Press Release
Tax Revenues to More Than Double by 2023, While Top Tax Rates Hit Highest Level Since 1986
Feb 13, 2013-- On January 1, 2013, taxes went up by $4.2 trillion, as Clinton-era policies snapped back into place. On January 2, however, Congress cut taxes by $3.6 trillion, permanently cementing into law the vast majority of the temporary tax cuts first enacted in 2001 and 2003. So, where does this leave American tax policy? Answer: still in need of reform. Last week, the Congressional Budget Office (CBO) rel... more