Tax Policy Center

The Senate’s Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers

The Senate’s Tax Cuts and Jobs Act (TCJA) could reduce taxes by nearly three times as much for business owners in 2019 as for people...

December 13, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Only 1,700 Estates Would Owe Estate Tax in 2018 Under the TCJA

The House and Senate versions of the Tax Cuts and Jobs Act would reduce the number of taxable estates by about two-thirds in 2018, and...

December 6, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Despite Many Changes, The Senate’s Tax Cut Still Mostly Benefits Business and High-Income Households

Though the Senate made dozens of changes to the Tax Cuts and Jobs Act (TCJA) before passing the measure early Saturday morning, the bill’s overall...

December 4, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

TPC Finds The Senate Finance Panel’s Tax Cut Would Generate Little Economic Growth

The Senate Finance Committee version of the Tax Cuts and Jobs Act would increase Gross Domestic Product modestly until 2025, and by even less after...

December 1, 2017Howard Gleckman

Individual Taxes: TaxVox

What Will Lawmakers Do If They Can’t Add New Itemized Deductions?

Despite all their rhetoric about closing special interest loopholes, politicians love nothing more than delivering federal largesse to favored constituents. But with new spending programs...

November 28, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The House Version Of The TCJA Would Modestly Boost The Economy

The House-passed version of the Tax Cuts and Jobs Act (TCJA) would benefit the economy modestly over the next 20 years but by far less...

November 20, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Senate Finance Panel Tax Bill Would Trim Taxes At First But Raise Them For Half Of Households By 2027

The Senate Finance Committee’s version of the Tax Cut and Jobs Act would cut taxes by an average of $1,300 in 2019, according to a...

November 20, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The House’s Tax Bill Would Cut Taxes Mostly For The Highest-Income Households

The latest version of the House Ways & Means Committee’s Tax Cuts & Jobs Act (TCJA), now due to be voted on by the full...

November 13, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Ways & Means Bill Would Cut Middle-Income Taxes Modestly in 2018, Even Less in 2027

Despite President Trump’s repeated promise that an upcoming tax cut would be the biggest in US history, the proposal now being considered by the House...

November 8, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The Big Six Tax Outline Would Lose $2.4 Trillion Over 10 Years, According To TPC’s New Dynamic Score

A new Tax Policy Center “dynamic analysis” of the Big Six’s “Unified Framework” tax plan finds it would fail to achieve President Trump’s promise of...

October 27, 2017Howard Gleckman