Search

Introduction The Economy and Long-Term Growth Short-Term Economic Growth Economy-Wide Supply and Demand Fiscal Policy: Taxes Monetary Policy: Federal Funds Rate The Dollar and Exchange Rates The Labor Market Acronyms [...]

SUMMARY R48153 August 13, 2024 P.L. 115-97, commonly referred to as the Tax Cuts and Jobs Act (TCJA), made significant changes impacting taxes on new investment. Some provisions enacted by [...]

Contents Introduction Profit Shifting: Methods and Evidence Methods Evidence The OECD/G20 Pillar 2 Proposal Overview of the Minimum Tax The Top-Up Tax Treatment of Credits, Grants, Deductions, and Losses The [...]

Updated January 5, 2023 Economic activity and longer-term growth are of concern to policymakers due to the connection between the economy's performance and the overall well-being of Americans. This In [...]

February 18, 2022 Introduction Home prices have been rising over the past decade, with the rise accelerating during the COVID-19 pandemic (see Figure 1). Policymakers and the public have expressed [...]

Updated December 21, 20221 Contents Introduction Profit Shifting: Methods and Evidence Methods Evidence The OECD/G20 Pillar 2 Proposal Overview of the Minimum Tax The Top-Up Tax Treatment of Credits, Grants, [...]

Updated January 13, 2022 As a result of the COVID-19 pandemic, economic activity declined rapidly in the United States in early 2020 before rebounding and surpassing pre-pandemic levels in the [...]

Contents Tables Table 1. Subtitle E--Infrastructure Financing and Community Development Table 2. Subtitle F--Green Energy Table 3. Subtitle G--Social Safety Net Table 4. Subtitle H--Responsibly Funding Our Priorities Contacts Author [...]

December 21, 2021 Focus on rising consumer prices has increased amid the latest data release from the Bureau of Labor Statistics showing that the inflation rate, as measured by the [...]

A proposal to require financial institutions to report information to the Internal Revenue Service (IRS) on personal and business accounts has garnered significant publicity and congressional attention. The proposal is [...]

The article focuses on housing affordability concerns in the 118th Congress, with topics including proposed legislation on tax, housing assistance, and specific population needs such as rural and Native American housing. Congress also addresses funding implementation from previous sessions and ongoing concerns like housing quality, disaster response, and fair housing issues.

Contents Tables Table 1 Subtitle B: Retirement Table 2 Subtitle F: Infrastructure Finance and Community Development Table 3 Subtitle G: Green Energy Table 4 Subtitle H: Social Safety Net Table [...]

August 25, 2021 Overview The extent to which the government should collect data on and require reporting of cryptocurrency ('crypto') transfers has been the focus of recent policy discussions. Both [...]

April 6, 2021 Assuming public health continues to improve, many economists project rapid economic growth in 2021. The unprecedented fiscal and monetary stimulus in response to the COVID-19 pandemic is [...]

January 5, 2021 Contents Tables Table 1. Provisions in the COVID-Related Tax Relief Act of 2020 Table 2. Estimated Cost of the COVID-Related Tax Relief Act of 2020 Table 3. [...]

Updated January 8, 2021 Contents Introduction Housing and Mortgage Market Conditions Owner-Occupied Housing Markets and the Mortgage Market House Prices Interest Rates Homeownership Affordability Home Sales Housing Inventory and Housing [...]

Updated January 4, 2021 As a result of the Coronavirus Disease 2019 (COVID-19) pandemic, economic activity declined rapidly in the United States in early 2020 and remains below pre-pandemic levels, [...]

Updated December 9, 2020 Contents Introduction S Corporations Sole Proprietorships Partnerships S Corporations Limited Liability Companies 199A Deduction Figures Figure 1. Distribution of Business Tax Returns Filed in 2013 Figure [...]

Updated October 26, 2020 Congress continues to consider proposals intended to alleviate the economic effects associated with the Coronavirus Disease 2019, or COVID-19, pandemic. One such proposal, the Health and [...]

Updated October 19, 2020 Contents Tax Treatment of NOLs Permanent Law and Temporary CARES Act Revisions Proposed Heroes Act Changes Brief Legislative History An Example The Economics of NOLs Investment, [...]

August 10, 2020 On June 8, 2020, the National Bureau of Economic Research (NBER), an independent, nonprofit research group, officially declared that the U.S. economy entered a recession in February [...]

March 16, 2020 A number of industries may suffer losses in 2020 as a result of the coronavirus disease 2019 (COVID-19) outbreak. The travel and tourism industry, and restaurant industry, [...]

The article discusses the U.S. Congressional Research Service and focuses on the housing affordability in the 118th Congress, driven by rising prices, rents, and mortgage rates. It reports that congress is exploring proposals like tax changes, modifications to housing assistance programs, and monitoring funding for housing initiatives. It mentions that congress oversees executive branch actions related to housing, disaster response, and fair housing issues.

Homeownership is frequently argued to produce a number of benefits for individuals and society. As a result, subsidies for homeownership--tens of billions of dollars annually--are popular among policymakers and the [...]

Updated August 21, 2019 Economists and financial markets closely monitor interest rates in hopes of gleaning information about the path of the economy. One measure of particular interest is the [...]

July 15, 2019 Income Share Agreements (ISAs) have received attention as an alternative to student loans for financing higher education expenses. Purdue University's 'Back a Boiler' program has perhaps received [...]

June 20, 2019 Contents Introduction Effective Countercyclical Fiscal Policy Countercyclical Versus Growth-Oriented Policies Potential Countercyclical Fiscal Policy Tools Automatic Stabilizers Individual Tax Relief Lump -Sum Rebates Making Work Pay Tax [...]

R45693 April 17, 2019 This report provides an introduction to the general tax equity financing mechanism. The term tax equity investment describes transactions that pair the tax credits or other [...]

Contents Introduction Housing and Mortgage Market Conditions Owner-Occupied Housing Markets and the Mortgage Market Rental Housing Markets Housing Finance Issues in the 115th Congress Financial 'Regulatory Relief' Legislation and Housing [...]

The article focuses on low-income housing tax credit (LIHTC) program is the federal government's primary policy tool for encouraging the development and rehabilitation of affordable rental housing. It mentions program awards developers federal tax credits to offset construction costs in exchange for agreeing to reserve a certain fraction of units that are rent-restricted for lower-income households. It also mentions developers would otherwise have to secure and allows tax credit.

The article looks at a report which presents information and research on the U.S. corporate income tax to help policymakers understand and evaluate policies to modify it. It mentions second concerns the global push for increased international tax coordination led by the Organisation for Economic Co-operation and Development (OECD) and G20. It also mentions multilateral framework may affect U.S. corporate tax revenue, employment, and investment.

July 16, 2018 Federal corporate tax returns are confidential and protected from public disclosure under Section 6103 of the Internal Revenue Code (IRC), as enacted by the Tax Reform Act [...]

Updated March 15, 2018 Contents Introduction Tax Treatment of Business Income Comparing the Size of Pass-Throughs and Corporations Distribution of Firms by Number of Employees Distribution of Employees by Firm [...]

The article looks at a 2021 Rental Housing Finance Survey (RHFS) which examine the profile of investors that owned rental housing in 2020 in the U.S. It mentions 2021 RHFS provides information on the rental housing stock in 2020, including information on ownership, management, housing configuration and amenities, finances, and government subsidies. It also mentions real estate investment trusts (REITs) and real estate corporations combined to own 1.2 percent of rental properties.

The article discusses a report of Congressional Research Service (CRS) on the federal individual income tax terms. Topics include procedure for filing the income tax in United States, like process of determining one's income tax on the Form 1040; broadest measure of income used for tax purposes; and how deductions can be claimed while filing the taxation.

December 22, 2017 H.R. 1 was passed in both the House and the Senate on December 20, 2017 (before the final version was passed, this bill was called the Tax [...]

October 4, 2017 Contents Overview Current Law Brief Legislative History An Example Policy Options and Considerations Extend the Carryback Period Pay Interest on Losses Carried Forward Tax Refund for Losses [...]

February 28, 2017 Contents Introduction Tax Reform in the 115th Congress Legislative Proposals Reform the Income Tax System Replace the Income Tax System Other Tax Reform Proposals Tax Reform in [...]

Updated February 21, 2017 Contents Introduction Overview of Housing and Mortgage Market Conditions Owner-Occupied Housing Markets The Home Mortgage Market Rental Housing Markets Assisted Housing Issues HUD's 50th Anniversary Appropriations [...]

The article discusses the laws governing taxation of corporate income in a global economy in the U.S. Topics discussed include growth in the globalization of U.S. economic activity; growing importance of intangible assets, and basic principles of international income taxation; and rules to address profit shifting.

Updated December 21, 2016 Contents Introduction Worldwide Versus Territorial Taxation Deferral, Subpart F Income, and Active Financing The Foreign Tax Credit Cross-Crediting Profit Shifting Base Erosion and Profit Shifting (BEPS) [...]

Updated June 24, 2016 Contents Determinants of Growth The Growth Record Pre-Crisis Post-Crisis What Has Caused Slow Growth Since 2008? Role of the Financial Crisis/Deleveraging Hysteresis Secular Stagnation Temporary Headwinds [...]

Updated April 24, 2015 Contents Introduction Cash and Accrual Accounting Legislative History Recent Legislative Proposals Policy Considerations Allow All Small Businesses to Use Cash Accounting Increase the Average Gross Receipts [...]

The article presents a report of the U.S. Congressional Research Service, that talks about several income tax provisions that expired in 2020 that were extended or made permanent by the Taxpayer Certainty and Disaster Tax Relief Act of 2020. It mentions about several provisions enacted initially in the Coronavirus Aid, Relief, and Economic Security (CARES) Act for 2020 were extended through 2021.

Updated December 1, 2014 Contents Structure of the Corporate Income Tax Corporate Tax Rates Corporate Tax Expenditures Treatment of Losses Corporate Income Earned Abroad Taxation of Shareholders Which Companies Pay? [...]