Tax Policy Center

Inflation Reduction Act

Individual Taxes: TaxVox

Why Would Politicians Make It Harder To File Tax Returns And Easier To Cheat?

Once they finally pick a Speaker, the very first legislative vote House Republicans will take will be aimed at making it harder for the IRS...
January 4, 2023Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

TPC’s Annual Lump Of Coal Awards For The Worst Tax Ideas of 2022

Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. It was an election year...
December 21, 2022Howard Gleckman
Individual Taxes: TaxVox

How Will Congress Assess The Success Of Its $80 Billion Investment In The IRS?

How will we know whether the Inflation Reduction Act’s $80 billion ten-year investment in the Internal Revenue Service is successful? Unfortunately, measuring performance isn’t easy,...
December 8, 2022Janet Holtzblatt
Business Taxes: TaxVox

How Can the US Meet its Paris Climate Goals?

The ongoing COP-27 climate conference will take stock of global greenhouse gas (GHG) emissions and encourage member countries to accelerate their efforts to reach climate...
November 17, 2022Thornton Matheson
Individual Taxes: TaxVox

What Will The Mid-Term Election Mean For Tax Policy?

With Democrats retaining narrow control of the Senate and Republicans on the cusp of winning the barest of majorities in the House, it will be...
November 16, 2022Howard Gleckman
Business Taxes: TaxVox

Private Equity Is A Business Subject To The New Book Minimum Tax. Treasury Should Say So.

When the Senate added a new corporate minimum tax to the Inflation Reduction Act (IRA), it almost added a clarification that private equity is a...
September 16, 2022Steven M. Rosenthal
Business Taxes: TaxVox

Industrial Policy Is Back. What Will It Mean For Taxes?

Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats...
September 13, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

In The Context Of The Federal Budget, The Inflation Reduction Act Wasn’t Very Big

It’s always tempting to exaggerate the importance of the latest big fight in Congress. The Inflation Reduction Act of 2022 (IRA) made some major policy...
September 12, 2022C. Eugene SteuerleNikhita Airi
Individual Taxes: TaxVox

Cutting Through the Misinformation About The IRS’s Plan To Spend $80 Billion

Understanding how the Inflation Reduction Act (IRA) will affect the Internal Revenue Service’s operations requires wading through a swamp of misinformation, disinformation, and no information...
September 1, 2022Howard GleckmanJanet Holtzblatt
Campaigns, Proposals, and Reforms: TaxVox

Who Will Win The Battle Over Framing The Inflation Reduction Act?

President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will...
August 23, 2022Howard Gleckman