Tax Policy Center

federal reserve

Federal Budget and Economy: TaxVox

Low Interest Rates Have Implications for Tax Policy

As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly...
September 23, 2021Alan J. AuerbachWilliam G. Gale
Federal Budget and Economy: TaxVox

What Trillion Dollar Deficits In An Era of Full Employment Look Like

There are ugly charts, and then there is this, courtesy of the folks at the Committee for a Responsible Federal Budget. Over the past half-decade,...
January 7, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Paul Volcker Taught Us How Tax And Monetary Policy Can Work Together To Enhance Growth

The recent passing of former Federal Reserve Chair Paul Volcker serves as an important reminder of his critical role in ending stagflation in the late...
December 16, 2019C. Eugene Steuerle
: TaxVox

Alice Rivlin Made State and Local Governments Better, Too

Our Tax Policy Center (TPC) colleague Bill Gale – no slouch when it comes to diagnosing federal budget ills and suggesting remedies – says he...
May 20, 2019Tracy GordonRichard C. Auxier
Individual Taxes: TaxVox

Individual Retirement Accounts Should Be For…Retirement

The House and Senate unveiled similar bipartisan retirement savings bills this week. Among the differences: The House bill would let you use IRA funds for having a baby.
April 4, 2019Howard Gleckman
: TaxVox

The 3-2-1 on economic growth: Hope for 3, plan for 2, pray it isn’t 1

How fast will the US economy grow? When mainstream forecasters consult their crystal balls, they typically see real economic growth around 2 percent annually over...
August 10, 2017Donald Marron
Individual Taxes: TaxVox

The Fed and America’s Debt

Is the Federal Reserve part of the government? You might think so, but you wouldn’t know it from the way we talk about America’s debt...
July 15, 2013Donald Marron