This paper examines, individually and jointly, an excise tax on carbon and an expansion of EITC benefits to childless workers. We estimate how an illustrative tax of $32 per ton of CO2 from fossil fuel combustion would burden households differentially across the income distribution, how it could...
Mark Mazur, director of the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Comprehensive Tax Reform: Prospects and Challenges." Mazur presented the three principles of tax policy, reviewed lessons from previous reform efforts, and...
This paper presents estimates of the macroeconomic effects, and resulting dynamic impact on revenues, of the House GOP tax plan announced in June 2016. The estimates were produced in two ways. One set of estimates uses a combination of TPC’s Keynesian model (to project short-run effects on...
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...
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...
On April 26, 2017, the White House released a brief outline of its proposed “2017 Tax Reform for Economic Growth and American Jobs.” This short paper lays out what we know about the Administration’s tax plan as well as preliminary suppositions about unspecified components. This work will form...
To help understand the policy considerations surrounding the taxation of pass-through businesses and the implications of potential reforms, here are nine facts about pass-throughs and the current U.S. approach to taxing business.
Territorial tax systems require clear rules to distinguish between taxable domestic and exempt foreign-source income. Defining the source of a multinational company’s profits is difficult, however, especially for profits that are attributable to intangible assets. Shifting of reported profits to...
A U.S. Carbon Tax and the Earned Income Tax Credit
This paper examines, individually and jointly, an excise tax on carbon and an expansion of EITC benefits to childless workers. We estimate how an illustrative tax of $32 per ton of CO2 from fossil fuel combustion would burden households differentially across the income distribution, how it could...
Comprehensive Tax Reform
Mark Mazur, director of the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Comprehensive Tax Reform: Prospects and Challenges." Mazur presented the three principles of tax policy, reviewed lessons from previous reform efforts, and...
The Implications of What We Know and Don’t Know about President Trump’s Tax Plan
The Trump administration released an outline of...
Dynamic Analysis of the House GOP Tax Plan: An Update
This paper presents estimates of the macroeconomic effects, and resulting dynamic impact on revenues, of the House GOP tax plan announced in June 2016. The estimates were produced in two ways. One set of estimates uses a combination of TPC’s Keynesian model (to project short-run effects on...
Taxes and Income Inequality
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...
How Would Repeal of the State and Local Tax Deduction Affect Taxpayers Who Pay the AMT?
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...
What is Known about Donald Trump's Tax Plan?
On April 26, 2017, the White House released a brief outline of its proposed “2017 Tax Reform for Economic Growth and American Jobs.” This short paper lays out what we know about the Administration’s tax plan as well as preliminary suppositions about unspecified components. This work will form...
9 Facts About Pass-Through Businesses
To help understand the policy considerations surrounding the taxation of pass-through businesses and the implications of potential reforms, here are nine facts about pass-throughs and the current U.S. approach to taxing business.
An Analysis of the House GOP Tax Plan
This research report was originally published by the Columbia Journal of Tax Law. The publication is updated version of, "An Analysis of the...
Is a Territorial Tax System Viable for the United States?
Territorial tax systems require clear rules to distinguish between taxable domestic and exempt foreign-source income. Defining the source of a multinational company’s profits is difficult, however, especially for profits that are attributable to intangible assets. Shifting of reported profits to...