Tax Policy Center

Tax Cuts and Jobs Act

Federal Budget and Economy: TaxVox

Trump’s Trade and Immigration Policies Could Wipe Out Any Benefits Of The TCJA

President Trump and his allies in Congress promised that the Tax Cuts and Jobs Act (TCJA) would supercharge the US economy, leading to permanent annual...
June 1, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The Nation’s Partisan Divide Is Infecting Tax Policy

“Don’t tax me, don’t tax thee, tax that fella behind the tree.” This bit of doggerel, attributed to the late Senate Finance Committee Chairman Russell...
May 30, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Has Uncertainty Undercut the TCJA’s Promised Investment Benefits?

While the Tax Cuts and Jobs Act significantly cuts taxes for US corporations, it may have created so much uncertainty that the promised benefits of...
May 23, 2018Howard Gleckman
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
Campaigns, Proposals, and Reforms: TaxVox

How Will Treasury Fill In the Blanks Of The Tax Cuts and Jobs Act?

When Congress passed the Tax Cuts and Jobs Act (TCJA) last December, it may have seemed like the end of a major policy initiative. But,...
April 17, 2018Howard Gleckman
Federal Budget and Economy: TaxVox

Five Take-Aways From CBO’s Budget Outlook

The headline from the updated budget and economic outlook released yesterday by the Congressional Budget Office was no surprise: The combination of the tax cuts...
April 10, 2018Howard Gleckman
Business Taxes: TaxVox

The Post-TCJA’s Race To the Bottom

Corporations, owners of partnerships and other pass-through businesses, and millions of ordinary individual taxpayers are scrambling to understand how the Tax Cuts and Jobs Act...
April 5, 2018Howard Gleckman
: TaxVox

Conformity and Child Tax Credits: How Idaho’s $100 Million Tax Cut Could Raise Taxes on Large Families

Idaho Gov. Butch Otter signed a $100 million tax cut last Monday. The bill would reduce Idaho’s individual and corporate income tax rates and lower...
March 21, 2018Richard C. Auxier
: TaxVox

1986 RIP: Different Tax Rates for Different Income Sources

The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...
March 16, 2018Eric Toder
: TaxVox

Charities Have Plenty of Opportunity to Advance Giving Despite Tax Law Losses

By substantially cutting the number of taxpayers who will receive a charitable deduction, the Tax Cuts and Jobs Act (TCJA) has created an opportunity for...
February 28, 2018C. Eugene Steuerle