Tax Policy Center

tax increases

Campaigns, Proposals, and Reforms: TaxVox

Sanders Proposes a $23 Trillion Tax Increase, Mostly On High-Income Households And Businesses

Excluding tax hikes to fund Medicare for All, Sanders would boost federal revenue by about 3.6 percent of gross domestic product.
March 19, 2020Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Biden Would Raise Taxes by $4 Trillion Over 10 Years, Mostly on The Highest-Income Households

Former Vice President Joe Biden would raise taxes by nearly $4 trillion over the next decade, about 1.5 percent of gross domestic product.
March 5, 2020Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Democrats In Love With Big Tax Hikes Might Do Well To Remember Walter Mondale

When was the last time a presidential candidate promised to raise taxes?
December 9, 2019Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Reading President Bush’s Lips

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

Why Do House Democrats Want To Limit Their Ability To Raise Revenue?

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

What Would It Take For Congress To Bring The Federal Debt Down To Manageable Levels

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

What Singapore and Germany Can Teach The US About Fiscal Policy

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

Clinton and Sanders Face Off Over Who Should Pay for New Social Programs

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

Tax Relief for the Few, Tax Increases for All… or None

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

Spending Cuts, Surpluses and Sales Opportunities

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