Federal Budget and Economy: TaxVox

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...
November 17, 2021Benjamin R. Page
: Daily Deduction

A Vote on BBB This Week? Maybe?

BBB finally hits the House floor.
November 17, 2021Renu Zaretsky
: Daily Deduction

Waiting For CBO’s Score…

CBO promises a full score of Build Back Better by Friday.
November 16, 2021Renu Zaretsky
: Daily Deduction

Schedule Shake Up Shifts Senate’s Spending Bill Vote

House Democrats hope to vote on Build Back Better this week.
November 15, 2021Renu Zaretsky
Family holdings of retirement assets vary widely by race and ethnicity. In 2019, the median White family had $80,000 in retirement holdings, whereas the median Latino family and median Black family each had less than half that amount.
November 15, 2021
State and Local Issues: Distribution Tables by Income Level

T21-0278 - Increase Limit on Deductible State and Local Taxes (SALT) to $80,000, by Expanded Cash Income Level, 2021

Table shows the change in the distribution of federal taxes relative to current law from raising the limit on deductible state and local taxes (SALT) from $10,000 to $80,000, by expanded cash income level in 2021.
November 12, 2021
State and Local Issues: Distribution Tables by Income Percentile

T21-0279 - Increase Limit on Deductible State and Local Taxes (SALT) to $80,000, by Expanded Cash Income Percentile, 2021

Table shows the change in the distribution of federal taxes relative to current law from raising the limit on deductible state and local taxes (SALT) from $10,000 to $80,000, by expanded cash income percentile in 2021.
November 12, 2021
Federal Budget and Economy: Virtual Event

The Prescription: Fiscal Policy for Today's Economy with Michelle Hanlon

The Urban-Brookings Tax Policy Center is holding a series of online conversations on tax and fiscal policy in today’s economy. The discussions take place every...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0275 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2023

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0276 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2026

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0277 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2026

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0271 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2026, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0272 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022

November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0273 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2022

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0274 - Tax Units with a Tax Increase or Tax Cut from Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2023

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0267 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2022, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0268 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2023

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0269 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2023

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0270 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2026, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0266 - Individual Income and Payroll Tax Provisions in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2022, of the individual income tax and payroll tax...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0262 - Tax Units with a Tax Increase or Tax Cut in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2023

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0263 - Tax Units with a Tax Increase or Tax Cut in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2023

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0264 - Tax Units with a Tax Increase or Tax Cut in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Level, 2026

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0265 - Tax Units with a Tax Increase or Tax Cut in Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2026

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
November 11, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0259 - Build Back Better Act as Reported by House Budget Committee, by Expanded Cash Income Percentile, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2026, of the tax provisions in H.R.5376, The Build...
November 11, 2021