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1 week ago | 
taxfoundation.org | Garrett Watson |Huaqun Li |Erica York |Alex Muresianu
The Senate Finance Committee introduced its reconciliation 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. legislation on June 16, 2025, addressing the expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and making additional changes to US tax policy and spending.
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1 month 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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Dec 10, 2024 | 
taxfoundation.org | Garrett Watson
If you’ve ordered a rideshare or gotten a haircut in a major US city, you’ve likely noticed that the price of these services is more expensive than in other parts of the country. The difference is due to price level variation throughout the United States. The Bureau of Economic Analysis (BEA) released data detailing the disparities in spending power across metropolitan and nonmetropolitan areas of each state for calendar year 2022.
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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 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 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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Sep 18, 2024 | 
taxfoundation.org | Garrett Watson |Erica York |William McBride |William Mcbride |Alex Durante
As part of the 2024 presidential campaign, Vice President Kamala Harris is proposing to 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. long-term capital gains at a top rate of 33 percent for high earners, taking the top federal rate to highs not seen since 1978.
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Sep 11, 2024 | 
taxfoundation.org | Alex Muresianu |Garrett Watson
Key FindingsBusinesses invest now to earn future returns. For an investment to be worthwhile, it must at least “break even,” providing a risk-free return that covers the cost of capital, time, and inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills.
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Sep 4, 2024 | 
taxfoundation.org | Erica York |Garrett Watson
In her campaign for president, Vice President Kamala Harris has embraced all the 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.
