Washington-based nonpartisan think tank that researches and analyzes U.S. and global tax policy, producing data and estimates on tax proposals' fiscal impact.
A House committee handed crypto users a break on fees of $10 or less and paid for it by importing the anti-abuse rules that govern stocks, and the traders who harvest losses in December are the ones paying.
Perspective Coverage
5 publishersReality
Four researchers studying 8,389 European multinationals found groups were less likely to shift income abroad once audits flagged uncertain tax positions. Because it measures how companies behaved around a single tax disclosure, the result can stand beside earlier studies that found the reports did little for audits or investors.
Reality
Donald Trump's $5,000 'Trump Dividend' would cost about $1.2 trillion and needs Congress to pass it after a Republican sweep on Nov. 3. The $90 Medicare rebates due around Oct. 8 come from a fund that already holds the money, so only one of the two checks is paid for.
Perspective Coverage
7 publishersReality
California voters will decide in November on Proposition 40, a one-time 5% tax on the net worth of the state's 250 billionaires, who hold $2.3 trillion. Whether any of them pays turns on a three-way vote count, since two rival amendments on the same ballot can undo it.
Reality
Trump promised $5,000 to each American adult if his party keeps its congressional majorities, and Fortune reports that such a proposal could cost more than $1 trillion. No financing was attached to it.
Perspective Coverage
6 publishersReality
Williams Sonoma is putting $10 million into employee 401(k) accounts and TJX accrued $112 million in bonuses. Together that is 0.12% of the $100 billion the Treasury has refunded to importers since May.
Reality
The same estimate carries a 3.1% rise in core goods prices and roughly 345,000 full-time jobs. It arrives in the seventh month of a war with Iran that has closed the Strait of Hormuz, and the figures describe a long-run level.
Reality
A projection of $3.4 trillion over ten years averages about $340bn a year. The Congressional Budget Office's more than $1 trillion of offsetting program savings rests partly on Medicaid work requirements most states do not start until 2027.
Reality
A senior House Republican says the payroll tax cap, now $184,500, is on the table, but he wants a higher retirement age and means-testing in the same package, which is the actual price of the trade.
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Six exempt projects in 2020 became 27 by 2024 while the state's own agency stopped reporting an annual revenue-loss figure in FY2023, which is the one number a legislature would need to defend the program or repeal it.
Reality
The tally is one minister's readout of a closed two-day session, not a signed communique. Importers now have to decide how much of it to price as nineteen separate duty schedules arriving over the next year.
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Washington's 9.9%, Maine's 2% and California's proposed 5% one-time billionaire levy give residency modelling real inputs. The retroactive start dates mean the window to react has already closed.
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Wood Mackenzie puts the 2026 industry windfall at $495 billion above pre-war expectations. Two of the three bills in Congress tax the Brent price rather than profit, which changes the shape of the trade.
Reality
The Treasury paid out $71.2 billion in tariff refunds across May and June against $45.6 billion collected, per Tax Foundation figures. The deficit case for the import taxes now runs backwards.
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A Tax Foundation analysis puts a decade of deficit reduction from taxing carried interest as ordinary income at $16.3 billion, and at $6.1 billion once behavior adjusts.
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