Brief

This brief walks through the current federal income tax rate structure, its history, and some proposed changes.

January 18, 2017
Richard C. Auxier
Brief

Encouraging and strengthening marriage continues to move up the U.S. social policy agenda. This analysis uses nationally representative data on cohabiting couples with children from the 2002 round of the National Survey of America's Families (NSAF) to assess marriage penalties or bonuses facing...

April 25, 2005
Elaine Maag,
Brief

This essay is the tenth in a twelve-essay colloquium on the effect of low interest rates on the economy. To read other essays in the series, click here. The original version of this paper was...

December 11, 2016
Alan J. Auerbach, William G. Gale, Aaron Krupkin
Brief

Two primary wage-support policies help low-income families: the minimum wage and targeted tax credits. Since 1997, when Congress last raised the minimum wage, the real value of the minimum wage has fallen about 20 percent because of inflation, while the earned income tax credit (EITC) and child...

December 28, 2006
Elaine Maag
Brief

We usually think of lame ducks as politicians who have lost influence to their successors, but the next president could enter office with his or her influence already lost to his or her predecessors. The growing revenues that accompany economic growth traditionally provide a way for government...

November 3, 2016
C. Eugene Steuerle, Maya MacGuineas, Tyler Evilsizer, Caleb Quakenbush
Brief

The US tax system provides a deduction for charitable giving, but only for the 25 percent of taxpayers who itemize deductions on their tax returns. Accordingly, advocates for the charitable sector have at times proposed to extend a deduction to itemizers and nonitemizers alike. Today these...

October 25, 2016
Joseph Rosenberg, C. Eugene Steuerle, Joycelyn Ovalle, Philip Stallworth
Brief

This brief analyzes seven options for Child Tax Credit reform that would (1) make the CTC more consistent with other parts of the tax code; (2) target additional benefits to young children; or (3) broadly increase the credit for most current recipients.

October 19, 2016
Elaine Maag, Elena Ramirez
Brief

Nearly all state tax commissions—independent groups that study and make recommendations for improving a state’s tax system—are tasked with improving economic development within the state. Their report introductions include phrases such as “growth-friendly,” “unleash innovation,” and “optimum...

October 16, 2016
Richard C. Auxier
Brief

Tax policy is one of the most challenging and controversial components of state governance. Determining how and from whom to collect revenue involves questions of equity, fairness, efficiency, and simplicity. As a result, states often create special tax commissions before attempting major tax...

October 16, 2016
Richard C. Auxier
Brief

This paper gives an overview of the methodology behind the short- and long-run dynamic scoring of Hillary Clinton’s and Donald Trump’s tax plan proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on...

September 16, 2016
Benjamin R. Page, Kent Smetters