ec768a5f98abf5f39af79371ef7c33d0 Archive

Why Aren’t Kids A Higher Priority For Congress?

TweetShareSharePin0 Shares During the worst of the COVID-19 pandemic in 2020 and 2021, Congress substantially increased benefits for children, including big boosts in the Child Tax Credit (CTC) and other tax benefits that almost doubled in size from 2018 to 2021. But that’s about to change: In coming years, those enhanced child benefits will fall

Improving the IRS National Research Program

TweetShareSharePin0 Shares Alas, it takes a potential scandal to bring attention to a government program in need of reform. In this case, it’s the intense individual income tax audits conducted by IRS under the National Research Program (NRP). NRP research relies upon comprehensive audits of a very small sample of tax returns to assess the

The Elephant in The Room: The Gap Between Federal Retiree Benefits and Taxes Paid

TweetShareSharePin0 Shares President Trump was afraid to tackle the dominant set of spending and tax issues facing the federal government. Ditto, so far, for President Biden. Under current law, the Social Security and Medicare trust funds that pay out crucial benefits to retirees will go insolvent by roughly 2034 and 2026, respectively, triggering large mandatory

How to Undertake Reform of the Charitable Deduction

TweetShareSharePin0 Shares Among its many changes, the 2017 Tax Cuts and Jobs Act substantially increased the share of federal income taxpayers taking the standard deduction, leaving fewer tax filers claiming the tax deduction for charitable contributions. Ever since, some lawmakers have sought ways to incentivize giving for those who don’t itemize. It’s unlikely that Congress

Why Progressivity in Tax Policy Is Not A Simple Matter

TweetShareSharePin0 Shares Policymakers and even policy analysts often consider the progressivity of specific proposals independently from the broader systems in which they operate. Consequently, they often leave the public with a misleading impression of how those proposals affect various income groups. Here are four examples of how specific programs might appear to be regressive yet

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