Tax Cuts and Jobs Act

Only 1,700 Estates Would Owe Estate Tax in 2018 Under the TCJA

The House and Senate versions of the Tax Cuts and Jobs Act would reduce the number of taxable estates by about two-thirds in 2018, and...

December 6, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

How would the TCJA treat my family? The same, but different

Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.

December 6, 2017Renu Zaretsky

Federal Budget and Economy: TaxVox

Is Infrastructure A Bridge Too Far?

President Trump wants to do something about infrastructure. As a presidential candidate, he decried the state of American roads, bridges, transit, and airports, comparing the...

December 5, 2017Tracy Gordon

Campaigns, Proposals, and Reforms: TaxVox

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act The Senate’s version of the Tax Cut and Jobs Act (TCJA) is a big,...

December 5, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Despite Many Changes, The Senate’s Tax Cut Still Mostly Benefits Business and High-Income Households

Though the Senate made dozens of changes to the Tax Cuts and Jobs Act (TCJA) before passing the measure early Saturday morning, the bill’s overall...

December 4, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

TPC Finds The Senate Finance Panel’s Tax Cut Would Generate Little Economic Growth

The Senate Finance Committee version of the Tax Cuts and Jobs Act would increase Gross Domestic Product modestly until 2025, and by even less after...

December 1, 2017Howard Gleckman

: TaxVox

Comparing the House and Senate Tax Cut Bills to the GOP Presidential Campaign Promises

The New York Times reports that some Republican senators are clamoring for larger tax cuts, especially for pass-through business income. The Times says that while...

November 30, 2017Eric Toder

: TaxVox

How Congress Violates Its Own Goals for Tax Reform

Bismarck is credited with the warning: “If you like laws and sausages, you should never watch either one being made.” It is never truer than...

November 29, 2017C. Eugene Steuerle

: TaxVox

What Congressional Tax Cutters Can Learn From Kansas

As the House and Senate rush to complete a tax bill that will do little to improve the economy, it is worth looking at another...

November 29, 2017William G. Gale

Individual Taxes: TaxVox

What Will Lawmakers Do If They Can’t Add New Itemized Deductions?

Despite all their rhetoric about closing special interest loopholes, politicians love nothing more than delivering federal largesse to favored constituents. But with new spending programs...

November 28, 2017Howard Gleckman