Rising Deficits, Falling Revenues
The Tax Cuts and Jobs Act increases federal deficits while failing to address the nation’s most pressing challenges and making inequality worse.
Budget, Tax, and Infrastructure
Fact Sheet: The Realities of Economic Development Subsidies
The strategy of providing incentives to companies involves potential downsides that rarely are fully appreciated.
The Realities of Economic Development Subsidies
Providing incentives to companies to create jobs has become a false panacea in the economic development world, and proponents often fail to acknowledge the strategy’s downsides.
Reflections on the Congressional Budget Act
In reforming the congressional budget process, Congress should strengthen nonpartisan institutions such as the CBO, put taxes and spending on a level playing field, and eliminate brinkmanship over the debt ceiling.
Will the Fed’s Rate Hikes Show Up in Tomorrow’s GDP Release?
As the Federal Reserve continues to raise rates, it’s time to pay more attention to the economy-wide risks from the changing landscape of household debt.
Americans Have Rejected the Tax Scam—Congress Should Too
The House plan for a second round of top-heavy tax cuts stack the deck even further against working families.
Second Round of House GOP Tax Cuts Would Have Massive Long-Run Cost
The new House tax bill would add more than $3 trillion to deficits over the second 10 years.
Indexing Capital Gains to Inflation Will Only Further Rig the Economy Against Workers
The Trump administration’s plan to allow capital holders to index their assets to inflation is the latest attempt to benefit the wealthy as it takes steps to cut workers’ pay and retirement savings.
11 Ways the Wealthy and Corporations Will Game the New Tax Law
The tax law enacted in December 2017 opened the door to a whole new level of tax-avoidance games primarily available to wealthy individuals and businesses and big corporations.
How to Give Teachers a $10,000 Raise
Because teachers’ compensation should reflect the importance of their work, CAP proposes a $10,000 federal Teacher Tax Credit that would increase pay for eligible teachers in high-poverty schools.
The Data Do Not Support Supply-Side Economics
New Federal Reserve data show that 2017 tax cuts benefited shareholders but did not boost investment.
Congress Should Not Give a Second Helping of Tax Cuts to the Rich
Permanently extending provisions of the 2017 tax law would give more wasteful tax cuts to high-income Americans and cause lasting fiscal damage.
Tax Cuts for the Top 1 Percent Cost More Than SNAP
This table presents a state-by-state comparison of TCJA tax cuts for the top 1 percent and SNAP spending.
Tax Cut Bill Will Lead to Trillion Dollar Deficits
Despite claims that the recently passed tax cut bill will lead to a reduction in deficits and debt, CBO projections indicate that the opposite will be true.
The Balanced-Budget Amendment Threatens Americans’ Health Care, Social Security, and Jobs
In addition to worsening economic downturns, this amendment would increase the chances that congressional dysfunction could cause the United States to default on its obligations and plunge world financial markets into crisis.