Tax Policy Center

2024 budget

Federal Budget and Economy: TaxVox

Watch Congress Spend And Cut Taxes More, Despite Its Deficit Hang-Wringing

Want to know why the budget deficit is enormous and growing? One reason is that when one political party in Congress proposes new tax cuts...
December 4, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

How Budget Commissions Can Make Deficit Reduction Harder

Congressional commissions generally serve one of two purposes. They either 1) provide political cover for lawmakers who want to achieve a goal but are afraid...
September 21, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

The Debt Limit Battle Produced Plenty of Drama But Few Budget Cuts

House Speaker Kevin McCarthy (R-CA) and President Joe Biden reached an agreement over the weekend to limit spending for a small fraction of the federal...
May 31, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

If The US Avoids Default, You May Want To Thank Car Dealers, Real Estate Agents, and Local Bankers

If the country avoids breaching the debt limit in the next few months , you may not have Wall Street volatility to thank. Or even...
May 9, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

House Republicans Rethink Tax Increases, At Least For A Minute

House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old...
May 2, 2023Howard Gleckman
Business Taxes: TaxVox

Stock Buyback Excise Taxes: What We Know And Don’t Know

Companies now spend more than a $1 trillion annually to repurchase their stock, in lieu of paying higher dividends to their shareholders, or investing more...
March 10, 2023Steven M. RosenthalThomas Brosy
Federal Budget and Economy: TaxVox

A First Look At The Revenue Provisions Of Biden’s 2024 Budget

A First Look At The Revenue Provisions Of Biden’s 2024 Budget President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the...
March 9, 2023Howard Gleckman