What Is Stepped-Up Basis on Capital Gains and How Does It Affect the Federal Budget?
The step-up in basis is a provision in tax law that relates to how assets — such as stocks, bonds, or real estate — are valued and taxed after their owner passes away.
Read MoreHow Much Government Spending Goes to Children?
Interest costs on the national debt are expected to rapidly outstrip spending on children in coming years.
Read MoreBudget Basics: Medicaid
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
Read MoreSome Tax Provisions Are Expiring in 2025 — Here’s What Experts Think About Them
The TCJA lowered taxes for millions of households and made filing simpler for many — all while making the country’s fiscal outlook worse.
Read MoreSwing State Voters Want Harris and Trump to Give Detailed Plans for Shoring Up Social Security
The majority of voters in key battleground states say it’s important for presidential candidates to have a plan to prevent automatic cuts to Social Security.
Read MoreSolutions for Medicare Sustainability
Seven leading policy organizations put forward proposals to strengthen Medicare’s fiscal outlook while maintaining quality of care.
Read MoreWhat Is the Carried Interest Loophole, and Why Is It So Difficult to Close?
The treatment of carried interest continues to be one of the most controversial elements of the U.S. tax code.
Read MoreWithout Reform, Social Security Could Become Depleted Within the Next Decade
As the largest program in the federal budget, Social Security is a critical part of our nation’s fiscal picture and vital to millions of elderly recipients.
Read MoreWhat Is Site Neutrality and Could It Help Reduce Healthcare Costs?
While the quality of care is often the same in non-hospital versus hospital settings, the prices charged for treatment in hospitals is higher.
Read MoreHow Does the Capital Gains Tax Work Now, and What Are Some Proposed Reforms?
While the capital gains tax affects anyone selling a capital asset, higher-income individuals are typically subject to the tax more so than average Americans.
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