Tax — Federal News feed http://www.cbpp.org/research/?fa=topic&id=30 en-us Copyright 2008 Center on Budget and Policy Priorities. All rights reserved. Thu, 16 May 2013 22:00:10 GMT http://blogs.law.harvard.edu/tech/rss http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 16 May 2013 17:03:47 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 16 May 2013 09:30:15 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 Two working-family tax credits — the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) — have proven to be powerful tools for reducing children's poverty and advancing their long-term well-being.[1] About 21 million low- and moderate-income working mothers received either the EITC or the low-income portion of the CTC in 2010. Internal Revenue Service (IRS) figures show that over 27 million Americans claimed the EITC, includingabout 21 million filers with children.… http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/n0ccmYITukc/ http://www.cbpp.org/cms/?fa=view&id=3963 Thu, 09 May 2013 08:29:39 -0400 http://www.cbpp.org/cms/?fa=view&id=3963 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 09 May 2013 09:18:56 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Tue, 07 May 2013 15:02:58 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Tue, 07 May 2013 11:03:07 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Mon, 06 May 2013 15:46:10 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 02 May 2013 09:50:56 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Tue, 30 Apr 2013 14:57:43 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Tue, 30 Apr 2013 16:20:43 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 A recent report from the Treasury Department’s Inspector General raised the issue of overpayments in the Earned Income Tax Credit (EITC).[1] The EITC, a tax credit for low- and moderate-income working families that has been shown to increase work, lower welfare receipt, and reduce poverty, has a significant error rate that needs to be reduced.[2] But, in addressing EITC errors, policymakers should understand three facts: EITC errors occur primarily because of … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/7c2MOQS-EgY/ http://www.cbpp.org/cms/?fa=view&id=3960 Tue, 30 Apr 2013 13:10:57 -0400 http://www.cbpp.org/cms/?fa=view&id=3960 In 2010, 22.9 percent of rural tax filers — compared with 20 percent of filers nationwide — claimed the Earned Income Tax Credit (EITC), according to research by the Brookings Institution and the Carsey Institute.[1] This difference reflects rural areas’ generally lower wage levels. The EITC brought $10.5 billion in benefits to rural America in 2010, an average of $2,245 for nearly 4.7 million rural EITC filers. The share of rural EITC filers that also receive … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/kVGSO8FQhnk/ http://www.cbpp.org/cms/?fa=view&id=3956 Fri, 19 Apr 2013 10:00:07 -0400 http://www.cbpp.org/cms/?fa=view&id=3956 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Wed, 17 Apr 2013 15:37:18 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 12 Apr 2013 17:43:18 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 12 Apr 2013 13:42:53 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 Overview The President’s 2014 budget is presented in two parts. One part includes the package of deficit- reduction policies that the President included in his last offer to Speaker Boehner during the “fiscal cliff” negotiations in December 2012. This package would reduce the deficit by $1.8 trillion over the next decade and go somewhat beyond stabilizing the debt as a share of the economy, setting it on a slight downward path. When coupled with the … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/akmCDhe5HfA/ http://www.cbpp.org/cms/?fa=view&id=3952 Thu, 11 Apr 2013 15:59:39 -0400 http://www.cbpp.org/cms/?fa=view&id=3952 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Mon, 08 Apr 2013 10:10:16 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 Costing about $70 billion a year, the mortgage interest deduction is one of the largest federal tax expenditures, but it appears to do little to achieve the goal of expanding homeownership. The main reason is that the bulk of its benefits go to higher-income households who generally could afford a home without assistance: in 2012, 77 percent of the benefits went to homeowners with incomes above $100,000. Meanwhile, more than a third of homeowners with mortgages — most of … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/FVq_5qFY_gc/ http://www.cbpp.org/cms/?fa=view&id=3948 Thu, 04 Apr 2013 14:28:19 -0400 http://www.cbpp.org/cms/?fa=view&id=3948 The Tax Foundation released its annual “Tax Freedom Day” report today that, once again, can leave a strikingly misleading impression of tax burdens — showing an average federal tax rate across the United States that’s likely higher than the tax rate that 80 percent of U.S. households actually pay. To project the day when “the nation as a whole has earned enough money to pay its total tax bill for the year,”[1] the Tax Foundation calculates the average tax … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/YqALdzvIXno/ http://www.cbpp.org/cms/?fa=view&id=3946 Tue, 02 Apr 2013 17:36:40 -0400 http://www.cbpp.org/cms/?fa=view&id=3946 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 29 Mar 2013 13:44:49 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Thu, 28 Mar 2013 15:27:22 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 Below is a compilation of the CBPP analyses and blog posts on House Budget Committee Chairman Paul Ryan’s budget, which the House has passed. Overview/General Statement: Robert Greenstein, President, on Chairman Ryan’s Budget Plan March 12, 2013 “When House Budget Committee Chairman Paul Ryan released his previous budget last year, I wrote that for most of the past half century, its extreme nature would have put it outside the bounds of mainstream … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/QyNCjAwpX9I/ http://www.cbpp.org/cms/?fa=view&id=3940 Fri, 22 Mar 2013 17:10:16 -0400 http://www.cbpp.org/cms/?fa=view&id=3940 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Fri, 22 Mar 2013 10:18:31 -0400 http://www.cbpp.org/cms/?fa=view&id=3184 House Budget Committee Chairman Paul Ryan justifies the massive cuts he proposes in programs for low- and moderate-income Americans in part by claiming that the current safety net “can create a powerful disincentive to get ahead.”[1] He uses this argument to defend converting both Medicaid and the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) into block grants at substantially shrunken funding levels relative to current law. These claims, however, … http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/IQpQRB8ETUA/ http://www.cbpp.org/cms/?fa=view&id=3938 Thu, 21 Mar 2013 12:30:51 -0400 http://www.cbpp.org/cms/?fa=view&id=3938 http://feedproxy.google.com/~r/CBPP-TaxFederal/~3/UBrnwCVebd4/ http://www.cbpp.org/cms/?fa=view&id=3184 Wed, 20 Mar 2013 12:13:38 -0400 http://www.cbpp.org/cms/?fa=view&id=3184