May 9, 2023
If the country avoids breaching the debt limit in the next few months , you may not have Wall Street volatility to thank. Or even...
May 3, 2023
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...
May 3, 2023
Whether the goal is to provide broad access to e-bikes or to reduce carbon emissions and road congestion, a federal tax credit rewarding an individual’s e-bike purchase is not the best policy tool.
May 2, 2023
House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old...
April 27, 2023
You can see where this is going. As the US gets ever closer to hitting its borrowing limit sometime this summer, Congress is stumbling towards...
April 25, 2023
The veil has lifted (at least partway) on the administration’s two-year-old pledge that the IRS would not use its $80 billion budget boost to increase...
April 20, 2023
Benefits from safety net programs such as the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) and tax programs such as the Earned Income Tax...
April 19, 2023
As usual, the politicians are missing the point: Success or failure of the IRS’s ambitious plan to spend $80 billion in new money won’t be...
April 11, 2023
The Internal Revenue Service has taken a major step forward with its release of a plan detailing how the agency will invest the ten-year $80...
April 5, 2023
Without better outreach and communication from the IRS, the new $600 reporting threshold might drive more otherwise law-abiding taxpayers to work around the reporting rule.