Tax Policy Center

income inequality

State and Local Issues: TaxVox

Three State Tax Cut Lessons for 2023

The past two years were a great time to make state tax policy. Booming revenue collections combined with hundreds of billions of dollars from Congress...
February 2, 2023Richard C. Auxier
Campaigns, Proposals, and Reforms: TaxVox

Treasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA

Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left economist.
November 24, 2020Howard Gleckman
: TaxVox

State And Local Governments Have A Role To Play In Reducing The Wealth Gap

Every Democratic candidate for president has a plan to address growing inequality in America (on January 16, the Tax Policy Center sponsored a program on...
January 17, 2020Donnie Charleston
: TaxVox

Would Wealth Taxes Solve Wealth Inequality?

Democracies become oligarchies when wealth is too concentrated. So begins a letter by Berkeley economists Emmanuel Saez and Gabriel Zucman about presidential candidate Bernie Sanders’...
January 15, 2020Janet Holtzblatt
Business Taxes: TaxVox

Using Taxes To Cap Executive Compensation Doesn’t Work

This week, Democratic presidential hopeful Bernie Sanders proposed raising the tax rates for large corporations where there are “exorbitant” pay gaps between top executives and...
October 3, 2019Howard Gleckman
Individual Taxes: TaxVox

Can A Wealth Tax Raise The Revenue Its Sponsors Hope?

The wealth tax is having a moment.
September 24, 2019Howard Gleckman
: TaxVox

The Price We Pay for Capping the SALT Deduction

The Tax Cuts and Jobs Act (TCJA) limited the ability of taxpayers to deduct state and local taxes (SALT) from their federal taxable income. New...
February 15, 2018Tracy Gordon
Individual Taxes: TaxVox

Is It Time To Rethink The Scale and Progressivity of the Tax System?

Is the US tax code both too small and too progressive? That’s the argument of Alan Viard and Sita Nataraj Slavov of the American Enterprise...
October 25, 2016Howard Gleckman
Individual Taxes: TaxVox

A Case of Love, Death, Estates, and Taxes

I was 12 when I first heard “Little Red Corvette,” a profoundly racy song by the late musician Prince. I didn’t really understand the lyrics but remember shouting, “I love this song!” Even though English was their second language, my parents caught its meaning and were not fans. I just rolled my eyes, thinking “What’s wrong with a car?”
May 4, 2016Renu Zaretsky
: TaxVox

Not October yet, but, oh, the tax tricks and treats!

Donald Trump unveiled his tax plan—is it going to “cost him a fortune?” He has a tax cut for nearly everybody , but the highest income households would likely be the biggest beneficiaries. And his plan would likely add trillions to the national debt over the next decade, concludes TPC’s Howard
September 29, 2015Renu Zaretsky