Tax Policy Center

full expensing

Business Taxes: TaxVox

Bipartisan Tax Framework: Low-Income, Wealthy Households Benefit Most

Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160...
January 19, 2024John Buhl
Individual Taxes: TaxVox

House GOP Tax Plan Would Temporarily Cut Taxes For All Income Groups

House Republican plans to temporarily raise the standard deduction and restore more generous business tax deductions would result in modest tax cuts for most households...
June 20, 2023John Buhl
Business Taxes: TaxVox

Should Congress Extend Bonus Depreciation?

Although Congress managed to reach a year-end topline spending agreement, it left many tax questions unanswered heading into 2023. One is considering whether to allow...
December 21, 2022Thomas Brosy
: TaxVox

Why TPC Revised Its Estimates Of Business Tax Proposals Pending In the Post-Election Congress

The Tax Policy Center has revised its estimates of the revenue cost and distributional effects of the business tax cuts included in its analysis of...
December 7, 2022Tracy Gordon
Federal Budget and Economy: TaxVox

The Tax Debate Is Just Beginning

The ink on the Inflation Reduction Act is barely dry, but already there are reasons to think Congress may take up more tax issues once...
October 6, 2022John Buhl
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