Tax Policy Center

income tax cuts

Individual Taxes: TaxVox
Without offsetting spending cuts that President-elect Trump has yet to describe, his plan offers a giant tax cut that the US can’t readily afford. Would it be worth it?
December 7, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
Let’s say you’re a Democrat who wants to raise taxes on rich people. It turns out there are two very different ways to do it: The direct, simple, in-your-face Bernie Sanders version and the indirect, complicated, back-door Hillary Clinton model. I’m not talking about the magnitude of their
March 7, 2016Howard Gleckman
: Daily Deduction
Flat tax chatter: Just small talk or a deeper conversation? The Hill examines GOP presidential hopefuls Rand Paul and Ted Cruz and their ideas for an across-the-board tax rate. A flat tax will disproportionately benefit higher earners, and even some in the GOP say that makes it a non-starter. But
April 21, 2015Renu Zaretsky
: TaxVox
Still on deck in the Senate: It is expected this week to renew dozens of expired tax breaks, including tax cuts for business research, wind power, and foreign profits. It’s worth remembering that if a $42 billion package like this gets passed every year , the federal deficit could grow by $800
December 16, 2014Renu Zaretsky