Treasury Department Archive

TweetShareSharePin0 Shares Following the momentous passing of the resolution to begin intergovernmental discussions on a globally inclusive UN tax framework, our chief executive Alex Cobham spoke to the German Tax Justice Network, Netzwerk Steuergerechtigkeit, about why the resolution passed, what it means and what happens next. (The original German post is here). 1. Last Wednesday,

TweetShareSharePin0 Shares Tune in at Noon today: What happens if Congress doesn’t raise the debt limit? Join TPC co-founder Len Burman on the next episode of The Prescription. He’ll talk with TPC’s Howard Gleckman at 12:00 today about the potentially devastating impact of Congressional inaction. There’s got to be a better way to run the

TweetShareSharePin0 Shares Underlying every fiscal policy discussion in Washington is the question of progressivity: how much should tax and spending policy redistribute from high-income households to low-income households? This debate is often more rhetorical than substantive, but a recent study by the Congressional Budget Office (CBO) fills this void by presenting data showing that the

TweetShareSharePin0 Shares The state of Missouri has approved the disbursement of over $40 million in low-income housing credits to help developers construct residences for underprivileged families. Credit: Steve Geer/Getty Images The funds are expected to be used to build 1,791 houses throughout the state.  Last week, the Missouri Housing Development Commission agreed to issue half the credits

TweetShareSharePin0 Shares Talks on the expansion of the Child Tax Credit appear to have stalled, with a key sticking point being opposition of some lawmakers to making the credit fully refundable – or allowing low-income families to qualify for the maximum credit regardless of how much they earn. However, there are potential compromises short of

TweetShareSharePin0 Shares Schumer: A spending deal under the tree. Congressional negotiators reached a bipartisan deal on the framework of a year-end omnibus spending deal. They agreed on top-line defense and domestic spending numbers and agency budgets could soon follow. The agreement may also include the Electoral Count Act and more funding for Ukraine. But the fate of

TweetShareSharePin0 Shares Lawmakers in Washington D.C. have reached a much-anticipated deal for an omnibus spending package that will fund the federal government for fiscal 2023. Credit: John Hicks/Getty Images The fiscal year ends on September 30, so a new — or extended — deal will need to be in place by then. In regard to