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3 weeks ago | 
taxfoundation.org | Garrett Watson |Erica York |Alex Muresianu |Alex Durante
The House Ways and Means CommitteeThe Committee on Ways and Means, more commonly referred to as the House Ways and Means Committee, is one of 29 U.S. House of Representative committees and is the chief tax-writing committee in the U.S. The House Ways and Means Committee has jurisdiction over all bills relating to taxes and other revenue generation, as well as spending programs like Social Security, Medicare, and unemployment insurance, among others.
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Jan 14, 2025 | 
taxfoundation.org | Erica York |Alex Durante |Garrett Watson |William McBride |William Mcbride
Note: “The Sustainability of U.S. Debt and Potential Reforms: Fiscal Rules, Spending and Taxes, and a Fiscal Commission,” which has been published in final form in Public Budgeting & Finance at https://doi.org/10.1111/pbaf.12381. This article may be used for non-commercial purposes in accordance with the Wiley Self-Archiving Policy (http://www.wileyauthors.com/self-archiving).
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Nov 28, 2024 | 
onlinelibrary.wiley.com | William McBride |William Mcbride |Erica York |Alex Durante |Garrett Watson
REFERENCES , and . 2022. “How Fiscal Restraint Can Help Fight Inflation.” IMF, https://www.imf.org/en/Blogs/Articles/2022/11/21/how-fiscal-restraint-can-help-fight-inflation , , , and . 2020. “The Impact of Bundled Payment on Health Care Spending, Utilization, and Quality: A Systematic Review.” Health Affairs, https://www.healthaffairs.org/doi/pdf/10.1377/hlthaff.2019.00784 , , and . 2012.
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Nov 18, 2024 | 
taxfoundation.org | Erica York
New Internal Revenue Service data for taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. year 2022 shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates.
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Nov 13, 2024 | 
taxfoundation.org | Erica York |Garrett Watson |William McBride |William Mcbride |Kyle Hulehan
The clear election victory for Republicans means they will retake the White House, Senate, and (by a slim margin) the House next year, putting them in the driver’s seat to determine the direction of taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. reform.
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Nov 8, 2024 | 
taxfoundation.org | Erica York |Milly Higgs
President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. on Chinese imports, and a 25-100 percent tariff on Mexican imports.
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Nov 8, 2024 | 
taxfoundation.org | Kyle Hulehan |Dan Carvajal |Erica York
Join hosts Kyle Hulehan and Erica York in this episode of The Deduction as they break down the US taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy implications of Donald Trump’s next presidential term.
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Nov 6, 2024 | 
taxfoundation.org | Erica York |Kyle Hulehan
President-elect Donald Trump has proposed to implement a universal baseline tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. on imports when he takes office.
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Nov 6, 2024 | 
taxfoundation.org | Garrett Watson |Erica York |Kyle Hulehan
As lawmakers prepare for the debate over the expiration of the 2017 TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Cuts and Jobs Act (TCJA), they may face increasing pressure to offset the cost of lowering tax rates by changing other parts of the tax code.
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Oct 30, 2024 | 
taxfoundation.org | Kyle Hulehan |Dan Carvajal |Erica York
Can tariffs truly replace income taxes in today’s economy? In this episode, we examine the bold and controversial proposal from former President Trump to replace income taxes with tariffs. What would this dramatic shift mean for everyday Americans, particularly those with lower incomes? And would it actually work?
