May 9, 2018
By roughly doubling the standard deduction and limiting the deduction from federal taxable income of state and local taxes (SALT), the Tax Cut and Jobs...
April 23, 2018
When Congress passed the Tax Cuts and Jobs Act (TCJA) in December, it forced states to confront major tax policy issues of their own ,...
April 20, 2018
In red states like Oklahoma , Kentucky , and West Virginia , teachers forced legislators to confront how low-tax policies have starved their education systems...
April 23, 2018
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,...
April 19, 2018
The Tax Cuts and Jobs Act made many changes to the individual income tax. In particular, the child tax credit (CTC) was increased to provide...
April 18, 2018
My home state of Maryland has agreed to give Amazon as much as $5.6 billion in state tax breaks, nearly $1 billion in local tax...
April 17, 2018
When Congress passed the Tax Cuts and Jobs Act (TCJA) last December, it may have seemed like the end of a major policy initiative. But,...
April 12, 2018
On April 11, I testified before the congressional Joint Economic Committee on whether the Tax Cuts and Jobs Act (TCJA) will help Unleash… America’s Economic...
April 12, 2018
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,...
April 10, 2018
The headline from the updated budget and economic outlook released yesterday by the Congressional Budget Office was no surprise: The combination of the tax cuts...