federal taxes Archive

Advancing Tax Breaks For Retirement Savings, A Sputtering Gas Tax Holiday

TweetShareSharePin0 Shares Senate Finance Committee unanimously approves retirement savings bill. The catch-all bipartisan measure includes almost three dozen proposals affecting both retirement savings and account withdrawals. The Enhancing American Retirement Now (EARN) Act encourages employers to offer retirement savings plans, expands the savers credit, increases “catch-up” contributions for older workers and delays to age 75

Pennsylvania Inflation & Tax Reform Solutions

TweetShareSharePin0 Shares Note: The following is Tax Foundation testimony regarding how Pennsylvania can mitigate challenges of inflation through structural tax reforms. It was presented, by request, to the Pennsylvania House Majority Policy Committee on June 21, 2022. Good morning, Chairman Causer and Members of the Committee, My name is Timothy Vermeer, and I am a

US Tax Burden on Labor

TweetShareSharePin0 Shares The Biden administration has put forward significant plans for changing tax policy, including tax changes that would impact workers. While the administration is trying to narrowly target tax hikes to individuals who earn more than $400,000 and provide tax relief to families, it is helpful to understand what the tax burden looks like for workers

A Senate Retirement Bill? Religious Education.

TweetShareSharePin0 Shares Senate Finance will mark up a retirement savings bill today. Chair Ron Wyden released a chairman’s mark yesterday and the committee will consider the measure today. The bill, called the Enhancing American Retirement Now (Earn) Act, includes multiple changes to the tax treatment of retirement savings and withdrawals. The House passed a similar

A Federal Gas Tax Holiday Is A Terrible Idea

TweetShareSharePin0 Shares President Biden is proposing a three-month federal gasoline tax holiday. He may want to appear to be doing something to address high inflation, which is both an economic concern and a growing political problem for his Administration. But suspending the gas tax is a terrible idea that, on the margin, will make inflation

The Weekly (Tax)Buzz – June 22nd, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – June 22nd, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

Carbon Taxes: Green Tax & Climate Change Tax Reforms

TweetShareSharePin0 Shares Key Findings By driving changes to the climate, carbon emissions will impose major long-term economic costs, both here in the U.S. and around the world. Carbon taxes are an option to make the market reflect future costs of carbon emissions, discouraging emissions and incentivizing development and implementation of clean technology. Carbon taxes also

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