Tax Policy Center

distributional analysis

Federal Budget and Economy: TaxVox

Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others

The revenue provisions of President Biden’s fiscal year 2024 budget would lower after-tax incomes by an average of about $2,300 next year, according to a...
March 23, 2023Howard Gleckman
Individual Taxes: TaxVox

Who Would Benefit From Restoring The Full CTC, EITC, and The TCJA’s Business Tax Breaks?

This blog has been revised, reflecting TPC’s recalculated analysis of proposals to reduce business taxes that are under discussion in Congress. TPC’s initial analysis over-estimated...
December 7, 2022Howard Gleckman
Individual Taxes: TaxVox

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...
November 30, 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
Individual Taxes: TaxVox

Hill Democrats Shift From Raising To Cutting Taxes On The Merely Rich

Democrats started this year with President Biden’s proposal to raise taxes on high-income households as a way to help pay for an ambitious social spending...
December 21, 2021Howard Gleckman
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
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
Campaigns, Proposals, and Reforms: TaxVox

Biden Would Raise Taxes Substantially for High Income Households and Corporations, Cut Taxes for Families with Children, According to A New TPC Analysis

Nearly all of President Biden’s proposed tax increases would be borne by the highest income 1 percent of households--those making about $800,000 or more—according to...
June 9, 2021Howard Gleckman
Individual Taxes: TaxVox

SALT Cap Repeal Would Overwhelmingly Benefit High Income Households

Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax...
April 23, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

TPC Releases A New Distributional Analysis Of The Pandemic Relief Bill  

The Tax Policy Center has published a new distributional analysis the American Rescue Plan (ARP) that incorporates several relatively minor tax provisions that were not...
March 11, 2021Howard Gleckman