Campaigns, Proposals, and Reforms: Journal Article

Slashing Corporate Taxes: Foreign Investors Are Surprise Winners

In this article, Rosenthal evaluates the benefit to foreign investors from lowering the corporate income tax rate. This article was originally published by Tax Notes on October 23, 2017.
October 23, 2017Steven M. Rosenthal
: TaxVox

Tax Cuts Won’t Make America Great Again

In a speech earlier this week, Donald Trump invoked Ronald Reagan’s 1981 tax cuts as a model for his own plan. Trump said Reagan’s tax...
October 20, 2017William G. Gale
: Daily Deduction

From the budget to a tax bill: Will it take us there?

“In the midnight hour…” The Senate narrowly approved its budget resolution last night along partisan lines, 51 in favor, 49 against.
October 20, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Can Trump Sell A Tax Bill To Middle-Income Voters?

While President Trump continues to promote what he says will be the biggest tax cut in history for middle-income households, it is increasingly clear that...
October 19, 2017Howard Gleckman
: Daily Deduction

“It’s hard to do.”

The “Mnuchin Rule” is no more, because math is hard.
October 19, 2017Renu Zaretsky
Individual Taxes: Other Tables

T17-0228 - Distribution of Tax Units and Qualifying Children by Amount of Child Tax Credit (CTC), 2018

Table shows the distribution of tax units with CTC-eligible children and CTC-eligible children by amount of Child Tax Credit in 2018 under current law.
October 18, 2017
Campaigns, Proposals, and Reforms: TaxVox

Will Corporate Tax Cuts Really Increase worker Incomes By $4,000?

The White House Council of Economic Advisers put out a paper this week defending a very bold prediction: A cut in the corporate tax rate...
October 18, 2017Howard Gleckman
: Daily Deduction

Agreements, Returns, and Debates

There’s a deal in principle on the Affordable Care Act cost-sharing reduction payments.
October 18, 2017Renu Zaretsky
: Daily Deduction

Claims and Comparisons

Wait ‘til next year. President Trump seemed to acknowledge what Hill Republicans have been saying for days and independent observers have been predicting about a tax bill for months.
October 17, 2017Renu Zaretsky
: Daily Deduction

A complication, a choice, a contradiction, and a calendar

What’s the biggest obstacle in the way of tax reform? Time considers President Trump. He may have called tax reform his top priority, but Congress remains wary of filling in the missing details in the Big Six Unified Framework. Why?
October 16, 2017Renu Zaretsky
Over 27 million families claimed the EITC in 2015; those with AGI between $15K and $20K received the largest average credit--about $4200.
October 16, 2017
: TaxVox

Eight Lessons on How to Design Tax Reform

Endorsing the concept of tax reform is just one small step towards making it a reality. How do lawmakers, who are confronted with an almost...
October 13, 2017C. Eugene Steuerle
: Daily Deduction

Only 73 Days Left until Tax Cuts?

They’ll be home for Christmas, unless… Speaker Paul Ryan says he may keep the House in session during the holidays to pass tax legislation: “I don’t care, we got to get this done.”
October 13, 2017Renu Zaretsky
Individual Taxes: TaxVox

Why Do We Make It So Hard For Immigrants To Pay Their Taxes?

Why do we make it so hard for immigrants to pay their federal income taxes? Why do we throw so many roadblocks between them and...
October 12, 2017Howard Gleckman
: Daily Deduction

Keep on Truckin'

The president went to Pennsylvania to tout a "huge" tax cut for the "middle class." Much of his focus? Repealing the estate tax.
October 12, 2017Renu Zaretsky
Business Taxes: TaxVox

Raise the 15 Percent Tax Rate on Capital Gains To Boost Revenue In A Progressive Way

Republican leaders have several challenges to overcome before they can pass a big tax bill. Here are two: (1) They need revenue to pay for...
October 11, 2017Robert McClelland
: Daily Deduction

The Unified Framework that Could

He thinks it can. President Trump dismissed concerns that his ongoing feud with Sen. Bob Corker would make it harder for Congress to pass a tax cut.
October 11, 2017Renu Zaretsky
: TaxVox

Child Tax Credit In The Unified Framework: Nothing To See Here

The Big Six Unified Framework promises a tax plan that “significantly increases the Child Tax Credit (CTC)”, but provides few details. If the child tax...
October 10, 2017Elaine Maag
: Daily Deduction

Talk is cheap. Deficits are not.

Tax (and trash) talk continues while deficit spending climbs. The President may have picked a fight with Sen. Bob Corker at just the wrong time.
October 10, 2017Renu Zaretsky
: TaxVox

The Unintended Consequences of Killing the Estate Tax

The United Framework for tax reform outlined last week by the congressional Republican leadership and the Trump Administration included a proposal to eliminate the estate...
October 9, 2017Daniel Berger
: Daily Deduction

Tax Perception and Tax Reality

Messaging matters. House Speaker Paul Ryan has extolled the virtues of lowering business taxes and promoting the Big Six Unified Framework proposed cuts in business tax rates, but he’s spent much less time touting the benefits of the framework for individuals.
October 9, 2017Renu Zaretsky
Business income dropped 17% between 2006 and 2009, recovered that loss by 2011, and was 36% higher in 2015, totaling $961 billion that year.
October 9, 2017
: Daily Deduction

A budget resolution, corporate rate cuts and growth, and infrastructure

The GOP-controlled House passed its version of a budget resolution buy a vote of 219-206
October 6, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Will A Corporate Rate Cut Really Increase US Jobs And Wages?

Kevin Hassett, chair of President Trump’s Council of Economic Advisers, argued today that the corporate tax cuts in the Sept. 27 Republican Unified Framework would...
October 5, 2017Howard Gleckman
Federal Budget and Economy: Distinguished Speaker Series

TPC Presents Distinguished Speaker Kevin Hassett

The Urban-Brookings Tax Policy Center is delighted to kick off its Distinguished Speaker Series with Kevin Hassett, Chairman of the President’s Council of Economic Advisers...
October 5, 2017