This working paper describes the method the Tax Policy Center (TPC) has used to enhance its tax microsimulation model to enable analysis of the distributional effects of tax policies by race and ethnicity. It also presents preliminary results using the enhanced model. Like microsimulation models...
Medicare faces serious short-term and long-term financial pressures. This report examines the revenue and distributional effects of options to increase revenues for Medicare and discusses their relative pros and cons. We use the Tax Policy Center microsimulation model to estimate the effect of...
NOTE: This is an updated version of the analysis published November 10, 2020.1
The Tax Policy Center (TPC) has analyzed the macroeconomic effects of the tax proposals that President Joe Biden advanced during his 2020 presidential campaign. We find the...
This report describes the Tax Policy Center (TPC) Microsimulation Model’s revamped health module. The TPC tax model uses the health module for simulating tax expenditures for health care, analyzing changes in the tax treatment of employer-provided health benefits, and evaluating health-related...
In this report, we compare revenue equivalent alternatives to the $10,000 annual limit on the state and local tax (SALT) deduction enacted in the 2017 Tax Cuts and Jobs Act (TCJA). We consider options that would limit all itemized deductions, not just the SALT deduction, and an additional option...
In this brief, we estimate the revenue and distributional effects of former vice president Joe Biden’s 2020 campaign tax proposals, based on information released by the Biden campaign and conversations with campaign staff. We analyze Biden’s proposals as of February 23, 2020...
This brief examines major tax expenditures for health care under current law and analyzes three potential reforms to the tax exclusion for employer-sponsored health insurance (ESI) premiums. We use the Tax Policy Center microsimulation model’s revamped health module as well as health insurance...
How could new tax revenues ease Medicare’s substantial financial pressures? And how would those tax hikes affect federal revenues and the distribution of tax burdens...
When Congress enacted the American Rescue Plan (ARP), it included an implicit deal: It agreed to reduce the level of additional future weekly federal unemployment...
In its end-of-2019 budget agreement, Congress repealed three sizeable excise taxes included in the 2010 Affordable Care Act (ACA): a tax on high-cost employer-provided health...
On Monday, House Republicans introduced legislation to repeal and replace the Affordable Care Act (ACA). In addition to major revisions to Medicaid and other parts...
The comprehensive tax reform plan recently released by House Ways & Means Committee Chair Dave Camp (R-MI) contains a noteworthy proposal to reform tax benefits...
