The Inflation Reduction Act Would Only Raise Taxes From Wall Street and Big Corporations
Contrary to critics’ claims, the Inflation Reduction Act would only increase taxes for large corporations and the wealthy while providing meaningful benefits for middle-income families across the country.
The Inflation Reduction Act Brings Down Costs and Boosts Energy Supply, Cutting Inflation and Making Historic Investments
The Inflation Reduction Act would solve mismatches between supply and demand at work in the U.S. economy, reducing inflation and strengthening the country’s long-term economic outlook.
The Build Back Better Act’s Investments in the IRS Will Substantially Reduce the Tax Gap
Treasury economists’ estimate that modernizing the IRS will net $400 billion in new revenue will not be reflected in official Congressional Budget Office scores of the bill, but the savings are real and could be even greater.
We’ve Made Remarkable Progress Toward Reducing the Deficit
The Congressional Budget Office’s most recent budget projections show that the United States has made astounding progress toward reducing the federal budget deficit.
Spending on a raft of key federal programs from airport security to health care research under the “non-defense discretionary” budget banner will dip to all-time lows under the Budget Control Act.
Loopholes in the Estate Tax Show Why Revenue Must Be on the Table
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.
House Republicans Still Haven’t Learned Lessons from Their 1995 Government Shutdown
Facing three potential fiscal crises in the next 10 weeks, House Republicans and the president would do well to look back at the 1995 government shutdown for compromise ideas and lessons learned.
After a decade of repeated tax cuts, the increase in revenue achieved in the legislation to avoid the so-called fiscal cliff is a step in the right direction, but it won’t be enough.
