Tax Policy Center

tax increases

Campaigns, Proposals, and Reforms: TaxVox
George H.W. Bush probably gave a thousand speeches in his life. But many people remember just six words.
December 5, 2018Howard Gleckman
Federal Budget and Economy: TaxVox
House Democrats are developing new rules to govern their legislative deliberations when they take control of the House in January. One is awful.
November 30, 2018Howard Gleckman
Federal Budget and Economy: TaxVox
Back in the presidential campaign, candidate Donald Trump promised to eliminate the national debt in eight years. This goal was never plausible, even before Congress...
August 22, 2018Howard Gleckman
Federal Budget and Economy: TaxVox
The US—with a projected 2018 federal budget deficit of 4 percent of Gross Domestic Product and an economy running at close to full employment-- just...
February 22, 2018Howard Gleckman
Individual Taxes: TaxVox
Hillary Clinton and Bernie Sanders both want to create ambitious new government programs to help middle-income families with medical and education costs and family leave. Both say they’d pay for those initiatives by raising taxes. But there is an important difference between them: Clinton would
January 12, 2016Howard Gleckman
: TaxVox
Everything is bigger in Texas, except tax relief for its low-income residents. Tax cuts are a sure bet in the Lone Star state this year, but it’s hard to provide tax relief to everybody without a state income tax. TPC’s Richard Auxier explains that Texas’ reliance on sales and property taxes makes
May 7, 2015Renu Zaretsky
: 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
: Daily Deduction
The neutrality of the net: Set. Tax effects? Unclear. That’s the conclusion of Politifact after the Federal Communications Commission approved controversial regulations that will treat the Internet like a public utility. The fact checkers examined the question after GOP Senator Mike Lee claimed
February 27, 2015Renu Zaretsky
: TaxVox
High-income households can worry even less about being audited this year. Last year, the IRS audited just 7.5 percent of households earning more than $1 million in 2013. That’s the lowest share since 2009 . Its overall individual audit rate was 0.86 percent, the lowest since 2004. The IRS budget
February 25, 2015Renu Zaretsky
: TaxVox
Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes. Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers how they might shape developments in 2015. “Camp’s proposal provides the means to think seriously
December 29, 2014Renu Zaretsky