Tax Policy Center

Experts

Jeffrey Rohaly

Principal Research Associate

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Research report

This paper analyzes presidential candidate Jeb Bush’s tax proposal. It would reduce individual and business marginal tax rates, curtail tax expenditures, and convert the corporate income tax into a cash-flow consumption tax. The proposal would cut taxes at all income levels, reducing federal...

December 8, 2015
Leonard E. BurmanWilliam G. GaleJohn IselinJames R. NunnsJeffrey RohalyJoseph RosenbergRoberton C. Williams
Brief

Using the latest long-term budget projections from the Congressional Budget Office, we project that individual income tax revenues under current law will increase as a share of GDP from a little over 9.5 percent in 2025 to a little less than 13.3 percent in 2090, an increase of over 3.7...

September 1, 2015
James R. NunnsJeffrey Rohaly
Research report

Senator Mike Lee's Family Fairness and Opportunity Tax Reform Act (S.1616) would significantly expand tax benefits for children, repeal the alternative minimum tax, and repeal the Affordable Care Act surtaxes on earnings and net investment income. To partially offset the cost of these provisions...

March 4, 2014
Leonard E. BurmanElaine MaagGeorgia IvsinJeffrey Rohaly
Research report

The fiscal cliff debate culminated in the passage of the American Taxpayer Relief Act of 2012 (ATRA). ATRA makes permanent most of the tax cuts enacted in 2001 and 2003, permanently patches the alternative minimum tax, extends for five years the enhancements to individual income tax credits...

January 8, 2013
James R. NunnsJeffrey Rohaly
Research report

Currently, taxpayers can deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. In addition, taxpayers can deduct interest on up to $100,000 in home equity loans or other loans secured by their properties...

August 16, 2011
Daniel BanemanHang NguyenJeffrey RohalyEric Toder
Research report

This analysis measures the revenue and distributional impacts of three proposals to limit tax expenditures for higher-income households: the Obama Administration's plan to cap the value of itemized deductions at 28 percent; an effective minimum tax (EMT) to ensure that tax liability is at least...

August 2, 2011
Daniel BanemanJames R. NunnsJeffrey RohalyEric ToderRoberton C. Williams
Research report

About 46 percent of American households will pay no federal individual income tax in 2011, roughly half of them because of structural features of the income tax that provide basic exemptions for subsistence level income and for dependents. The other half are nontaxable because tax expenditures...

July 27, 2011
Rachel M. JohnsonJames R. NunnsJeffrey RohalyEric ToderRoberton C. Williams
Research report

Continuation of current U.S. fiscal policy will lead to an enormous accumulation of debt with potentially disastrous economic consequences. Exacerbated by the recent economic turmoil and fueled by the willingness of creditors to lend at very low interest rates, there is signifi cant risk that...

September 1, 2010
Leonard E. BurmanKatherine LimJeffrey RohalyJoseph Rosenberg
Research report

The Wyden-Gregg tax reform proposal would represent a broad reform of the federal income tax system. This paper examines the plan's impact on individuals' effective marginal tax rates (EMTR), the incremental amount of tax owed on an additional dollar of income. We examine the impact on the EMTR...

July 14, 2010
Katherine LimJeffrey Rohaly