Tax Policy Center

Tax Policy Center

Individual Taxes: TaxVox

Hill Democrats Shift From Raising To Cutting Taxes On The Merely Rich

Democrats started this year with President Biden’s proposal to raise taxes on high-income households as a way to help pay for an ambitious social spending...
December 21, 2021Howard Gleckman
Individual Taxes: TaxVox

A $25,000 SALT Deduction Cap Would Be Only A Modest Improvement Over The House’s $80,000 Version

As Congress struggles to pass the Build Back Better bill, some congressional Democrats are exploring new proposals to raise the $10,000 cap on the state...
December 9, 2021Howard Gleckman
Business Taxes: TaxVox

A Better Way To Tax Corporations Than The House’s Book Minimum Levy

After rejecting corporate income tax rate increases to help pay for President Biden’s Build Back Better plan, House Democrats passed a 15 percent alternative minimum...
November 22, 2021Howard Gleckman
Individual Taxes: TaxVox

How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less

Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction...
November 18, 2021Howard GleckmanLeonard E. Burman
Campaigns, Proposals, and Reforms: TaxVox

Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others

In a new analysis , the Tax Policy Center estimates that the major tax changes in the latest version of President Biden’s Build Back Better...
November 11, 2021Howard Gleckman
: TaxVox

The Latest SALT Cap Fix Would Mostly Benefit High Income Households, Do Little For Middle-Income People

The Democrats’ latest plan to adjust the cap on the state and local tax (SALT) deduction would provide little or no benefit for low and...
November 4, 2021Howard Gleckman
State and Local Issues: TaxVox

Gaming The SALT Cap May Be Congress’s Worst Tax Idea Of The Year

Ever since Congress capped the state and local tax (SALT) deduction in 2017, a small group of Blue State Democrats has demanded the cap’s repeal...
October 27, 2021Howard Gleckman
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