federal taxes Archive

TweetShareSharePin0 Shares Partisan congressional squabbling over the nation’s debt limit once again threatens to shut down the federal government and perhaps trigger a worldwide financial crisis. The debt limit as currently structured is toddler fiscal policy. Every parent of a young child knows what I am talking about: Little Peter gets all dressed up in

TweetShareSharePin0 Shares Key Findings States have paid out $175 billion in unemployment benefits since the start of the pandemic, with the federal government providing an additional $660 billion. Taking debt into account, state trust funds now have a negative aggregate balance of -$11 billion and are $115 billion shy of minimum adequate solvency levels. States

TweetShareSharePin0 Shares The House passes the “Extending Government Funding and Delivering Emergency Assistance Act.” House Appropriations Committee Chair Rosa DeLauro introduced the bill that reflects agreement among Senate and House Democrats yesterday afternoon and the House passed it last night. It would continue federal funding through December 3, provide $28.6 billion in disaster relief, and suspend the statutory

TweetShareSharePin0 Shares Saving for retirement is a risky endeavor. A key factor driving the shift over the past four decades from defined benefit (DB) pension plans to defined contribution plans (mainly 401(k) plans) and individual retirement accounts (IRAs) is employers’ desire to avoid the risks associated with providing guaranteed pension benefits to their employees. This

TweetShareSharePin0 Shares The debt limit game is on.  Congressional Democrats decided to roll up a debt limit increase, emergency disaster relief, and funding for much of the rest of government through Dec. 10 into a single bill, essentially daring Republicans to oppose so much popular spending. Democrats warned that failure to pass the measure could

TweetShareSharePin0 Shares Note: Below is an excerpt of the 2021 Spanish Regional Tax Competitiveness Index (RTCI), a recent report published in collaboration with Fundación para el Avance de la Libertad. The RTCI for Spain is designed to analyze how well regions structure their tax systems, allows policymakers, businesses, and taxpayers to evaluate and measure how their regions’ tax

TweetShareSharePin0 Shares The latest version of the Biden Build Back Better agenda, released last week by the House Ways and Means committee (see our estimates of the budgetary, economic, and distributional impacts), is dense, with too many provisions to flesh out completely. Here’s a rundown of the good, the bad, and the ugly of it.