Tax Cuts and Jobs Act

Who Would Benefit From Restoring The Full CTC, EITC, and The TCJA’s Business Tax Breaks?

This blog has been revised, reflecting TPC’s recalculated analysis of proposals to reduce business taxes that are under discussion in Congress. TPC’s initial analysis over-estimated...

December 7, 2022Howard Gleckman

Individual Taxes: TaxVox

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...

November 30, 2022Howard Gleckman

Individual Taxes: TaxVox

TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels

After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain...

October 27, 2022Howard Gleckman

Individual Taxes: TaxVox

Comparing The Fiscal Costs Of Tax Breaks For Children Versus Businesses

As the year winds down, Congress will need to decide what to do on several tax fronts, including whether to extend more favorable treatment of...

October 17, 2022Elaine Maag Thornton Matheson

Federal Budget and Economy: TaxVox

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next?

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next? Conservative Democrat Joe Manchin (D-WV) may have effectively sealed the fate of President Biden’s...

July 19, 2022Howard Gleckman

Federal Budget and Economy: TaxVox

How the TCJA Affected the Housing Market

When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...

March 30, 2022Robert McClelland Livia Mucciolo

State and Local Issues: TaxVox

Congress Should Do More Than Block Tax-Exempt Bonds For Pro Sports Stadiums

Virginia’s efforts to subsidize a stadium and mixed-use commercial development for Dan Snyder and his Washington Commanders NFL football team would be a foolish waste...

March 4, 2022Howard Gleckman

Individual Taxes: TaxVox

The Profound Philosophical Disagreement Over The Refundable Child Tax Credit

Often, tax policy debates can be settled by splitting the difference. You like a tax rate of 28 percent. I prefer 20 percent. Let’s settle...

January 28, 2022Howard Gleckman

Individual Taxes: TaxVox

Only The Rich Can Play: A Cautionary Tale Of Who Really Benefits From Tax Subsidies

A prediction: When Congress finally passes the Build Back Better bill, Hill leaders will quietly slip in at least one obscure, last-minute tax break to...

December 1, 2021Howard Gleckman

State and Local Issues: TaxVox

Gaming The SALT Cap May Be Congress’s Worst Tax Idea Of The Year

Ever since Congress capped the state and local tax (SALT) deduction in 2017, a small group of Blue State Democrats has demanded the cap’s repeal...

October 27, 2021Howard Gleckman