Tax Policy Center

corporate income tax

Federal Budget and Economy: TaxVox

CBO: $19 Trillion In New Debt Over The Next Decade, Mostly From Programs Nobody Will Cut

The Congressional Budget Office estimates the national debt will increase by $19 trillion over the next decade under current law, $3 trillion more than it...
February 16, 2023Howard Gleckman
Business Taxes: TaxVox

Could A Data Tax Partially Replace the Corporate Income Tax?

Policy experts and governments around the world are deeply dissatisfied with the way multinational corporations are taxed, especially big tech companies. The Organisation for Economic...
October 18, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

Ignore the Debate Over Whether the Inflation Reduction Act Raises Taxes on Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about...
August 12, 2022Howard Gleckman
Business Taxes: TaxVox

Rethinking the Incidence of the Corporate Income Tax

Debates about corporate income tax cuts follow a familiar script. Republicans claim that rank-and-file workers benefit . Democrats argue that affluent shareholders reap the gains...
May 10, 2022William G. GaleSamuel Thorpe
Campaigns, Proposals, and Reforms: TaxVox

Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others

In a new analysis , the Tax Policy Center estimates that the major tax changes in the latest version of President Biden’s Build Back Better...
November 11, 2021Howard Gleckman
: TaxVox

What Is Biden’s Minimum Book Income Tax on Corporations?

Last week, President Biden proposed a major change in the way some large corporations are taxed. These firms would be required to pay tax on...
November 2, 2021Thomas Brosy
Business Taxes: TaxVox

TPC Answers Two Questions About Its Analysis of the House Ways & Means Committee’s Tax Bill

After the Tax Policy Center published its new analysis of the House Ways & Means Committee’s budget reconciliation tax plan , commentators asked two questions:...
September 29, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

TPC: The Ways & Means Reconciliation Bill Would Raise Taxes On High Income Households, Cut Taxes On Average For Nearly Everyone Else

All major provisions of the House Ways & Means Committee’s budget reconciliation tax bill would cut 2022 taxes on average for households making $200,000 or...
September 28, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

Neal’s Tax Bill Is Big And Bold, With Hits and Misses

The most important thing to know about the tax bill proposed by House Ways & Means Committee Richard Neal (D-MA) is that it’s big. The...
September 14, 2021Howard Gleckman
: TaxVox

How Biden and Congress Could Improve Business Taxation

The Tax Cut and Jobs Act (TCJA) of 2017 created the most substantial changes in business taxation in decades. But in a new analysis, published...
June 28, 2021William G. Gale