Tax Cuts and Jobs Act

Taxes and Growth – A Cautionary Graph

The Trump Administration claims that the tax cut going through the House and Senate will significantly boost the overall growth rate of the U.S. economy...

November 28, 2017William G. Gale

: TaxVox

The Senate Tax Bill Would Impose High Marginal Tax Rates on Some Pass-through Owners

Ever since his presidential campaign, Donald Trump has insisted that Congress lower tax rates on income earned by pass-through businesses such as partnerships, S corporations,...

November 27, 2017Joseph Rosenberg

Individual Taxes: TaxVox

Taxing Alcohol May Not Reduce Drunk Driving Accidents: Lessons From Illinois

The debate in Congress over the Tax Cuts and Jobs Act has attracted new attention to how government should tax alcoholic beverages. Lawmakers have proposed...

November 27, 2017John Iselin

Campaigns, Proposals, and Reforms: TaxVox

What Happened To The Base-Broadeners In Congress’s Tax Cut Bill?

Want to know why the individual tax rate cuts in the Senate version of the Tax Cuts and Jobs Act are so small. Or conversely,...

November 27, 2017Howard Gleckman

Individual Taxes: TaxVox

If You Care about Social Security and Medicare, You Should Care about these Tax Bills

The Joint Committee on Taxation, Congressional Budget Office , and Tax Policy Center agree that, without significant changes, the House-passed tax bill (the Tax Cuts...

November 21, 2017Melissa M. Favreault

Campaigns, Proposals, and Reforms: TaxVox

The House Version Of The TCJA Would Modestly Boost The Economy

The House-passed version of the Tax Cuts and Jobs Act (TCJA) would benefit the economy modestly over the next 20 years but by far less...

November 20, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The House Ways and Means Tax Bill Would Raise the National Debt to 123 percent of GDP by 2037

The Tax Policy Center estimates that the House Ways and Means Committee’s version of the Tax Cut and Jobs Act (TCJA) would increase the ratio...

November 16, 2017Eric Toder

: TaxVox

Repealing The Estate Tax Could Allow Heirs Of The Very Wealthy To Avoid Tax On Capital Gains

he House is expected to vote today to reduce, then repeal the estate tax. The tax currently applies to only about 5,000 of the nation’s...

November 16, 2017Robert McClelland

: TaxVox

The House Tax Bill Would Simplify Higher Ed Subsidies, But The Price Would Be Higher Costs For Many

The House Ways & Means Committee version of the Tax Cuts and Jobs Act (TCJA) rightly aims to simplify a complex system of tax subsidies...

November 16, 2017Kim S. Rueben Gordon B. Mermin

: TaxVox

The House Tax Bill Is Not Very Charitable to Nonprofits

Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax deduction, other income tax provisions of the...

November 15, 2017Joseph Rosenberg Philip Stallworth