Tax Policy Center

CBO

Individual Taxes: TaxVox
In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...
March 23, 2021C. Eugene SteuerleRobert McClellandNikhita Airi
: TaxVox
It never is easy for government to respond to crises, especially one as big and far-reaching as the COVID-19 pandemic. Yet, a better policymaking process...
March 1, 2021C. Eugene Steuerle
Federal Budget and Economy: TaxVox
Largely as a consequence of the pandemic, trillions of dollars have been flowing out of the Treasury’s coffers. The Congressional Budget Office (CBO) projects the...
January 19, 2021C. Eugene SteuerleErald Kolasi
: TaxVox
Would increasing the Internal Revenue Service’s funding for audits increase tax collections by more than the cost? Yes, if the funds are spent wisely.
September 28, 2020Janet Holtzblatt
Federal Budget and Economy: TaxVox
The Trump Administration would miss its revenue targets by at least $3 trillion under more realistic economic assumptions...
February 12, 2020Howard Gleckman
Federal Budget and Economy: TaxVox
Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
November 5, 2019Benjamin R. Page
Federal Budget and Economy: TaxVox
CBO Predicts Historic Levels of Debt By Mid-Century If the US continues today’s patterns of taxes and spending, the national debt will almost triple as...
June 25, 2019Howard Gleckman
: TaxVox
On June 21, the family and friends of Alice Rivlin will join with much of Washington’s public policy community to celebrate her life and extraordinary...
June 20, 2019C. Eugene Steuerle
: TaxVox
Alice Rivlin made the world a better place in so many ways. She will forgive me for ignoring most of them in this brief essay...
May 15, 2019Leonard E. Burman
: TaxVox
Were you surprised that the 2017 tax overhaul, commonly referred as the Tax Cuts and Jobs Act (TCJA), did not increase revenues in 2018? Probably...
March 13, 2019William G. GaleAaron Krupkin