Taxes impact everyday life in ways most people don’t realize. The Tax Policy Center helps policymakers and the public understand those interactions. Broadening the reach of its nonpartisan research to as large an audience as possible can empower lawmakers to enact better policies and educate the media and public on why those decisions are important.
Momentum behind a tax plan drafted by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) has...
Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160...
Under a plan to temporarily expand the child tax credit (CTC), unveiled yesterday by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and...
Monumental Sports CEO Ted Leonsis, owner of the Capitals and Wizards, recently joined Virginia Gov. Glenn Youngkin (R) to unveil their economic development plan for...
What scares come to mind when purchasing Halloween candy: ghosts, witches, or taxes? Yes, taxes should be on the list because Halloween reminds us how...
After a bit of a delay, Treasury has proposed regulations outlining who in the cryptocurrency industry is a “broker” and hence obligated to provide the...
House GOP looks for government funding compromise with September 30 deadline creeping closer. Per Politico , Republican House leaders will meet this week to come...
The IRS is launching a Paperless Processing Initiative to save time for taxpayers and revenue officials. After all the news stories about the IRS struggling...
House Republican plans to temporarily raise the standard deduction and restore more generous business tax deductions would result in modest tax cuts for most households...
House Republicans on April 26 passed legislation on a party-line vote a bill that would rescind many Inflation Reduction Act (IRA) clean energy tax incentives in exchange...
The Treasury Department unveiled guidelines for how new electric vehicles can qualify for the tax credits established by the Inflation Reduction Act. In a press...
House Budget Committee holds a hearing on the “fiscal state of the union.” The House Budget Committee heard thoughts from leading public finance experts yesterday...
A new study blames tax cuts, not spending increases, for the federal government’s fiscal trajectory. First reported by Semafor , research from the Center for...
The multi-billion-dollar collapse of cryptocurrency exchange FTX has raised important questions about the framework government is relying on to collect taxes from crypto investors ...
President Biden announced plans to forgive $10,000 in student debt for all borrowers with below $125,000 in annual income ($250,000 for couples), while Pell Grant...
Recent analysis by the nonpartisan Joint Committee on Taxation (JCT) shows the impact of several tax pieces included in the Inflation Reduction Act (IRA). The...
Sens. Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) today unveiled cryptocurrency legislation that seeks to provide regulatory clarity on a range of issues, including taxes...
