Tax Policy Center

build back better

Campaigns, Proposals, and Reforms: TaxVox

What You Need To Know About The Manchin-Schumer Climate and Tax Compromise

What You Need To Know About The Manchin-Schumer Compromise After more than a year of often-fraught negotiations, Senator Joe Manchin (D-WV) says he has agreed...
July 28, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next?

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next? Conservative Democrat Joe Manchin (D-WV) may have effectively sealed the fate of President Biden’s...
July 19, 2022Howard Gleckman
Business Taxes: TaxVox

Expanding The Net Investment Tax Mostly Would Target Households Making $1 Million or More

Scrambling for a politically acceptable way to raise revenue to pay for a scaled-down social spending and climate bill, Senate Democrats are considering a plan...
July 14, 2022Howard Gleckman
Business Taxes: TaxVox

One Strong Global Minimum Tax Beats Two Weak Ones

According to recent news reports, Congressional Democrats are considering watered-down versions of two measures from last year’s Build Back Better Act . The alternative minimum...
July 8, 2022Thornton Matheson
Federal Budget and Economy: TaxVox

Why Another Brutal Filing Season for The IRS May Not Help It Get More Funding

The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting...
April 18, 2022Janet Holtzblatt
Individual Taxes: TaxVox

The Many Ways To Tax The Rich

How to tax the rich? Let us count the ways. New taxes on capital income? Higher income tax rates? A wealth tax? Some mash-up of...
March 31, 2022Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Will Congress Turn Democratic Tax Hikes Into Bipartisan Tax Cuts?

A funny thing happened to the trillions of dollars of proposed tax increases on corporations and high-income households that were high on the agendas of...
March 24, 2022Howard Gleckman
Individual Taxes: TaxVox

The Profound Philosophical Disagreement Over The Refundable Child Tax Credit

Often, tax policy debates can be settled by splitting the difference. You like a tax rate of 28 percent. I prefer 20 percent. Let’s settle...
January 28, 2022Howard Gleckman
Individual Taxes: TaxVox

What If Congress Made The Child Tax Credit Taxable?

As my colleague Elaine Maag noted the other day , Democrats are squabbling again (or is it still) over how to structure the Child Tax...
January 12, 2022Howard Gleckman
Individual Taxes: TaxVox

Should the Child Tax Credit Be Limited to Those with Lower Incomes, As Manchin Prefers?

In 2021, the Child Tax Credit (CTC), helped nearly all families with children . But this year, because American Rescue Plan (ARP) expansions have lapsed,...
January 4, 2022Elaine Maag