Committee for a Responsible Federal Budget

Taxes

Tax Issue Area

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Dec 1, 2017 | Blog Paper Press Release | Taxes

No Estimate Shows Tax Bills Would Pay For Themselves

The Joint Committee on Taxation (JCT) released an official dynamic estimate of the Tax Cuts and Jobs Act (TCJA) yesterday as reported by the Senate...

Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion

The Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee,...
Nov 30, 2017 | Blog Paper Press Release | Taxes

JCT Score Shows Tax Bill Would Cost $1 Trillion After Economic Growth

For Immediate Release The Joint Committee on Taxation (JCT) released its dynamic score of the Senate Finance Committee-passed Tax Cuts and Jobs Act...

December Legislation Could Bring Back Trillion-Dollar Deficits

Congress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
Nov 29, 2017 | Blog Paper Press Release | Taxes

Five Ways to Improve the Senate Tax Bill

The current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...

Can Tax Reform Generate 0.4% Additional Growth?

Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth,...
Nov 21, 2017 | Blog Paper Press Release | Taxes

The Senate Should Not Vote on Tax Reform Without a Dynamic Score

In the coming weeks, the Senate is expected to vote on its version of the Tax Cuts and Jobs Act, which the Joint Committee on Taxation (JCT) has...
Nov 20, 2017 | Blog Paper Press Release | Taxes

Tax Policy Center Dynamically Scores House Tax Bill

The Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
Nov 17, 2017 | Blog Paper Press Release | Taxes

Comparing the Latest House and Senate Tax Bills by Provision

In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...