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...

As the partial shutdown of the federal government enters its 17th day, the stakes are rising. Shutdowns have numerous negative economic and political effects, but...

The return of divided government and the early stages of the next presidential election create enormous uncertainty about how 2019 will go. As Yogi Berra...

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest tax overhaul in the United States in...

Proponents of the Tax Cut and Jobs Act (TCJA) claimed it would boost the US economy and generate higher incomes for the American people. At...

CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...

On the surface, CBO’s new projections of the federal debt and deficits over the next 10 years paint a troubling picture. But, dig deeper and...

The Tax Cuts and Jobs Act (TCJA) will cut taxes by almost $1.5 trillion over the next decade, largely benefiting corporations, pass-through businesses such as...

The centerpiece of the new tax law is a cut in the corporate tax rate from 35 percent to 21 percent. Proponents promise the lower rate will bring jobs and investment to the United States and boost economic growth significantly.

The House and Senate have passed different versions of the Tax Cuts and Jobs Act (TCJA). Both bills would reduce federal revenues by more than...

As the House and Senate rush to complete a tax bill that will do little to improve the economy, it is worth looking at another...

The Trump Administration claims that the tax cut going through the House and Senate will significantly boost the overall growth rate of the U.S. economy...

At the core of the political debate over the Tax Cuts and Jobs Act is an intense and sometimes emotional argument over who benefits. Not...

Later this week, the House will vote on its version of the Tax Cuts and Jobs Act (TCJA). The bill advertises a top individual income...

The House Ways & Means Committee’s proposed tax bill is routinely described as a $1.5 trillion tax cut. But to understand why the GOP is...

The new bill introduced by the House Ways and Means Committee would significantly downsize the mortgage interest deduction. Although this is sure to cause controversy,...

The House Ways and Means committee released its long-anticipated tax proposal yesterday, the Tax Cut and Jobs Act (TCJA). The plan offers a sweeping set...

The GOP tax reform proposal may limit contributions to traditional 401k plans, while continuing to allow contributions to Roth accounts. It is borrowing in disguise--intended to skirt the borrowing limits in the congressional budget resolution--and may also undermine workers' retirement security.