Tax Policy Center

US economy

State and Local Issues: TaxVox

Congress Needs to Understand State Tax Revenue Declines When Drafting COVID-19 Legislation

Aid for state and local governments remains a sticking point in Congressional deliberations over additional relief to address the economic fallout from the COVID-19 pandemic...
December 10, 2020Lucy DadayanKim S. Rueben
Federal Budget and Economy: TaxVox

The US Economy Reverts To A Pre-Tax Cut Growth Rate

The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out. The US economy grew robustly in late 2017, perhaps...
August 1, 2019Howard GleckmanAravind Boddupalli
Business Taxes: TaxVox

For Many Households, Trump’s Tariffs Could Wipe Out The Benefits of the TCJA

May 14, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

The Post-TCJA Economy Continues To Grow

The beginning of the US economy’s second year under the Tax Cuts and Jobs Act was largely positive, though some troubling signs lurked just beneath...
May 7, 2019Howard GleckmanAravind Boddupalli
Individual Taxes: TaxVox

Uncle Sam Is Smaller (Relatively) Than We Thought

At 8:30 this morning, Uncle Sam suddenly shrunk. Federal spending fell from 21.5 percent of gross domestic product to 20.8 percent, while taxes declined from...
July 31, 2013Donald Marron