Tax Policy Center

interest rates

Federal Budget and Economy: TaxVox

CBO: The Government’s Era Of (Nearly) Free Money Is Over, At Least for Now

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

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

Should We Worry About The Long-Term Federal Debt In An Era of Low Interest Rates?

For decades, conventional wisdom said that high levels of federal debt created a significant drag on the economy by diverting money that could more productively...
December 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
Federal Budget and Economy: TaxVox

What 2018’s Economic Data Tell Us About The TCJA

We now have a full year of data about the state of the US economy since President Trump signed the 2017 Tax Cuts and Jobs...
March 4, 2019Howard GleckmanAravind Boddupalli
Federal Budget and Economy: TaxVox

Has The TCJA Supercharged The Economy? The Data Don’t Show It.

President Trump often says the Tax Cuts and Jobs Act has provided “rocket fuel” that will supercharge the US economy. He may, eventually, be right...
May 2, 2018Howard Gleckman
: TaxVox

So Far, The TCJA Seems To Be A Modest Plus For The Economy, But Evidence Remains Limited

For all the hype about more take-home pay, new corporate investment, and bonuses in the wake of the Tax Cuts and Jobs Act (TCJA), what...
March 26, 2018Benjamin R. Page
Federal Budget and Economy: TaxVox

The Fiscal Disarmament Of President Trump and the GOP

President Trump, who sees himself as the toughest guy in the room, is, along with his GOP allies in Congress, disarming the federal government’s ability...
February 14, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Trump’s Campaign Rhetoric May Have Been Populist But His Tax Plan Isn’t

Donald Trump ran for president as a classic anti-establishment candidate , promising to stand up for regular Joes against the political and economic elites. He...
November 10, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Trump’s Tax and Spending Plan Could Sharply Raise Interest Rates

Donald Trump’s tax and spending plan would nearly triple interest rates and increase the federal government’s debt by $14 trillion by 2026, according to an...
June 21, 2016Howard Gleckman