Brief

The Tax Policy Center has released distributional estimates of the Senate version of the Tax Cuts and Jobs Act as passed by the Senate Finance Committee on November 16, 2017. We find the bill would reduce taxes on average for all income groups in both 2019 and 2025. In general, higher income...

November 20, 2017
TPC Staff
Brief

The Tax Policy Center has released new distributional estimates of the Tax Cuts and Jobs Act to reflect the bill as passed by the Committee on Ways and Means of the US House of Representatives on November 9, 2017. The changes from the bill as originally introduced have a relatively minor effect...

November 13, 2017
TPC Staff
Brief

NOTE: This is a corrected version of the analysis originally published November 6, 2017.

The Tax Policy Center has produced preliminary distributional estimates of the Tax Cuts and Jobs Act as introduced on November 3, 2017. We find the legislation would reduce...

November 8, 2017
TPC Staff
Brief

This brief documents how the US tax system treats the most common forms of equity compensation, including stock, restricted stock units, and stock options. In most cases, these forms of equity compensation are taxed just like cash wages, salaries, and bonuses. Employees pay ordinary income taxes...

October 4, 2017
Donald Marron
Brief

This brief summarizes, individually and jointly, an excise tax on carbon and an expansion of EITC benefits to childless workers. We find that although in principle a carbon tax that lowers wages could affect EITC benefits and thus impact low-to-moderate income households, the likely magnitude of...

July 31, 2017
Aparna MathurAdele C. Morris
Brief

This year, Congress will consider what may be the biggest tax bill in decades. This is one of a series of briefs the Tax Policy Center has prepared to help people follow the debate. Each focuses on a key tax policy issue that Congress and the Trump administration may address. This brief...

July 17, 2017
Eric Toder
Brief

On July 11, 2017, we released our analysis of the distributional effects of the tax and health care benefit changes that would occur under the proposed Better Care Reconciliation Act (BCRA). On July 13, the Senate leadership introduced a modified version of the bill. Here, we update our previous...

July 15, 2017
Linda J. BlumbergMatthew BuettgensJohn HolahanGordon B. Mermin
Brief

The proposed Better Care Reconciliation Act (BCRA) would repeal large portions of the Affordable Care Act (ACA), including most of its sources of revenue, and it would significantly change the Medicaid program and the private nongroup insurance market. We use the Urban-Brookings Tax Policy...

July 12, 2017
Linda J. BlumbergMatthew BuettgensJohn HolahanGordon B. MerminPhilip Stallworth
Brief

The relationship between tax cuts and economic growth has been the subject of much discussion and debate at the state and federal level. A number of states have reduced taxes to spur economic growth. In this article the Brookings Institution’s William G. Gale and Aaron Krupkin, and the Urban...

July 12, 2017
William G. GaleAaron KrupkinKim S. Rueben
Brief

This brief explores what makes people perceive their taxes as “fair.” We worked with the news website Vox to produce a short quiz about tax knowledge, which we used to test whether drawing readers’ attention to certain aspects of the tax code changed their opinions about the fairness of their...

March 27, 2017
Vanessa Williamson