Bill Gale discusses the current tax reform initiatives by Congress and the Administration and outlines some issues Republicans may face when trying to pass tax legislation in this...
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...
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 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 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...
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...
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...
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...
Can Republicans Thread the Needle on Tax Policy?
Bill Gale discusses the current tax reform initiatives by Congress and the Administration and outlines some issues Republicans may face when trying to pass tax legislation in this...
Potential Linkages between a U.S. Carbon Tax and the Earned Income Tax Credit
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...
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...
A Repatriation Tax on Foreign Income of US-Based Multinational Corporations
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...
Updated: Who Gains and Who Loses under the Better Care Reconciliation Act
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...
The Implications of What We Know and Don’t Know about President Trump’s Tax Plan
The Trump administration released an outline of...
Tax Policy Outside of the Emerald City
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...
Who Gains and Who Loses under the Better Care Reconciliation Act
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...
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...