The Tax Cuts and Jobs Act of 2017 (TCJA) dramatically changed tax law, including how taxpayers deduct the interest on their home mortgages. It narrowed the deduction in several ways, so we would expect new mortgages to be smaller than old ones. But it also raised most taxpayers’ after-tax...
The Tax Cuts and Jobs Act of 2017 (TCJA) dramatically changed tax law. It narrowed the subsidy on mortgage interest in several ways, which should lower mortgages and home prices; it also increased most taxpayers’ after-tax incomes, which should have the opposite effect. Thus, the TCJA’s overall...
At the start of 2020, Governor Jared Polis organized a Tax Study Group and charged it with analyzing the efficiency and equity of Colorado’s tax system. Over the course of the year, the Tax Study Group held five learning sessions. Throughout this process, the Urban Institute’s State and Local...
In the face of a looming shutdown of the federal government last week, Congress passed, and the president signed, legislation providing funding through September 30,...
