Tax Policy Center

Joint Committee on Taxation

Campaigns, Proposals, and Reforms: TaxVox
Making tax policy predictions for 2017 is especially perilous, given the uncertainties surrounding the incoming Trump Administration’s fiscal agenda. But since there is a good...
December 28, 2016Howard Gleckman
Individual Taxes: TaxVox
While policymakers obsess about the income tax, they often lose sight of an important detail: For two-thirds of households, the levy that matters most is the payroll tax. According to a new report by the Joint Committee on Taxation, the 80 million tax filers making $40,000 or less will collectively
April 2, 2015Howard Gleckman
: TaxVox
The House GOP Budget: No tax reform details. The House Budget Committee unveiled a budget with $5.5 trillion in spending cuts that promises balance by 2024. Committee Chairman Tom Price is confident the budget will pass the House this week. However, TPC’s Howard Gleckman says there is no chance it
March 18, 2015Renu Zaretsky
Individual Taxes: TaxVox
This is one of a series of TaxVox guest blogs discussing dynamic scoring . Whether dynamic scoring for official revenue estimates is a good or bad idea, it is now a part of scoring rules in the House. As a result, it is more compelling than ever to understand the forces that determine economic
March 17, 2015Jane Gravelle
Federal Budget and Economy: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major
February 27, 2015Donald Marron
Federal Budget and Economy: TaxVox
The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A
January 26, 2015Howard Gleckman
: TaxVox
Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. Counting devices before they hatch? Should the GOP take the Senate in November , medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. The tax
October 13, 2014Renu Zaretsky
Individual Taxes: TaxVox
We've known for years that the 2004 repatriation tax holiday did little to boost domestic investment or create U.S. jobs, as promised by its backers. Now we are learning that many multinational corporations were not even interested in using the temporary holiday to cut their taxes. Instead,
June 11, 2014Howard Gleckman
Individual Taxes: TaxVox
Two new studies show just how hard a time Congress will have trying to slash tax rates without adding trillions of dollars to the budget...
August 8, 2013Howard Gleckman
Individual Taxes: TaxVox
Over the past week, Washington has been filled with news about tax reform—some reflecting necessary but painful truths and some just bad. In no particular...
August 6, 2013Howard Gleckman