Tax Policy Center

TCJA

Federal Budget and Economy: TaxVox

Revisions To Revenue Projections Suggest That The TCJA Cost More Than Expected

Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
November 5, 2019Benjamin R. Page
: TaxVox

Treasury Keeps Obama Administration Earnings Stripping Regulations, But Limits Them

Yesterday, the Treasury Department announced it would keep, but limit, an important tool added by the Obama Administration to stem tax-driven corporate inversions: the regulations...
November 1, 2019Steven M. Rosenthal
: TaxVox

The TCJA Didn’t Change Child Benefits For Most Families With Children By Very Much

The Tax Cuts and Jobs Act (TCJA) significantly changed how families with children were treated under the individual income tax, but for many - changed...
October 8, 2019Elaine Maag
State and Local Issues: TaxVox

Did SALT-y Voters Punish Republicans in 2018?

How important was the 2017 Tax Cuts and Jobs Act’s (TCJA’s) cap on the state and local tax (SALT) deduction in the 2018 congressional elections?...
October 8, 2019Noah Zwiefel
Federal Budget and Economy: TaxVox

How To Remake The TCJA Into Pro-Growth, Progressive Tax Reform

The Tax Cuts and Jobs Act (TCJA) cut federal tax revenues by nearly $2 trillion over its first decade, with almost all the benefit going...
October 7, 2019Leonard E. Burman
: TaxVox

The TCJA’s Cap On Mortgage Interest Deductions Tells Us That Taxes Matter, Up To A Point

When Congress passed the Tax Cuts and Jobs Act in December of 2017, it made a number of changes to the individual income tax (almost...
September 13, 2019Robert McClellandSafia Sayed
Federal Budget and Economy: TaxVox

Forms and Follies: IRS Midcourse Corrections of Tax Forms

The great architect Louis Sullivan once wrote , “form follows function.” I can’t help but wonder if, in the less stable world of tax, new...
September 3, 2019Robert A. Weinberger
State and Local Issues: TaxVox

Minnesota’s Struggles To Conform to the TCJA Made Its CPAs Happy. Taxpayers, Not So Much.

It’s an unusually glamorous time to be an accountant in Minnesota. Over the past year, certified public accountants (CPAs) and other professional tax preparers have...
August 26, 2019Erin HufferMaxwell Grozovsky
: TaxVox

States Must Be Aware Of How Big Changes In Federal Law Affect Their Revenue Codes

All states with an income tax link to the federal tax system to some degree. This system of federal-state conformity helps taxpayers by standardizing the...
August 19, 2019Erin Huffer
Federal Budget and Economy: TaxVox

Post TCJA Bonuses Were Mostly a Timing Shift, Not A Boost In Long-Term Worker Pay

A spike in announcements of bonus payments for workers followed the passage of the Tax Cuts and Jobs Act (TCJA) in December 2017, and President...
July 16, 2019Theo BurkeSteven M. Rosenthal