Ideas. Action. Results.

How do Undocumented Immigrants Pay Federal Taxes? An Explainer

Hunter Hallman / Blog March 28, 2018

As Tax Day 2018 approaches, it is worth exploring a pressing question that is widely misunderstood: do undocumented immigrants pay federal taxes?

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Government Shutdown Effect on Debt Limit

Tim Shaw / Blog February 6, 2018

If an agreement on budget levels and other key priorities cannot be reached, it will be important to know how a government shutdown could interact with the debt limit.

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Affordable Care Act Advocates and Critics Agree on Health Care Recommendations

Health / Press Release August 30, 2017

BPC’s proposal also explains the federal budgetary cost of each recommendation and provides a menu of policy options Congress could enact to offset any new spending.

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IRS Taxpayer Services Improved, But Problems Persist

Ben Ritz / Blog July 25, 2016

Many of the problems that taxpayers encounter in dealing with the IRS are the result of its inadequate resources and accompanying cost-saving efforts.

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Taxpayer Service in Steep Decline at the IRS

Kenneth Megan / Blog July 24, 2015

“Courtesy disconnects”—when the IRS switchboard hangs up on callers due to a system overload—skyrocketed this year to 8.8 million, up from 544,000 in 2014.

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Recent Treasury/IRS Regs Encourage Use of Annuities by DC Account Holders

Economy / Blog November 17, 2014

One of the challenges that defined contribution plan participants face is how to turn their savings into income that will last through the end of their lives.

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IRS Commissioner Stresses Importance of Tax Clarity

Economy / Blog October 30, 2014

Both the long-term fiscal health of our country and the short-term functioning of our government depend on clear tax policy emanating from Congress.

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What is the Research and Experimentation Tax Credit?

Shai Akabas, Brian Collins / Blog April 24, 2014

The research and experimentation (R&E) tax credit – alternatively referred to as the R&D tax credit, the research tax credit, or the credit for increasing research activities – is a tax provision designed to incentivize innovation by making research activities cheaper for businesses. The R&E credit is one of the “tax extenders,” a set of federal tax provisions that expired on December 31, 2013, but have routinely been renewed in the past. 

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Background on the EITC

Shai Akabas, Brian Collins / Blog April 24, 2014

The Earned Income Tax Credit (EITC) is a federal tax provision that supplies a valuable benefit to low-income, working Americans. The credit is held in high esteem by Republicans and Democrats alike because it incentivizes work by subsidizing take-home pay for low-income workers. The EITC’s generosity has been increased under presidents from both parties.

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America in 25 years: Here’s what to expect

Economy / News February 27, 2014

A quarter century ago, America had a brand new income tax system and an emerging position as the world’s lone superpower. Whites dominated a political debate conducted on television, and baby boomers had just become 40-somethings. A quarter-century from now,…

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