Before Congress sacrifices needed public investments or puts programs that serve middle-class families at risk in the name of deficit reduction, it should ensure that the estate tax is actually paid by the few wealthy estates still subject to it.
Issue Brief Reducing or reforming certain tax breaks for high-income individuals and corporations could raise $1 trillion in revenue over 10 years.
Closing the carried interest loophole should be a part of any significant deficit-reduction or tax-reform effort.
Report In order to secure our fiscal future and achieve meaningful deficit reduction over the next 10 years, we need a plan that combines progressive, revenue-enhancing tax reform with pragmatic spending cuts that do not undermine the middle class, the poor, or seniors.
Seth Hanlon looks at three typical military families to see how they would fare under the House Republican tax plan being voted on today. Hint: It’s not good for them.
The House should drop its insistence on continued tax cuts for high incomes and join the Senate in enacting tax relief for 98 percent of households, write Seth Hanlon and Sarah Ayres.
Seth Hanlon points out that Sen. McConnell’s tax plan would let tax credits for working parents and families paying for college expire while extending all high-income tax cuts.
An infographic from Maura Calsyn and Seth Hanlon shows how the Affordable Care Act is, in effect, a major tax cut for the middle class.
Seth Hanlon explains why closing the so-called Gingrich-Edwards loophole, which allows certain well-heeled professionals avoid taxes, is an obvious and fair way to hold down the cost of student loans.
House Republicans stealthily cut nutrition assistance as they reject revenues from the Buffett Rule as paltry, write Melissa Boteach and Seth Hanlon.
H.R. 9 is an ineffective giveaway to the rich, poorly targeted toward small businesses, and even more poorly targeted toward job creation, writes Seth Hanlon.
Seth Hanlon and Sarah Ayres detail three reasons why the “Fair Share Act” is good for our nation alongside three reasons why its critics are off base.
The House Republican budget proposal is not about making the tax code simpler; it’s about making it less progressive, says Seth Hanlon.
Seth Hanlon examines how the recent budget proposal from the House Budget Committee Chairman stealthily raises taxes for the middle class while cutting them for the rich.
Seth Hanlon explores how the president’s framework for business tax reform provides a much-needed overhaul of the international tax rules.