Tax Policy Center

JCT

: TaxVox

Are Current Hill Tax Plans Enough To Fund A Scaled-Back Climate And Social Spending Bill?

In a 50-50 Senate where every vote counts, President Biden’s “Build Back Better” (BBB) fiscal agenda has a new name and—if it wants the vote...
March 10, 2022John Buhl
: TaxVox

Mega IRAs Reflect Mega Legislative Mistakes

Mega-IRAs are hot this summer, following a June 2021 report by the nonprofit news service ProPublica that revealed—based on leaked IRS files—that a handful of...
August 13, 2021Steven M. Rosenthal
Individual Taxes: TaxVox

Congress Must Redesign the Charitable Deduction: How to Do It Well

In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...
March 23, 2021C. Eugene SteuerleRobert McClellandNikhita Airi
: TaxVox

Could Better Government Have Lowered Pandemic Deaths by 100,000 or Reduced Costs by a Trillion Dollars?

It never is easy for government to respond to crises, especially one as big and far-reaching as the COVID-19 pandemic. Yet, a better policymaking process...
March 1, 2021C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox

TPC Finds the Ways & Means Pandemic Relief Plan Mostly Helps Low- and Moderate-Income Households, But Higher Income Families Benefit as Well

The major tax provisions of the pandemic relief bill proposed by House Ways & Means Committee Democrats on January 8 would reduce 2021 federal taxes...
February 10, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

Remembering Ed Kleinbard

The tax community this week is mourning the loss of University of Southern California law professor Edward D. Kleinbard. Ed previously served as Chief of...
July 2, 2020Thornton Matheson
Campaigns, Proposals, and Reforms: TaxVox

The 2019 Tax Act Was A Modest Step In The Wrong Direction

In the face of a looming shutdown of the federal government last week, Congress passed, and the president signed, legislation providing funding through September 30,...
December 23, 2019Safia SayedSteven M. Rosenthal
Federal Budget and Economy: TaxVox

Revisions To Revenue Projections Suggest That The TCJA Cost More Than Expected

Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
November 5, 2019Benjamin R. Page
Federal Budget and Economy: TaxVox

CBO Thinks The TCJA Will Cost $433 Billion More Than Last December’s Estimate. What Happened?

In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...
April 30, 2018Benjamin R. Page
: TaxVox

Most Taxpayers’ Benefits Come Mainly from the TCJA’s Individual Provisions, But the Rich Get Much of Their Tax Cuts from Corporate Changes

The Tax Cuts and Jobs Act (TCJA) affects the after-tax income of households in two ways: directly through the individual income tax and indirectly through...
February 19, 2018Benjamin R. Page