August 12, 2022
As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about...
August 11, 2022
In a new analysis , the Tax Policy Center finds the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes would rise...
August 11, 2022
With the near-certain enactment of the Inflation Reduction Act, the Internal Revenue Service is on track for an $80 billion boost to its ten-year budget...
August 9, 2022
The House is set to consider final passage of the Inflation Reduction Act (IRA) later this week, following months of negotiations over President Biden’s Build Back Better agenda. To help fund the...
August 8, 2022
On Monday, the Georgia Department of Revenue (DOR) released guidance for unborn children newly eligible for the state’s existing dependent deduction. Making unborn children eligible...
August 8, 2022
Alas, it takes a potential scandal to bring attention to a government program in need of reform. In this case, it’s the intense individual income...
August 4, 2022
Last week’s surprise budget deal, which includes about $370 billion in measures to combat global climate change, was sealed with improved terms for US oil...
August 2, 2022
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...
August 3, 2022
Crypto mining requires a lot of energy. Should crypto miners in the US face heavier regulation of their energy use, pay a tax on their electricity use, or receive tax incentives for using renewable energy?
August 1, 2022
Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like...