income tax cuts

States Can Help Reduce the Burdens of Harmful Fines and Fees. Here’s How.

Thanks to surging tax revenues and an unprecedented infusion of federal aid, many states cut taxes over the past two years by lowering individual income tax rates, expanding tax credits, or sending one-time checks to residents. But there is another way states can use these funds: reduce or eliminate some local criminal legal fines and fees.

September 27, 2022Aravind Boddupalli Kim S. Rueben

Individual Taxes: TaxVox

A tax cut in exchange for more federal debt? Some taxpayers consider the tradeoff

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

Clinton and Sanders Take Two Different Paths to Taxing the Rich

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

On Flat Taxes, Tax Relief, and Evidence

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

The Senate Keeps Working...

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