Brief

This paper reflects on changes in tax policy in past decades and predicts how tax policy may change under a new president in 2017. The author examines the potential of implementing a carbon tax as a means to raise government revenue and reduce carbon gas emissions.

March 1, 2016
William G. Gale
Brief

This brief builds on work that examines replacing the current formula for calculating Pell grant eligibility with one that uses only a few family characteristics. Using data from the 2011–12 National Postsecondary Student Aid Study, we compare our original two-factor model with Financial Aid...

April 7, 2016
Kim S. Rueben, Sarah Gault, Sandy Baum
Brief

The federal child tax credit provides a credit of up to $1,000 per child under age 17; the refundable portion of the credit, which is crucial for low-income families, is limited to 15 percent of earnings above a defined threshold. That threshold is set to increase from $3,000 to almost $15,000...

December 9, 2015
Elaine Maag
Brief

The massive financial market failures that led to the Great Recession have prompted renewed calls for a financial transaction tax (FTT) to discourage excessive risk taking and recoup the costs of the crisis. A well-designed FTT could raise up to about 0.4 percent of GDP ($75 billion in 2017) in...

January 20, 2016
Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal
Brief

How should governments use the considerable revenue carbon taxes can raise? There are many options for cutting other taxes, increasing spending, or reducing borrowing. We organize the options into four goals: offset the new burdens that a carbon tax places on consumers, producers, communities,...

February 22, 2016
Donald Marron, Adele C. Morris
Brief

There is widespread agreement that the college financial aid system is too complicated and acts as a barrier to higher education. This brief focusses on how eight different simplification proposals for determining Pell grant eligibility and three alternatives for calculating Effective Family...

November 10, 2015
Kim S. Rueben, Sarah Gault, Sandy Baum
Brief

This brief looks at the Workforce Innovation and Opportunity Act of 2014 (WIOA) and its emphasis on coordination between economic development and workforce development programs. In fact, one WIOA’s main purposes is to better align workforce and economic development systems, more tightly...

October 9, 2015
Lauren Eyster
Brief

Access to financing is critical to businesses small and large looking to start new ventures, expand existing ones, or relocate facilities. When cost-effective financing is unavailable for worthy projects, state governments can and do step in to help. Governments use their power and their...

February 28, 2016
Norton Francis
Brief

The federal income tax system provides substantial benefits to families with children. In 2013, the Tax Policy Center estimates that five major child-related tax benefits the earned income tax credit (EITC), the child tax credit, the child and dependent care tax credit, the dependent exemption,...

January 27, 2014
Elaine Maag
Brief

State governments often use their tax system to partner with the private sector on economic development initiatives. A key part of their economic development strategy, states use tax incentives as one tool of economic development to compete with other states and globally for investment, jobs,...

February 28, 2016
Norton Francis