Tax Policy Center

inflation

Individual Taxes: TaxVox
In response to the recent burst of inflation, the IRS is raising contribution limits for the full range of retirement savings accounts. That’s great news...
November 4, 2022Howard Gleckman
Individual Taxes: TaxVox
The Internal Revenue Service announced its inflation adjustment for tax year 2023: It will be a bit more than 7 percent, the largest increase in...
October 21, 2022Robert McClelland
Business Taxes: TaxVox
President Biden is proposing a three-month federal gasoline tax holiday. He may want to appear to be doing something to address high inflation, which is both an economic concern...
June 22, 2022Howard Gleckman
Federal Budget and Economy: TaxVox
Should Congress Use Tax Hikes To Fight Inflation? In a Monday Wall Street Journal column (paywall), President Biden urged Congress to help fight inflation by...
June 2, 2022Howard Gleckman
Federal Budget and Economy: TaxVox
The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in...
May 26, 2022Howard Gleckman
Federal Budget and Economy: TaxVox
Note To Governors: Cutting Taxes May Make Inflation Worse Even as Republican governors blast President Biden and congressional Democrats for both causing inflation and failing...
March 15, 2022Howard Gleckman
State and Local Issues: TaxVox
Two years into the pandemic, states are flush with cash, a vastly different picture than the 20 percent revenue decline suffered by states in the...
February 8, 2022Lucy Dadayan
: TaxVox
The 2017 Tax Cuts and Jobs Act (TCJA) changed the way parts of the tax code are indexed for inflation. Instead of using the standard...
February 4, 2022Robert McClelland
Federal Budget and Economy: TaxVox
A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...
November 17, 2021Benjamin R. Page
Federal Budget and Economy: TaxVox
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