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 Congressional Budget Office released its Analysis of the President’s FY2018 Budget last week, estimating that the plan would reduce the federal budget deficit from...
Health care vote delayed due to a senator’s health care. Senate Majority Leader Mitch McConnell has delayed consideration of his revised Better Care Reconciliation Act.
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 discusses a
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 revised BCRA hasn’t changed much—except for taxes. Significant reductions in Medicaid and in individual insurance subsidies included in the House and first Senate bill remain.
Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the excise tax on employers offering inadequate...
Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the excise tax on employers offering inadequate...
The revised version of Senate Majority Leader Mitch McConnell’s health bill would retain the Affordable Care Act’s 3.8 percent Net Investment Income Tax and its...
A Trump-like cut could reduce federal revenues by $7.8 trillion dollars through 2026. That’s the new estimate from TPC if tax cuts consistent with President Trump’s April outline become law.
This paper was updated on July 27, 2017 to incorporate the overlapping generations model estimates produced by the Penn Wharton Budget Model . The Trump administration released an outline of their plan to revise the tax code and change tax rates on April 26, 2017. The Tax Policy Center has
A tax proposal consistent with what the Trump Administration outlined in April could reduce federal revenues by as much as $7.8 trillion over the next...
Impact of Proposals related to the Trump Administration's 2017 tax plan on federal revenues, relative to current law, for fiscal years 2018-27 and 2028-37. This...
Distribution of federal tax change from the tax cut and possible revenue raising provisions of propsoals related to the Trump Administration's 2017 tax plan in...
Distribution of federal tax change from the tax cut and possible revenue raising provisions of proposals related to the Trump Administration's 2017 tax plan in...
Distribution of federal tax change from the tax cut and possible revenue raising provisions of proposals related to the Trump Administration's 2017 tax plan in...
Distribution of federal tax change from the tax cut and possible revenue raising provisions of proposals related to the Trump Administration's 2017 tax plan in...
Who would benefit from the Senate leadership’s current health bill? A new analysis by TPC and the Urban Institute’s Health Policy Center finds that low-income households would be more than $2,500 worse off after taking into accounting the plan’s tax and benefit cuts. By contrast, those making $200,000 or more would enjoy a net benefit of $5,420.
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 Center
