Tax Policy Center


Research report

The 2017 Tax Cuts and Jobs Act (TCJA) sharply reduced effective corporate income tax rates on equity-financed US investment. This paper examines the reform’s impact on US inbound foreign direct investment (FDI) and investment in property, plant and equipment (PPE) by foreign-owned US companies....

May 12, 2022
Thornton MathesonAlexander KlemmLaura PowerThomas Brosy

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...

July 21, 2021
Benjamin R. PageJeffrey RohalyThornton MathesonGordon B. MerminJason DeBackerRichard Evans
Research report

This technical brief describes the Tax Policy Center’s international investment and capital model (IICM) of cross-border tax rates. The Devereux-Griffith effective tax rate model underlying the IICM is explained in detail, and preliminary model outputs—effective marginal and average tax rates on...

April 28, 2021
Thornton Matheson

NOTE: This is a corrected version of the analysis originally published October 15, 2020.

This brief updates estimates of the revenue and distributional effects of former vice president Joe Biden’s 2020 campaign tax...

November 6, 2020
Gordon B. MerminJanet HoltzblattSurachai KhitatrakunChenxi LuThornton MathesonJeffrey Rohaly
Research report

This report describes the Tax Policy Center’s (TPC’s) improved methodology for analyzing the taxation of pass-through income (income generated through business activities that is taxed at the individual level). Under current law, certain types of pass-through income are taxed at different rates...

August 19, 2020
Benjamin R. PageJeffrey RohalyThornton Matheson

This chartbook explores the implications of the tax-advantaged treatment of pass-through income enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). Section 199A of the TCJA allows a deduction from taxable income of 20 percent of certain pass-through income. We look specifically at the...

July 15, 2020
Benjamin R. PageJeffrey RohalyThornton MathesonAravind Boddupalli

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...

March 5, 2020
Gordon B. MerminSurachai KhitatrakunChenxi LuThornton MathesonJeffrey Rohaly

From TaxVox