Congress needs to look past party lines and talking points to see the actual impact of the Tax Cuts and Jobs Act. In a new paper, Jeff Hoopes (University of North Carolina), Kyle Pomerleau (American Enterprise Institute), and I did just that.
The dependent exemption, the earned income tax credit (EITC), and the child tax credit (CTC), supported at times by Republicans and Democrats alike, help bolster...
The Supreme Court upheld Congress’s taxing authority, at least for taxing undistributed corporate profits. But what about Congress’s authority to tax other unreceived profits, like unrealized capital gains or other capital income?
The Congressional Budget Office’s latest fiscal update is filled with terrifying numbers: The projected deficit for this fiscal year will hit 7 percent of Gross...
Former President Trump’s proposal to exempt all tips from federal tax would benefit few tipped workers and hurt many. Tax-free tips might help a relatively...
In a surprise move, New York’s Democratic Governor Kathy Hochul indefinitely delayed New York City’s first-in-the-nation congestion pricing plan on Wednesday. Lawmakers created the Central...
This spring the IRS received more than 139 million individual income tax returns. Those returns give filers the option to direct a few of their tax dollars to the Presidential Election Campaign Fund (PECF). Eligible presidential candidates can use the money to help cover qualified expenses of their political campaigns in both the primary and general elections. But many of us decline the option. Do we not need or want it anymore?
Slowing climate change has been a signature issue for President Biden. But Biden also has been an ardent booster of American manufacturing. Recently, he imposed...
