Budget Matters Blog


Should We Reform the Home Mortgage Interest Deduction? Three Different Views from Our Readers

After we published a blog piece on the Home Mortgage Interest Deduction (HMID) this summer, several people wrote in to tell us how this tax break affected their lives.


Poll: Americans Want Wealthiest to Pay More in Taxes

A new poll just released by Americans for Tax Fairness found that 65 percent of voters across the country want the top 2 percent to pay more in taxes


The Budget Committee Is Stuck. Give Them A Push.

News reports this morning indicate that the congressional budget conference committee is making little progress in negotiations toward a compromise spending plan for 2014. Let's give them a nudge in the direction of the people's priorities: Sign our petition to the budget committee and ask legislators to listen to the ...


FAQ: Corporate Tax Breaks and Tax Reform

Imagine that tax day rolls around and – instead of paying any taxes at all – Uncle Sam sends you a check for millions or even billions of dollars.


The Tax Break for Hedge Fund Managers

The "carried interest rule" allows certain people, such as hedge fund managers, who earn money by investing other people’s money to pay a lower tax rate than many people who earn a living from wages.


Big Tax Breaks Equal Big Cash for the Top 1%

The tax code is so full of tax breaks that this year will cost the federal government more than $1 trillion – as much as all discretionary spending in the federal budget. Tax breaks are all different kinds of credits, deductions, and exclusions that allow people to reduce the amount they ...


The Big Money in Tax Breaks: Top 3 Tax Breaks in 2013

If the U.S. Treasury estimated that something cost the government $1.13 trillion (that's $1,130,000,000,000) in 2013 alone, would you want to know about it?


Secret Tax Reform

The public won't know which lawmakers requested which reforms for 50 years.


The Home Mortgage Interest Deduction: Who Benefits?

When Chris and his wife decided to buy a house, the Home Mortgage Interest Deduction allowed them to buy their dream home.


Hot Summer Budget Battle #3: Tax Breaks

It’s sexier than you think. Tax breaks might not be your first thought for hot summer beach reading, but what we’re really talking about are big piles of cash.