Tax Policy Center

corporate income tax

: TaxVox

Did the Tax Cuts and Jobs Act Pay for Itself in 2018?

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
State and Local Issues: TaxVox

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...
March 12, 2019Lucy Dadayan
State and Local Issues: TaxVox

Robots or Jobs? The Federal Tax Law's Uncertain Impact On Communities

State and local leaders need to pay a lot of attention to how businesses take advantage of the tax cut’s capital-investment provisions.
In recent months, many states have adjusted their tax codes in response to the Tax Cuts and Jobs Act (TCJA), the sweeping package of federal...
September 20, 2018Donnie Charleston
: TaxVox

Distributional Effects of a Carbon Tax Depend on How the Revenue is Spent

Columbia University’s Center on Global Energy Policy just released a series of papers on how a carbon tax would reduce greenhouse gas emissions, affect economic...
July 19, 2018Eric Toder
Business Taxes: TaxVox

Are Peruvian Chickens Cash?

The Tax Cuts and Jobs Act (TCJA) is plagued by a recurrent problem: Many parts of the law tax similar income or assets at different...
June 5, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

How would the TCJA treat my family? The same, but different

Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.
December 6, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act The Senate’s version of the Tax Cut and Jobs Act (TCJA) is a big,...
December 5, 2017Howard Gleckman
: TaxVox

Nine Things to Know about the House GOP Tax Plan

The House Ways and Means committee released its long-anticipated tax proposal yesterday, the Tax Cut and Jobs Act (TCJA). The plan offers a sweeping set...
November 3, 2017William G. Gale
Business Taxes: TaxVox

Understanding the Republicans’ corporate tax reform proposals

Republicans in the House are proposing sweeping corporate tax reform . Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses. The new tax would be border-adjustable – taxing imports and exempting exports.
January 10, 2017William G. Gale
Business Taxes: TaxVox

Could the EU’s Apple Tax Reboot Corporate Tax Reform in the US?

For years, corporate tax reform in the US has been dead in the water, in part because of deep disagreements within the American business community...
August 30, 2016Howard Gleckman