Tax Policy Center

Tax Policy Center

Federal Budget and Economy: TaxVox

The Fiscal Disarmament Of President Trump and the GOP

President Trump, who sees himself as the toughest guy in the room, is, along with his GOP allies in Congress, disarming the federal government’s ability...
February 14, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

How The Tax Cuts and Jobs Act Evolved

The Tax Cuts and Jobs Act that Congress passed on Dec. 22 was quite different from the tax cuts proposed by the Trump Administration last...
December 28, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The TCJA Would Cut Taxes By An Average of $1,600 in 2018, With Most Benefits Going To Those Making $300,000-Plus

The conference agreement on the Tax Cuts and Jobs Act would reduce taxes by about $1,600 on average in 2018, with the biggest benefit going...
December 18, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The Final Tax Bill Falls Far Short Of President Trump’s Campaign Promises

The Final Tax Bill Falls Far Short Of President Trump’s Campaign Promises The final version of the Tax Cuts and Jobs Act that Congress is...
December 18, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

TPC Creates Some Examples Of How Families Would Fare Under The House And Senate Tax Bills

The House and Senate versions of the Tax Cuts and Jobs Act would change the tax bills of households in very different ways. To show...
December 13, 2017Howard Gleckman
Business Taxes: TaxVox

The Senate’s Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers

The Senate’s Tax Cuts and Jobs Act (TCJA) could reduce taxes by nearly three times as much for business owners in 2019 as for people...
December 13, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

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

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
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