Both Donald Trump and Ted Cruz say their tax plans would dramatically boost the economy by reducing taxes on new investment. According to the Tax Policy Center, both proposals would significantly cut taxes on investment and both would be far more generous than the Democratic hopefuls. However, Cruz

When it comes to how their tax proposals affect households of different incomes, the contrast among the remaining presidential candidates is simply stunning. Calling it a gap hardly does it justice. It is an ocean of difference. How do you even describe the contrast between one candidate (Ted Cruz

Would these New York millionaires back Trump’s tax plan? More than 40 millionaires in the state of New York wrote a letter to Governor Andrew Cuomo and state lawmakers asking them to raise state income tax rates for the highest-income 1 percent of New Yorkers. Their aim: To offset Donald Trump’s

Tomorrow on the Hill. The Senate is in recess until April 4, but the Tax Policy Subcommittee of the House Ways & Means panel will hold the first in a planned series of hearings to share ideas for fundamental tax reform. Tuesday’s hearing will focus on cash-flow and consumption-based approaches

Minnesota’s governor scales back his budget proposal. Given worries about an economic slowdown, Democratic Governor Mark Dayton says , “We need to be very cautious in what we obligate in tax cuts and spending increases.” The governor proposes $700 million in new spending, including $117 million in

The House Budget Committee released a spending plan for 2017. The panel will mark it up today. The budget would cut $7 trillion from the federal deficit over the next decade and maintain spending ceilings set in last year’s budget deal that then-speaker John Boehner cut with the White House. The

An international tax reform draft will be here eventually, just not this month. The House Ways & Means subcommittee on tax policy will not have its draft ready by the first quarter as subcommittee chair Charles Boutsany, Jr., had hoped, reports Tax Analysts ( paywall ). Boustany’s office did

The Challenges of Modeling Presidential Tax Plans The Committee for a Responsible Federal Budget sponsored a fascinating discussion yesterday on estimating presidential candidate tax plans. My Tax Policy Center colleague Len Burman, Kyle Pomerleau of the Tax Foundation, and Bob McIntyre of Citizens

When debating tax changes, politicians, advocates, and journalists often use rankings to argue whether they reside in a high- or low-tax state. Possibly the most- cited measure is per capita revenue —how much a state raises per resident—because it allows for 50-state comparisons. But revenues are

Every year, the federal government directs over $170 billion in tax benefits toward families with children. But families are getting more complicated, and as they do, so does tax filing for benefits such as the earned income tax credit (EITC), child tax credit (CTC), dependent exemption, head of

In a few weeks, the Urban-Brookings Tax Policy Center will launch our new website. Starting today, the site is running in “beta,” and we invite you to give us your feedback. Feedback As you explore the new site, you will see a tab in the lower right-hand corner of every page. Use this tab to tell