#Tax Policy

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On the heels of its new budget plan with high economic growth projections that have been widely questioned, the Trump administration last week released a report that makes clear these projections rest on a dubious assumption: “full implementation” of the…


At a time when Washington struggles to reach agreement even on short-term decisions, a conference Friday focused some badly needed attention on longer-term trends and policy choices that could shape the country over the next three decades and beyond. “US…


Congress and the administration have a lot of work to do in protecting taxpayer dollars, judging from a new report from the nonpartisan Government Accountability Office (GAO) on programs that it considers at “high risk” for waste, fraud and mismanagement.…


The Taxpayer Advocate Service (TAS) sends an annual report to Congress that flags problems with the federal government’s tax collection efforts. The latest such report from the agency makes for particularly depressing reading. On top of the usual problems discussed…


As if filing federal tax returns weren’t already confusing enough, some lawmakers are considering retroactive changes in the tax code that would apply to 2018. This means some taxpayers may need to delay preparing and submitting their returns -- and…


WASHINGTON -- The Concord Coalition expressed deep concern today over new Congressional Budget Office (CBO) projections that show federal deficits and debt rising rapidly despite healthy growth in the economy and an historically low unemployment rate. Over 10 years, the…


A last-minute Republican plan to extend certain tax breaks and create some new ones appears to face dim prospects this month. Time is running short for the lame-duck Congress, and a scheduled House vote was postponed on Friday. Senate passage…


Returning to Washington this week, Congress and President Trump face a pile of leftover budget work that they should try to complete with a greater sense of fiscal responsibility than they have shown in the recent past. Even if the…


The Treasury Department’s final report for Fiscal Year 2018, showing a 17 percent ($113 billion) jump in the deficit, has drawn new attention to the nation’s worsening fiscal position and injected the issue into the midterm congressional campaigns. The sobering…


With the federal deficit projected to exceed $1 trillion in Fiscal 2020, many economists worry that Washington’s heavy borrowing to cut taxes and increase spending could make it more difficult to counteract the next economic downturn. At an event this…


The House Ways and Means Committee is looking to pass more deficit-financed tax cuts, most notably by pressing to extend tax cuts passed in 2017 beyond their 2025 expiration dates. The Congressional Budget Office released a score of that legislation,…


With the Trump administration projecting a return to trillion-dollar deficits in the fiscal year that starts Oct. 1, economists, former government officials and the public have expressed great concern about the rapid growth of the national debt. Yet this concern…

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