Tax Policy Center


State and Local Issues: TaxVox
State policymakers are increasingly using “triggers” to pass big tax cuts while ducking tough decisions on how to pay for them. They are bad tax policy. Naturally, they are incredibly popular. Here’s how a tax trigger works: A state cuts taxes over a period of years. There may be an initial tax cut
September 24, 2015Norton Francis
: TaxVox
Redesign the EITC to help more low-income workers. TPC’s Elaine Maag thinks that’s the way to go. She explains in her new paper : “A worker credit based on individual earnings, and not contingent on having children at home, could provide substantial benefits to all low-income workers, ease
May 21, 2015Renu Zaretsky
: TaxVox
Be careful what you wish for. Businesses have backed an overhaul of the US tax code for quite some time, but their tune changes when it comes to corporate tax reform in other countries. The Base Erosion and Profit Shifting project, or BEPS, is an effort by the Organization for Economic Cooperation
May 14, 2015Renu Zaretsky
: TaxVox
There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school
April 22, 2015Renu Zaretsky
: TaxVox
There’s a bipartisan House effort to double the federal gas tax. It would raise the 18.4 cents-per-gallon tax to about 30 cents, would be inflation adjusted, and would rise again in three years if Congress does not find another way to pay for federal transportation projects. The bill’s sponsors—
April 17, 2015Renu Zaretsky
Individual Taxes: TaxVox
The idea is straight out of Economics 101: If you want people to do less of something, raise the price. And California desperately needs its residents and businesses to use less water. So rather than trying to curb water use through a complex maze of regulation, why not just raise the price though
April 7, 2015Howard Gleckman
: TaxVox
The Senate GOP budget is out. It would cut spending by $5.1 trillion and reach balance in 10 years , according to its dynamic score. Like the House budget released Tuesday, it would repeal the Affordable Care Act, but unlike the House plan, it includes reconciliation instructions that could give
March 19, 2015Renu Zaretsky
: TaxVox
Pot tax refunds for all in Colorado? Colorado’s controversial Taxpayer Bill of Rights (TABOR) says that the state cannot keep more tax revenue than it expected to collect in the year it levies a new tax. Colorado is on track to collect an extra $219 million in revenue in the current fiscal year and
March 3, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring. California was one of the first states in the nation to undertake dynamic revenue estimation of tax proposals. In 1994, governor Pete Wilson (R) signed Senate Bill 1837, which required the Department of Finance to prepare
March 2, 2015Brad Williams
: TaxVox
Washington Governor Jay Inslee proposes a statewide cap and trade program. The Democrat released details of his carbon pollution market program that would give the state’s Department of Ecology authority to set annual goals aimed at reducing emissions to half of 1990 levels. Inslee would extend the
January 5, 2015Renu Zaretsky