Brief

In recognition of the important work family caregivers do, the Economic Security Project (ESP) has proposed that they be eligible for the cost-of-living refund, an expansion of the earned income tax credit (EITC). Among other changes to the EITC, the cost-of-living refund would extend benefits...

January 31, 2020
Elaine MaagMelissa M. FavreaultNikhita Airi
Brief

Congress and the president have put the federal budget on track for unsustainable and rising deficits without end. Mandatory spending programs—those that continue automatically without new appropriations—are expanding at a faster rate than discretionary spending programs, while total spending...

January 27, 2020
Erald KolasiC. Eugene Steuerle
Brief

Tax expenditures are the revenue losses attributable to special provisions in tax laws that reduce taxes for certain sources or uses of income or for certain groups of taxpayers. They are called tax expenditures because many of them effectively serve the same function as direct spending programs...

January 22, 2020
Frank SammartinoEric Toder
Brief

The 2017 Tax Cuts and Jobs Act reduced tax expenditures but by much less than the Tax Reform Act of 1986, relative to the size of the economy. In this report, we review the major changes from the new law to individual (nonbusiness) and business tax expenditures. The former category includes tax...

January 22, 2020
Frank SammartinoEric Toder
Brief

In this brief, we consider both personal and business income tax expenditures at the state level. We use California, Massachusetts, Minnesota, and the District of Columbia as examples. We separate tax expenditures into those that occur because of conformity with federal tax provisions and those...

January 17, 2020
Aravind BoddupalliFrank SammartinoEric Toder
Brief

The Urban-Brookings Tax Policy Center (TPC) is a research center providing the public with rigorous, independent analysis of tax policy issues. We receive hundreds of queries from students, journalists, and policymakers each year, and even more during presidential campaign season. This document...

January 14, 2020
Mark J. Mazur
Brief

This brief examines major tax expenditures for health care under current law and analyzes three potential reforms to the tax exclusion for employer-sponsored health insurance (ESI) premiums. We use the Tax Policy Center microsimulation model’s revamped health module as well as health insurance...

January 13, 2020
Gordon B. MerminMatthew BuettgensClare Wang PanRobin Wang
Brief

Until now TPC’s basic distributional analysis did not separately examine charitable contributions. As part of this research project, we have created a new module that extends the capacity of our microsimulation model to simulate the effect of proposed policy changes on charitable contributions....

December 23, 2019
Robert McClellandC. Eugene SteuerleChenxi Lu
Brief

This chartbook explores the implications of current-law income tax incentives for charitable donations along with several alternatives for tax deductions that are more universally available.

November 12, 2019
Robert McClellandC. Eugene SteuerleChenxi LuAravind Boddupalli
Brief

Unemployment Insurance (UI) serves a core purpose that is intuitive for both economists and noneconomists: it provides insurance against the risk of job loss. Because employment is the only or primary source of income for most families, job loss often delivers a financial blow that would be...

October 28, 2019
Ryan NunnDavid Ratner