Tax Policy Center

Tax Policy Center

Individual Taxes: TaxVox

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
August 18, 2021Howard Gleckman
Business Taxes: TaxVox

Some In the Environmental Justice Movement Oppose A Carbon Tax. That Is A Problem

While President Biden has called climate change an existential threat, his proposals for addressing it remain modest relative to the enormity of the problem. In...
July 20, 2021Howard Gleckman
Business Taxes: TaxVox

The Fate Of Biden’s Corporate Tax Hikes May Rest On Who Voters Think Pay Them

As the partisan battle heats up over President Biden’s ambitious infrastructure plan—and the tax increases to pay for it—the fate of the package will largely...
June 17, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Biden Would Raise Taxes Substantially for High Income Households and Corporations, Cut Taxes for Families with Children, According to A New TPC Analysis

Nearly all of President Biden’s proposed tax increases would be borne by the highest income 1 percent of households--those making about $800,000 or more—according to...
June 9, 2021Howard Gleckman
Individual Taxes: TaxVox

Biden’s Tax Plan May Make Congress Come to Grips With The Question: What Is Income?

Tax bills almost always force Congress to think about how to define income, but President Biden’s campaign promise to never raise taxes for those making...
May 26, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

TPC Compares President Biden’s Tax Agenda With Candidate Biden’s: Where It Differs and Where It Tracks

When Joe Biden ran for president, his campaign platform included dozens of relatively specific tax proposals. They ranged from expanding refundable tax credits for low-...
May 21, 2021Howard Gleckman
Individual Taxes: TaxVox

SALT Cap Repeal Would Overwhelmingly Benefit High Income Households

Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax...
April 23, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

TPC Releases A New Distributional Analysis Of The Pandemic Relief Bill  

The Tax Policy Center has published a new distributional analysis the American Rescue Plan (ARP) that incorporates several relatively minor tax provisions that were not...
March 11, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

Pandemic Bill Would Cut Taxes by An Average of $3,000, With Most Relief Going to Low- And Middle-Income Households

Pandemic bill would Cct taxes by an average of $3,000, with most relief going to low- and middle-income households, according to a new TPC analysis...
March 8, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

TPC Finds the Ways & Means Pandemic Relief Plan Mostly Helps Low- and Moderate-Income Households, But Higher Income Families Benefit as Well

The major tax provisions of the pandemic relief bill proposed by House Ways & Means Committee Democrats on January 8 would reduce 2021 federal taxes...
February 10, 2021Howard Gleckman