Showing posts with label Joint Committee on Taxation. Show all posts
Showing posts with label Joint Committee on Taxation. Show all posts
Sunday, June 29, 2025

Republicans are doing an end-run around the Senate parliamentarian to make novel use of the current policy baseline instead of current law, asserting a Democrat precedent from 2022

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 Senate GOP declines to meet with parliamentarian on whether Trump tax cuts add to deficit ... Republicans, however, say that the parliamen...
Sunday, December 20, 2015

Tax package just passed will increase deficits by $68 billion annually

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Reported here : "The Joint Committee on Taxation (JCT) estimated that the tax bill will cost $622 billion over 10 years. Tax prov...
Tuesday, September 29, 2015

CBS News claims Trump keeps the EITC

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Here . For the current 5-year period 2012-2016 the Joint Committee on Taxation has previously estimated the annual cost of the Earned In...
Thursday, December 19, 2013

Libertarians At Forbes Completely Misrepresent The Mortgage Interest Deduction

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Here : The mortgage interest deduction (MID) is the largest personal tax deduction on the books and is widely considered one of the most sac...

Largest Sums Of Federal Revenue Forfeited Because Of The Tax Code, Joint Committee On Taxation, 2012-2016

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$706.6 billion: exclusion of employer contributions for healthcare, health insurance premiums and long term care insurance premiums. $596.0 ...
Friday, January 4, 2013

Rich Radio Talkers To Make Bazillions Off AMT Fix And Don't Know It!

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The New York Times reported the cost to the federal government of the permanent AMT fix over the next decade at $1.8 trillion, here , base...
Wednesday, January 2, 2013

George Bush Beats Obama: NYT Says Republican Fantasies Fulfilled By Democrats

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I won? Hey, that doesn't make any sense. For once The New York Times gets it right, here , emphases added: Just a few years ago, the ta...
Friday, October 19, 2012

Top Tax Loss Expenditures Projected For 2011-2015

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From the Joint Committee on Taxation's January 2012 projection, here are the top individual categories of lost tax revenue, commonly ref...
Monday, October 1, 2012

The Greedy Bastards' Big Lie About Your Mortgage Interest Deduction

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1 Read the data for yourself, here , from the Joint Committee on Taxation's own estimate of the "cost" to the government of yo...
Thursday, August 9, 2012

Top Ten Tax Loss Expenditures 2011 From The Joint Committee On Taxation

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10. Exclusion of benefits under cafeteria plans ................................................................$31 billion 10. Exclusion of...
Sunday, April 22, 2012

The Atlantic's Lies About Tax Loss Expenditures

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The latest lazy lies attacking the so-called privileges of the so-called middle class come from one Linda Killian at The Atlantic here : ...