Research report

Presidential candidate Ted Cruz’s tax proposal would (1) repeal the corporate income tax, payroll taxes for Social Security and Medicare, and estate and gift taxes; (2) collapse the seven individual income tax rates to a single 10 percent rate, increase the standard deduction, and eliminate most...

February 16, 2016
Joseph Rosenberg, James R. Nunns, Leonard E. Burman, Daniel Berger
Research report

Marco Rubio’s tax proposal would convert the federal income tax into a consumption tax by not taxing investment income of individuals and by converting the corporate income tax into a cash-flow consumption tax. It would replace most deductions and exemptions with a universal credit; eliminate...

February 11, 2016
Elaine Maag, Roberton C. Williams, Jeffrey Rohaly, James R. Nunns
Research report

Many elected officials emphasize reforms that would promote opportunity, but until they define how success would be measured, progress is unlikely. The federal government is scheduled to spend close to $15,000 more per household annually in another 10 years, but little of that increase goes to...

April 27, 2016
C. Eugene Steuerle
Research report

A longstanding concern of state and local governments is that a federal value-added tax (VAT) could shrink sales tax bases. But a federal VAT could have even bigger effects on other revenues and spending through changes in incomes, relative prices, and asset values. To illustrate the range of...

April 21, 2016
James R. Nunns, Eric Toder
Research report

Under current law, a large share of tax benefits for retirement saving accrues to high-income employees. We simulate the short- and long-term effect of three policy options for flattening tax incentives and increasing retirement savings for low- and middle-income workers. Our results show that...

June 30, 2014
Barbara Butrica, Benjamin H. Harris, Pamela Perun, C. Eugene Steuerle
Research report

Presidential candidate Bernie Sanders proposed a financial transaction tax to finance universal access to higher education. TPC estimated that it would raise $52 billion in its first year while Pollin, Heintz, and Herndon estimated it would raise $300 billion. This brief reconciles those...

April 12, 2016
James R. Nunns
Research report

This short guide explains how the Tax Policy Center calculated the distributional effects of Governor Pawlenty’s tax reform proposals.

June 10, 2011
TPC
Research report

In his campaign for the Republican presidential nomination, Mitt Romney has proposed permanently extending the 2001–03 tax cuts, further cutting individual income tax rates, broadening the tax base by reducing tax preferences, eliminating taxation of investment income of most individual...

March 1, 2012
TPC
Research report

In his campaign for the Republican presidential nomination, Rick Santorum has proposed permanently extending the 2001–10 tax cuts and further reducing individual income taxes, cutting the corporate income tax rate in half, eliminating the estate tax, and repealing the alternative minimum tax and...

January 18, 2012
TPC
Research report

Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax.” Based...

October 18, 2011
TPC