Tax Policy Center

TCJA

State and Local Issues: TaxVox

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...
March 12, 2019Lucy Dadayan
: TaxVox

Carolyn Tavenner Has Left the Building: The IRS And Taxpayers Are Worse Off For It

A few weeks back, my colleague Renu Zaretsky wrote about the IRS’s brain drain. As many experienced employees retire or prepare to do so, the...
March 8, 2019Janet Holtzblatt
Federal Budget and Economy: TaxVox

What 2018’s Economic Data Tell Us About The TCJA

We now have a full year of data about the state of the US economy since President Trump signed the 2017 Tax Cuts and Jobs...
March 4, 2019Howard GleckmanAravind Boddupalli
: TaxVox

Treasury Left The Door Open To The 20-Percent Tax Deduction For Pass-Through Businesses

Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts...
January 24, 2019Steven M. Rosenthal
Individual Taxes: TaxVox

The New 1040 Will Fit On A (Big) Postcard, But It Won’t Make Tax Filing Any Simpler

When tax filing season begins in a few weeks, you’ll likely hear senior Trump Administration officials and some congressional Republicans boasting yet again about how...
January 15, 2019Howard Gleckman
Individual Taxes: TaxVox

If Tax Refunds And Benefits Are Delayed By Shutdown, That Would Hurt Vulnerable Americans

For many US households, the ongoing partial government shutdown is inconvenient. But for low-income households, it may become a severe hardship. If the shutdown goes...
January 14, 2019Elaine Maag
Individual Taxes: TaxVox

Congress Should Make The EITC Available To Older Workers

The earned income tax credit (EITC) lifts millions of workers out of poverty each year. But older workers who do not live with minor children...
January 13, 2019Elaine Maag
: TaxVox

Congress In 2019: What’s Ahead For Fiscal Policy?

The return of divided government and the early stages of the next presidential election create enormous uncertainty about how 2019 will go. As Yogi Berra...
January 4, 2019William G. GaleMark J. Mazur
: TaxVox

(Not So) Happy Birthday to the Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest tax overhaul in the United States in...
December 19, 2018William G. Gale
State and Local Issues: TaxVox

States Enjoyed Another Stellar Quarter Of Revenue Growth; But The Longer-Term Fiscal Outlook Is Cloudy

States closed their fiscal 2018 books at the end of June on a positive note. But they shouldn’t bank on the good times lasting forever...
December 18, 2018Lucy Dadayan