations from avoiding the minimum tax on Global Intangible Low-Taxed Income by “blending” their taxes and income in low- and high-tax...

Despite Flaws, Romney Proposal on Child Tax Credit Creates Opening for Bipartisan Action

The new proposal from Senators Mitt Romney, Richard Burr, and Steve Daines to expand the Child Tax Credit includes some important improvements to the credit compared to current law and may...

Romney Child Tax Credit Proposal Is Step Forward But Falls Short, Targets Low-Income Families to Pay for It

The proposal includes some important improvements to the Child Tax Credit compared to current law but has significant...

Congress Should Support LGBTQ People With Low Incomes by Expanding the Child Tax Credit and Earned Income Tax Credit

Throughout the year — especially during Pride Month — lawmakers should enact policies that lift up and empower lesbian, gay, bisexual, transgender, and queer/questioning (LGBTQ) people and...

Stimulus Payments, Child Tax Credit Expansion Were Critical Parts of Successful COVID-19 Policy Response

The robust response helped make the COVID-19 recession the shortest on...

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Federal Tax

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Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

Experts

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.