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Policy
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July 1, 2024
Protecting Taxpayers’ Wallets Act
Attached is a legislative proposal under the working title “Protecting Taxpayers’ Wallets Act.” This proposal charges federal unions for using agency resources—principally employee duty time spent performing union activities. If enacted, the proposal would have direct and significant fiscal effects in the budget window under a conventional scorekeeping basis.
Policy
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July 1, 2024
The Tax Cuts and Jobs Act Reduced Tax Itemization Complexity and Improved Data Security Across All 50 States
The Tax Cuts and Jobs Act of 2017 (TCJA) contained numerous provisions that simplified the tax code, such as nearly doubling the standard deduction and improving taxpayer data security by the IRS requiring less information from taxpayers. The changes combined dramatically reduced the number of taxpayers who itemize their tax returns
Policy
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July 1, 2024
IRS Data Liabilities, Budget Costs, and the Inflation Reduction Act of 2022
IRS Data Liability Risk From The Inflation Reduction Act Could Lead To Large Budgetary Costs. The Inflation Reduction Act (IRA) increases the risk of unauthorized disclosures of taxpayer data that could lead to large statutory and punitive damages for the government not included in Congressional Budget Office (CBO) estimates.
Policy
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July 1, 2024
TCJA Expiration Would Increase Tax Burden on American Families
The Tax Cuts and Jobs Act (TCJA) of 2017 included numerous provisions that significantly reduced the tax burden of the previous tax code on American families. Some provisions are scheduled to expire after 2025 unless a new law is enacted to make those temporary provisions permanent. American families are poised to face a significant tax hike in 2026 once TCJA provisions expire.
Fact Sheet
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June 27, 2024
Debate Prep: What to Watch For
Debunking Expected Myths at the Debate. MYTH: The economy was poor when President Biden took office. FACT: Inflation was only 1.4%, and gas cost $2.39 when Biden took office. The unemployment rate had dropped by more than half from its COVID-19 peak. The unemployment rate is currently higher right now under Biden than it was under Trump before the pandemic.
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