: Daily Deduction

A Gas Tax, Fiscal Weakness, a Workaround, and Scams

Did the president just promise to back a 25-cent gas tax hike?
February 15, 2018Renu Zaretsky
Individual Taxes

Who Benefits from the Child Tax Credit Now?

The Tax Cuts and Jobs Act of 2018 doubled the maximum child tax credit from $1,000 to $2,000. But about 29 million children under age 17 with at least one working parent will miss out on the full increase because their families earn too little in income or owe too little in taxes. This factsheet
February 15, 2018Elaine Maag
Federal Budget and Economy: TaxVox

The Fiscal Disarmament Of President Trump and the GOP

President Trump, who sees himself as the toughest guy in the room, is, along with his GOP allies in Congress, disarming the federal government’s ability...
February 14, 2018Howard Gleckman
: Daily Deduction

Roses are red, violets are blue. The nation keeps spending, with too little revenue.

The TCJA’s long-term cost could affect the bond market.
February 14, 2018Renu Zaretsky
Business Taxes

The Tax Cuts and Jobs Act: The New Business Tax Landscape

The Tax Cuts and Jobs Act of 2017 is one of the largest tax code changes in 30 years and overhauls many provisions of tax...
February 13, 2018
: Daily Deduction

“Hey big spender, spend a little time with me.”

President Trump released his budget. It doesn’t balance.
February 13, 2018Renu Zaretsky
: Daily Deduction

Budget day, and more TCJA winners and losers

The Trump Administration will release its 2019 budget today.
February 12, 2018Renu Zaretsky
The Credit for the Elderly and Disabled primarily benefits households with little retirement income or earnings. It has not been indexed for inflation. Only 51,000 taxpayers claimed it in 2015, about 1/10 as many as 3 decades ago.
February 12, 2018
: Daily Deduction

A Budget, The Extenders, A Lawsuit, and Hearings

Congress agrees to massive budget deal.
February 9, 2018Renu Zaretsky
Federal Budget and Economy: TaxVox

The Terrible, Horrible No Good Tax Policy Buried In The Budget Deal

There is so much bad policy in the massive two-year budget agreement being debated by Congress that it is hard to know where to begin...
February 8, 2018Howard Gleckman
: Daily Deduction

A good deal is hard to find.

Congressional leaders and the White House have reached a budget deal, but will the House support it?
February 8, 2018Renu Zaretsky
Individual Taxes: Research report

Unemployment Insurance and Worker Mobility

Unemployment insurance (UI) helps workers to smooth their consumption after employment loss, but also diminishes their incentive to quickly find new jobs. While both of these considerations have been extensively studied, little or no attention has been paid to possible implications of UI for worker
February 8, 2018Ryan NunnLaura KawanoBen Klemens
Individual Taxes: Brief

Policy Brief: Unemployment Insurance and Worker Mobility

Unemployment insurance (UI) helps workers smooth their consumption after employment loss, but may also diminish their incentive to quickly find new jobs, thereby lengthening spells of unemployment and raising the aggregate unemployment rate. Less appreciated is the effect that UI has on geographic
February 8, 2018Ryan NunnLaura KawanoBen Klemens
Business Taxes: TaxVox

Will the Tax Cuts and Jobs Act grow US businesses?

But after the TCJA's bonus buzz fades, what will companies do with their extra money? Will they use it to make more capital investments in the US to boost productivity, and eventually, workers’ wages?
February 7, 2018Renu Zaretsky
: Daily Deduction

Votes, Worries, and a Fad Diet?

Another vote on another spending bill to avert another shutdown.
February 7, 2018Renu Zaretsky
Federal Budget and Economy: TaxVox

Starving the Beast? The Tax Cuts And Jobs Act Seems to Be Feeding It

For decades, a guiding principle for many conservatives was that tax cuts not only boost the economy directly but also by shrinking the size of...
February 6, 2018Howard Gleckman
: Daily Deduction

"Everything's Coming Up Roses"

“You don’t believe me….” The President praises the economic benefits of TCJA tax cuts.
February 6, 2018Renu Zaretsky
: TaxVox

Did the President and Congress “Give” Us a Tax Cut?

Politicians love to claim that they have given us something. “We want to give you, the American people, a giant tax cut for Christmas ...
February 5, 2018C. Eugene Steuerle
: Daily Deduction

A Tweet, a Maybe, and Tough Love

Ryan’s Twitter-TCJA Fail: House Speaker Paul Ryan attempted to tout the benefits of the Tax Cuts and Jobs Act over the weekend.
February 5, 2018Renu Zaretsky
In 2015, about 4% of individual income tax filers reported receiving unemployment compensation, the lowest share since at least 2000. The average amount reported also declined, from about $8,000 in 2010 to about $4,400 in 2015.
February 5, 2018
Business Taxes: TaxVox

Explaining the TCJA’s International Reforms

In a blog post introducing a recent article I wrote for AEI’s Economic Perspectives, AEI’s Stan Veuger describes this approach as replacing “subdued worldwide corporate...
February 2, 2018Eric Toder
: Daily Deduction

Tough Choices, Grand Plans

Gas tax talk at the congressional GOP retreat.
February 2, 2018Renu Zaretsky
: TaxVox

Navigating The TCJA’s Pass-Through Deduction

The Tax Cuts and Jobs Act (TCJA) creates a new tax deduction of up to 20 percent of income from partnerships, sole proprietorships, and other...
February 1, 2018Aaron KrupkinHoward Gleckman
: Daily Deduction

Good news all around?

A new poll shows an uptick in support of the tax bill. A Monmouth University poll finds that 44 percent of those surveyed approve of the Tax Cuts and Jobs Act, while an equal number disapproves.
February 1, 2018Renu Zaretsky
: Daily Deduction

The State of the Union is...

Will the Tax Cuts and Jobs Act do what the President says it’s done?
January 31, 2018Renu Zaretsky