Basics

Most of the issues facing our country are multi-faceted and extraordinarily complex. Insert politics into the equation, and the complexity increases exponentially. In order to understand these policy issues and the various perspectives around them, members of Congress, the public, industry and nonprofits must first have a basic knowledge that is rooted in fact. With our Basics series, Center Forward presents complicated issues in a non-partisan and easy-to-understand manner that provides decision makers with alternative viewpoints.


View the PDF version. Overview When the Tax Cuts and Jobs Act (TCJA) passed in 2017, it included new limitations on the tax deduction for interest expense for businesses. The legislation capped the deduction at 30 percent of adjusted taxable…

Read Post

View the PDF version. Overview Millions of students take out federal and private student loans every year to attend college and graduate school. 56% of bachelor’s degree recipients from public and private non-profit four-year colleges and universities graduated with at…

Read Post

View the PDF version. Overview It has been more than a decade since Congress last passed an increase in the federal minimum wage, which is currently $7.25 per hour. The most recent change was made in 2007. This basic will…

Read Post

View the PDF version. Overview Carried interest is a frequently discussed aspect of limited partnerships — a type of partnership frequently used for the purpose pooling together capital to invest. While the focus is often on the financial sector, carried…

Read Post

View the PDF version. Overview In June 2021, the House Judiciary Committee introduced a series of bills focusing on antitrust regulation and reform. These bills generally seek to increase the authority of U.S. antitrust agencies, prevent companies from acquiring other…

Read Post

View the PDF version. Overview Every day small business owners face many challenges such as economic uncertainty and insufficient access to capital. These businesses have also been disproportionately impacted by the COVID-19 pandemic. When first starting their businesses, up to…

Read Post

View the PDF version. Overview In recent years, Washington has focused increasingly on avoiding impending deadlines that require more immediate legislative action. The federal government reaching the statutory debt limit—often called “the debt ceiling”—has become one of these simultaneously dramatic…

Read Post

View the PDF version. Overview In the 2017 Tax Cuts and Jobs Act (TCJA), Congress included a new minimum tax for base erosion payments paid or accrued in taxable years. This tax, known as Base Erosion and Anti-Abuse Tax (BEAT),…

Read Post

View the PDF version. Overview Small businesses are the backbone of the U.S. economy and crucial to the nation’s economic recovery, but they have been severely impacted by the COVID-19 pandemic and the accompanying economic downturn. They face many challenges…

Read Post

View the PDF version. Overview Medicare Advantage (MA) plans cover 26 million beneficiaries or 41 percent of all Medicare-eligible beneficiaries in the nation. MA is available to 99 percent of Medicare beneficiaries who find this program better meets their health,…

Read Post

View the PDF version. Overview In the 2017 Tax Cuts and Jobs Act (TCJA), Congress included a new minimum tax on United States companies’ foreign income known as global intangible low-taxed income (GILTI) and a one-time toll tax on prior…

Read Post

View the PDF version. Overview With the successful development of safe and effective vaccines to combat the COVID-19 pandemic available for use, the federal government has partnered with health care providers and pharmacies to ensure the vaccine is effectively distributed…

Read Post

JOIN THE CENTER