Tax Policy Center

Treasury Department

Federal Budget and Economy: TaxVox

Why Another Brutal Filing Season for The IRS May Not Help It Get More Funding

The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting...
April 18, 2022Janet Holtzblatt
: 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

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
: 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
Federal Budget and Economy: TaxVox

The Price Of Tax Cuts And Spending Hikes

The Treasury Department reported this week that the federal budget deficit for fiscal year 2018 increased by $113 billion, or 17 percent from 2017, resulting...
October 17, 2018Howard Gleckman
: TaxVox

Treasury Dashes The Charity Workaround For SALT, Also Limits Tax Credit Programs For Private Schools

As warned earlier , Treasury proposed rules to block a state and local tax (SALT) deduction workaround strategy that had been adopted by New York...
August 24, 2018Steven M. Rosenthal
Campaigns, Proposals, and Reforms: TaxVox

How Will Treasury Fill In the Blanks Of The Tax Cuts and Jobs Act?

When Congress passed the Tax Cuts and Jobs Act (TCJA) last December, it may have seemed like the end of a major policy initiative. But,...
April 17, 2018Howard Gleckman
Federal Budget and Economy: TaxVox

Can Treasury Rewrite the New Tax Bill?

Last year, Congress proved it can act quickly—enacting the massive Tax Cuts and Jobs Act (TCJA) just six weeks after the first version was introduced...
February 26, 2018Steven M. Rosenthal
Individual Taxes: TaxVox

Kautter Is The Wrong Choice As Acting IRS Commissioner

President Trump has named Assistant Treasury Secretary for Tax Policy David Kautter as acting commissioner of the IRS. He’d serve in both posts until a...
October 26, 2017Howard Gleckman
Business Taxes: TaxVox

Treasury's New Rules May Slow, But Won’t Stop Corporate Tax Inversions

Will Treasury’s new rules stop the wave of corporate tax inversions? No they won’t. Treasury Secretary Jack Lew acknowledged as much when the agency proposed the curbs yesterday. Will they slow the practice? Perhaps, but even that is not certain. In a perverse way, Treasury’s most effective weapon
September 23, 2014Howard Gleckman