Congressional Research Service Reports - 33 Matching Results

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Residential Energy Tax Credits: Overview and Analysis

Description: This report discusses current residential energy tax credits, options to extend or modify them, and an analysis of their effectiveness.
Date: April 9, 2018
Creator: Crandall-Hollick, Margot L. & Sherlock, Molly F.
Partner: UNT Libraries Government Documents Department
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Small Business Tax Relief: Proposals in the 108th Congress and Their Economic Justification

Description: This report examines the economic arguments for and against small business tax subsidies in the context of current congressional proposals to expand them. It begins with a brief description of current federal tax subsidies for small firms, moves on to consider the principal economic arguments for and against these subsidies, and concludes with a discussion of proposals in the 108th Congress to expand small business tax subsidies and their likely economic effects.
Date: May 9, 2003
Creator: Guenther, Gary
Partner: UNT Libraries Government Documents Department
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Major Tax Issues in the 108th Congress

Description: Tax policy is frequently considered by policymakers as a tool for boosting economic performance in various ways, and the likely economic effects of tax policy are often hotly debated. A brief overview of the current economic context is thus a good starting point for looking at tax issues facing the current Congress. This report provides an overview of major tax issues. The report begins by describing three aspects of the economic context in which the tax policy debate during 2004 is likely to o… more
Date: September 9, 2004
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
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Farm Legislation and Taxes in 2007

Description: No Description Available.
Date: November 9, 2007
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
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The Alternative Minimum Tax for Individuals: Legislative Activity in the 110th Congress

Description: This report discusses the legislative activity in the 110th Congress related to the alternative minimum tax (AMT), which was originally enacted to ensure that all taxpayers, especially high-income taxpayers, pay at least a minimum amount of federal taxes.
Date: October 9, 2008
Creator: Maguire, Steven & Teefy, Jennifer
Partner: UNT Libraries Government Documents Department
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Tax Reform in the 114th Congress: An Overview of Proposals

Description: This report provides background information regarding tax reform and discusses ways to make the U.S. tax system simpler, fairer, and more efficient.
Date: July 9, 2015
Creator: Sherlock, Molly F. & Keightley, Mark P.
Partner: UNT Libraries Government Documents Department
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Addressing the Long-Run Budget Deficit: A Comparison of Approaches

Description: The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policy making. On August 2, 2011, Congress adopted, and the President signed, the Budget Control Act (BCA; P.L. 112-25), which might be viewed as an initial step in addressing long-run debt issues. This report examines alternative approaches to reducing the deficit, relating to the immediate issues arising from the BCA and the extended tax cuts… more
Date: December 9, 2014
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
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Tax Havens: International Tax Avoidance and Evasion

Description: The federal government loses both individual and corporate income tax revenue from the shifting of profits and income into low-tax countries, often referred to as tax havens. The revenue losses from this tax avoidance and evasion are difficult to estimate, but some have suggested that the annual cost of offshore tax abuses may be around $100 billion per year. Recent actions by the Organization for Economic Cooperation and Development (OECD) and the G-20 industrialized nations have targeted tax … more
Date: July 9, 2009
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
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State and Local Sales and Use Taxes and Internet Commerce

Description: In theory, state sales and use taxes are based on the destination principle, which prescribes that taxes should be paid where the consumption takes place. States are concerned because they anticipate gradually losing more tax revenue as the growth of Internet commerce allows more residents to buy products from vendors located out-of-state and evade use taxes. The size of the revenue loss from Internet commerce and subsequent tax evasion is uncertain. Congress is involved in this issue because c… more
Date: March 9, 2006
Creator: Maguire, Steven
Partner: UNT Libraries Government Documents Department
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Charitable Choice, Faith-Based Initiatives, and TANF

Description: This report is one in the series of reports that discusses the Charitable Choice Act of 2001 (Title II of the House bill) and its rules, as well as the charitable choice laws, and other areas of this program.
Date: August 9, 2004
Creator: Burke, Vee
Partner: UNT Libraries Government Documents Department
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Charitable Choice, Faith-Based Initiatives, and TANF

Description: This report is one in the series of reports that discusses the Charitable Choice Act of 2001 (Title II of the House bill) and its rules, as well as the charitable choice laws, and other areas of this program.
Date: August 9, 2004
Creator: Burke, Vee
Partner: UNT Libraries Government Documents Department
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State and Local Sales and Use Taxes and Internet Commerce

Description: In theory, state sales and use taxes are consumption taxes based on the destination principle. The destination principle prescribes that taxes should be paid where the consumption takes place. Sales taxes collected at the point of sale achieve this if consumption takes place near the point of transaction. Thus, to remain consistent with the destination principle, consumers pay a use tax on products purchased out-of-state and used in their home state where consumption likely takes place.
Date: March 9, 2006
Creator: Maguire, Steven
Partner: UNT Libraries Government Documents Department
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The Effects of Indexation on Tax Revenues and Distributional Effects of the U.S. Individual Income Tax System: A Historical Simulation

Description: This report compares the actual tax revenues and distribution of the tax burden under the Federal individual income tax from 1971 to 1981 with estimates of what they would have been under the 1971 tax structure if indexed for inflation and under the 1971 tax structure if left unchanged. Policy implications of the comparison are discussed.
Date: June 9, 1983
Creator: Kiefer, Donald W.
Partner: UNT Libraries Government Documents Department
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Income Tax Relief in Times of Disaster

Description: In response to the devastation caused by Hurricane Katrina, disaster areas have been designated in 64 parishes in Louisiana, 52 counties in Mississippi, six counties in Alabama, and three counties in Florida. Special provisions are available for taxpayers to help recover from the impact of a disaster.
Date: September 9, 2005
Creator: Jackson, Pamela J.
Partner: UNT Libraries Government Documents Department
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Charitable Choice, Faith-Based Initiatives, and TANF

Description: The 108th Congress has resumed efforts to pass tax incentives for private giving (S. 476, passed by the Senate on April 9, and H.R. 7, introduced May 7, 2003). However, these bills do not contain provisions intended to promote religious organizations as providers of federally funded social services – charitable choice provisions.. The House voted in 2001 to extend charitable choice rules, which now apply to a limited set of programs, to numerous new programs (H.R. 7 in the 107th Congress), as t… more
Date: May 9, 2003
Creator: Burke, Vee
Partner: UNT Libraries Government Documents Department
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An Analysis of the Tax Treatment of Capital Losses

Description: This report provides an overview of issues related to the tax treatment of capital losses. It explains the current income tax treatment of losses, describes the historical treatment of losses, provides examples of the tax gaming opportunities associated with the net loss deduction, examines the distributional issues, and discusses the possible stimulative effects of an increase in the net loss deduction.
Date: October 9, 2002
Creator: Esenwein, Gregg A. & Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
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Economic Analysis of the Charitable Contribution Deduction for Non-Itemizers

Description: This report summarizes the provisions affecting charitable contribution deductions of individuals, and then analyzes the incentive such a deduction would create for increased charitable giving beginning with the original proposal for a relatively low cap and then considering other approaches including the current one. It does not attempt to estimate other types of societal impacts. The non-itemizer’s charitable deduction was the single most important tax provision in the original version of H.R… more
Date: September 9, 2003
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
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2001 Tax Cut: Description, Analysis, and Background

Description: A major tax cut, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA), was enacted in June 2001. This report summarizes the provisions of the bill, analyzes effects, and considers the development of the legislation.
Date: December 9, 2002
Creator: Brumbaugh, David L.; Gravelle, Jane G.; Maguire, Steven; Talley, Louis Alan & Lyke, Bob
Partner: UNT Libraries Government Documents Department
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