TPC: Those making over $430,000 get most of the benefit of a SALT cap repeal. Repealing the $10,000 cap on state and local tax (SALT) deductions would cut 2025 taxes by an average of more than ...

IRS names new head of the Independent Office of Appeals. The agency selected Elizabeth Askey to serve in the role. She’ll set strategy and oversee operations of the office, which helps to resolve ...

Former President Trump’s proposal to repeal the $10,000 cap on the state and local tax (SALT) deduction would cut 2025 taxes by an average ...

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of repealing the $10 ...

A grand bargain that acknowledges tradeoffs is the way out of the nation’s fiscal crisis. TPC’s Gene Steuerle reviews the efforts of the Peter G. Peterson Foundation and the Center for Collaborative ...

Campaigns and political party platforms provide limited policy details. That’s by design: especially in a campaign, politicians tend to accentuate what they will do ...

Negotiations are underway to fund the government after Oct. 1.

The fate of a government agency’s funding is always precarious—and especially so for the Internal Revenue Service, one of the most unpopular federal agencies ...

Donald Trump would exempt overtime pay from tax. Kamala Harris and Trump both agree that tips should be exempt. There are lots of tax exclusions in the tax code, but this form of tax subsidy is ...