Tax Policy Center


Federal Budget and Economy: TaxVox
When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...
March 30, 2022Robert McClellandLivia Mucciolo
Individual Taxes: TaxVox
There are many benefits to a first-time homebuyer tax credit, such as the one proposed by President-elect Joe Biden. However, the transition from the...
November 30, 2020C. Eugene Steuerle
: TaxVox
A $15,000 tax credit to help new homebuyers with their down payment is a significant improvement over today’s primary subsidy for homeowners.
October 22, 2020C. Eugene Steuerle
Individual Taxes: TaxVox
Reforming the mortgage interest deduction (MID) could raise federal tax revenue and make the tax system more progressive. But some taxpayers, especially those with high...
July 21, 2020Chenxi LuEric Toder
: TaxVox
For years, tax reformers have advocated reducing marginal tax rates, broadening the tax base, and eliminating provisions that provide special benefits to select forms of...
December 10, 2019Eric Toder
: TaxVox
When Congress passed the Tax Cuts and Jobs Act in December of 2017, it made a number of changes to the individual income tax (almost...
September 13, 2019Robert McClellandSafia Sayed