The Internal Revenue Service does not ask tax filers about their race and ethnicity . But the US tax code can still widen racial income...

A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...

With Congress in the midst of an intense debate over a big new tax and spending bill, policymakers are battling over the costs and economic...

The Tax Policy Center has traditionally measured the macroeconomic effects of tax changes based on historical experience and empirical estimates from the economics literature. But...

Former Vice President Joe Biden’s tax proposals would have only modest effects on the economy, according to a new report by the Tax Policy Center (TPC).

The Coranavirus Aid, Relief, and Economic Security (CARES) Act expansion of Unemployment Insurance (UI) benefits is likely to cost far more than Congress’s original estimate...

Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...

Participants at a May 23 event on the effects of the Tax Cuts and Jobs Act (TCJA) on economic growth broadly agreed that the 2017...

Proponents of the Tax Cut and Jobs Act (TCJA) claimed it would boost the US economy and generate higher incomes for the American people. At...

In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...

For all the hype about more take-home pay, new corporate investment, and bonuses in the wake of the Tax Cuts and Jobs Act (TCJA), what...

The Tax Cuts and Jobs Act (TCJA) affects the after-tax income of households in two ways: directly through the individual income tax and indirectly through...

In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...

The Senate version of the Tax Cuts and Jobs Act (TCJA) would increase Gross Domestic Product modestly until 2025, and by less after many of...

In principle, well designed tax cuts can increase US investment and lending by foreigners which can, in turn, increase the aggregate US capital stock and,...

President Trump and his top economic advisers often argue that a major tax reform would permanently boost the nation’s economic growth rate to 3 percent...

A new “dynamic” analysis (one that includes macroeconomic effects) finds that tax cuts consistent with what the Trump Administration outlined in April would reduce federal...

House Republicans are pushing for quick passage of The American Health Care Act (AHCA), which would modify or repeal many aspects of the Affordable Care...

Incorporating the macroeconomic effects of the tax plans of Hillary Clinton and Donald Trump has little effect on their revenue implications, according to updated analyses...