Tracy Gordon, a senior fellow at the Urban Institute and the Urban-Brookings Tax Policy Center, spoke before the New Democrat Coalition 21st Century Task Force on October 4, 2017. She shared four things that Congress may want to keep in mind when considering changes to infrastructure policy....
Entrepreneurs create successful enterprises that generate substantial value through the innovations they introduce. They typically must wait many years before their firms generate net operating profits. The tax system favors entrepreneurial activity by allowing deferral of tax on the accrual of...
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...
To help analysts craft next year’s state budgets, and to help reporters explain them and the public understand them, we compiled the Urban Institute’s and the Tax Policy Center’s best state-focused research in one place. The research in this compendium will help analysts better evaluate agency...
Distributional analyses play a prominent role in policy discussions. Both tax and transfer policy have important distributional consequences, but traditionally they have been examined separately. This report describes a new methodology for integrated distributional analysis that imports results...
This analysis was updated on October 27, 2017 to incorporate dynamic scoring results.
The Tax Policy Center has produced preliminary estimates of the potential impact of proposals included in the “Unified Framework for Fixing Our Broken Tax Code.” We find they would reduce...
Eric Toder distinguishes the difference between tax reform and tax cuts and in this article, originally published on August 22, 2017 in the Harvard Business Review online.
Donald Marron, Institute Fellow at the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Business Tax Reform." Marron presented seven main points about business tax reform based on the proposals that have been discussed by the Congress...
California’s new EITC provides an opportunity to consider whether
or not the design characteristics of the federal EITC, which most
states have simply replicated, should be reconsidered—either by
states acting on their own or perhaps by the federal government itself ...
In this exercise, TPC estimates the revenue and distributional effects of proposals that would eliminate income tax expenditures to finance lower individual and corporate tax rates and reduce the federal budget deficit.
This paper provides results for three proposals: (1) eliminate...
Four Considerations for Infrastructure Policy
Tracy Gordon, a senior fellow at the Urban Institute and the Urban-Brookings Tax Policy Center, spoke before the New Democrat Coalition 21st Century Task Force on October 4, 2017. She shared four things that Congress may want to keep in mind when considering changes to infrastructure policy....
How Do We Tax the Income of Entrepreneurs?
Entrepreneurs create successful enterprises that generate substantial value through the innovations they introduce. They typically must wait many years before their firms generate net operating profits. The tax system favors entrepreneurial activity by allowing deferral of tax on the accrual of...
How Should Tax Reform Treat Employee Stock and Options?
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...
Prepping for the 2018 Legislative Session
To help analysts craft next year’s state budgets, and to help reporters explain them and the public understand them, we compiled the Urban Institute’s and the Tax Policy Center’s best state-focused research in one place. The research in this compendium will help analysts better evaluate agency...
A Methodology for Integrated Distributional Analysis of Taxes and Transfers
Distributional analyses play a prominent role in policy discussions. Both tax and transfer policy have important distributional consequences, but traditionally they have been examined separately. This report describes a new methodology for integrated distributional analysis that imports results...
A Preliminary Analysis of the Unified Framework
This analysis was updated on October 27, 2017 to incorporate dynamic scoring results.
The Tax Policy Center has produced preliminary estimates of the potential impact of proposals included in the “Unified Framework for Fixing Our Broken Tax Code.” We find they would reduce...
The U.S. Needs Tax Reform, Not Tax Cuts
Eric Toder distinguishes the difference between tax reform and tax cuts and in this article, originally published on August 22, 2017 in the Harvard Business Review online.
Business Tax Reform
Donald Marron, Institute Fellow at the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Business Tax Reform." Marron presented seven main points about business tax reform based on the proposals that have been discussed by the Congress...
Upward Mobility and State-Level EITCs Evaluating California’s Earned Income Tax Credit
California’s new EITC provides an opportunity to consider whether
or not the design characteristics of the federal EITC, which most
states have simply replicated, should be reconsidered—either by
states acting on their own or perhaps by the federal government itself
...
The Tax Reform Tradeoff: Eliminating Tax Expenditures, Reducing Rates
In this exercise, TPC estimates the revenue and distributional effects of proposals that would eliminate income tax expenditures to finance lower individual and corporate tax rates and reduce the federal budget deficit.
This paper provides results for three proposals: (1) eliminate...