Congress passed the House reconciliation bill or “One Big Beautiful Bill Act” by a one-vote margin. The bill’s dozens of ...

Anew budget proposal that would impose new restrictions on the federal Child Tax Credit could eliminate the benefit for millions of U.S. citizens or legally resident children, policy experts have said ...

A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, ...

As the Washington, D.C. region heads toward a likely recession, local policymakers will need to look to new revenue sources ...

It boggles the mind that the state legislature would just keep kicking the can down the road, and you have a crisis on your hands,” said Rita Jefferson, an analyst with the Institute on Taxation and ...

In this report, the Congressional Budget Office estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023.

Our tax policies enable people like Elon Musk and Donald Trump to accumulate more wealth than anyone could ever use in a ...

Carl Davis, research director at the Institute on Taxation and Economic Policy, says the program is generous – to say the least. “A dollar-for-dollar charitable donation tax credit is unprecedented at ...

The Congressional Budget Office published its latest estimate of the Republicans’ One Big Beautiful Bill Act on Wednesday. The results are gruesome.

Now as more GOP tax cuts for the rich move through Congress, history is poised to repeat itself. The bill would ...

States use the final hours of their legislative sessions to address deficits and preserve revenue in preparation for the ...