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 ...

Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest ...

Severance taxes are taxes on the extraction of natural resources such as oil and natural gas. State and local governments collected a combined $11.8 billion in revenue from severance taxes in 2021.

One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their ...

Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities ...

Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored ...

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 ...

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of an option to exclude reported tips ...

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 ...

The Tax Cuts and Jobs Act cut taxes substantially from 2018 through 2025. The resulting deficits are adding $1 to $2 trillion to the federal debt, according to official estimates from before and ...