New Research Adds to Evidence That Opportunity Zone Tax Breaks Are Costly and Ineffective
Policymakers should enact commonsense reforms to opportunity zones to boost transparency and accountability, stem rising costs, and focus attention on communities most in need.
These 19 Fortune 100 Companies Paid Next to Nothing—or Nothing at All—in Taxes in 2021
Analysis shows that during a year of high corporate profits, many of the biggest corporations in America either paid minimal or no federal income taxes.
As Energy Prices Skyrocket, Congress Must Return the Oil and Gas Industry’s Windfall Profits to the American People
Congress should enact a temporary tax on windfall profits from the oil and gas companies that are raking in record profits at a time of crisis-level energy prices.
Increased Wage Inequality Has Reduced Social Security’s Revenue
Rising economic inequality has pushed down Social Security’s revenues, but there are a few possible avenues to generating more revenue in order to preserve Social Security.
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.
A Corporate Minimum Tax Would Ensure Large Corporations Begin To Pay Their Fair Share
The Build Back Better Act’s corporate profits minimum tax would make important progress toward fixing a broken tax code and ensuring that the largest and most profitable corporations pay their fair share.
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.
