America's fiscal challenges are serious, but they can be solved
We can choose a better path — a path of stabilized debt, faster economic growth, broader prosperity, and enhanced economic opportunity and mobility for all.
Six Principles for Fiscally Responsible Tax Policy
Policymakers face significant budgetary decisions as a result of the expiration of certain provisions of the Tax Cuts and Jobs Act.
Here’s How No Tax on Overtime Would Affect Federal Revenues and Tax Fairness
Excluding overtime pay from federal taxes would meaningfully worsen the fiscal outlook, while most of the tax benefits would go to the top 20% of taxpayers.
No Taxes on Tips Would Drive Deficits Higher
Eliminating taxes on tips would increase deficits by at least $100 billion over 10 years. It could also could turn out to be a bad deal for many workers.
Why Do Budget Baselines Matter?
Applying the current-policy baseline would not only be fiscally irresponsible in terms of this year’s tax debate, but it would set a dangerous precedent for the future.