Taxes

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IMF: Tax Bill's Boost to Growth is Short-Term

This week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of...
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Trillion-Dollar Deficits Could Return Next Year, But A Deal Could Make Them Worse

Trillion-dollar deficits will return next year, and a budget deal in the coming weeks could make them much worse. The continuing resolution (CR) that...
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Three-Week Funding Deal Includes $30 Billion in Tax Cuts

Lawmakers came to a bipartisan agreement to end the federal government shutdown yesterday, but it came with a very high price. The continuing...
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House Continuing Resolution Sets Stage for Over $300 Billion in Costs

House Republicans released a draft continuing resolution (CR) last night to extend current levels of discretionary spending through February 16,...
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Sizing Up Revenue With the Tax Bill Enacted

As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with significantly...
Jan 5, 2018 | Blog Paper Press Release | Taxes

Resources for Tax Reform

Efforts to reform the tax code are underway, and the legislative process is in full swing. CRFB has been tracking and compiling the scores of each...
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Jan 3, 2018 | Blog Paper Press Release | Taxes

Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion

At the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis...
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CRFB's Top 10 Charts of 2017

The year 2017 was a busy time for budget policy as lawmakers considered major legislation dealing with health care and taxes following the...
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Dec 19, 2017 | Blog Paper Press Release | Taxes

Comparing the Conference Report With the House & Senate Tax Bills

The House-Senate conference committee has released its version of the Tax Cuts and Jobs Act (TCJA), and we've updated our blog comparing the final...
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Dec 18, 2017 | Blog Paper Press Release | Taxes

Final Tax Bill Could End Up Costing $2.2 Trillion

The final conference committee agreement of the Tax Cuts and Jobs Act (TCJA) would cost $1.46 trillion under conventional scoring and over $1...

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