taxfoundation.org

1 week ago | taxfoundation.org | Alex Muresianu

The House’s 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 plan chooses flashy cuts over pro-growth alternatives. The House of Representatives just passed President Trump’s “One Big Beautiful Bill,” marking a critical step in the Republican tax agenda.

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.

2 months ago | taxfoundation.org | Milly Higgs

Trump's reciprocal tariff calculations draw its estimates from bilateral trade deficits in goods, a fundamentally flawed method.

2 months ago | taxfoundation.org | Kyle Hulehan

Tariffs raise prices and lower living standards and production, even if people switch to buying American. See tariffs long-term economic harm

2 months ago | taxfoundation.org | Kyle Hulehan

As we learned in the first trade war, US tariffs and retaliation harms US exporters by acting like a tax on US exports, including US Whiskey.