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Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe

Sep 22, 2021 | Taxes

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion piece for The Hill, an excerpt of which is below. 

As policymakers work to offset $3.5 trillion or more of new spending and tax breaks, everything must be on the table: tax increases, spending cuts, shrinking the size of the bill — everything.

But there is one obvious way to help fund the package that won’t raise anyone’s taxes, won’t shrink any spending programs and has an at least 40-year history of bipartisan support. It’s called closing the tax gap.

Read the entire piece here

Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.