In a deal that secured Kevin McCarthy the speakership, House Republicans plan to vote on the FairTax Act of 2023 (H.R. 25), which would...

Most years, the Tax Policy Center celebrates Valentine Day with a whimsical analysis of the costs and benefits—tax-wise—of marriage. What’s new this year is that...

Congress should eliminate the debt ceiling this year. It serves no useful purpose. It doesn’t contribute to fiscal discipline, and breaching it entails large, potentially,...

Recent analysis by the nonpartisan Joint Committee on Taxation (JCT) shows the impact of several tax pieces included in the Inflation Reduction Act (IRA). The...

Congress has a chance to reduce child poverty by about one-third by making permanent the Child Tax Credit (CTC) that was in effect during 2021...

Corporate tax revenues boomed in 2021 and some supporters of the 2017 Tax Cuts and Jobs Act argue that the big tax reductions in the...

Debates about corporate income tax cuts follow a familiar script. Republicans claim that rank-and-file workers benefit . Democrats argue that affluent shareholders reap the gains...

As the April 18 deadline for filing income tax rapidly approaches, many people will complain about how complicated the process is. But there is a...

In a new paper , we show that more than half of the income generated by closely held businesses (that is, firms other than corporations)...

Over the past three decades, the United States has gone from taxing roughly half of closely held business (that is, firms other than corporations) and...

The murder of George Floyd, in May 2020, sparked a national reckoning and renewed attention to issues of racial equity and justice. This long-overdue awakening...

As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly...

Saving for retirement is a risky endeavor. A key factor driving the shift over the past four decades from defined benefit (DB) pension plans to...

Not only do many American fail to save enough for retirement, but many workers are plagued by a different, but related problem: They have collected...

You don’t have to be a mechanic to drive a car, and you shouldn’t have to be a financial expert to prepare for a secure...

The 2017 Tax Cut and Jobs Act (TCJA) was built on the idea that lower business and corporate tax rates, new domestic investment incentives, and...

The Tax Cut and Jobs Act (TCJA) of 2017 created the most substantial changes in business taxation in decades. But in a new analysis, published...

Last week, Congress and President Trump enacted the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, the largest aid package in American history...

The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...

A new book by economists Emmanuel Saez and Gabriel Zucman, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay,...

Martin Feldstein, who died earlier this week, was an intellectual giant who transformed modern public finance and tax policy analysis. He also was a kind,...

In my new book, Fiscal Therapy: Curing America’s Debt Addiction and Investing in the Future , I show how to reduce federal debt in 2050...

As April 15 approaches, it is fashionable to complain about how complicated the tax system is. And it is. But it’s time to recognize that,...

A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...

Were you surprised that the 2017 tax overhaul, commonly referred as the Tax Cuts and Jobs Act (TCJA), did not increase revenues in 2018? Probably...