TaxVox

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

Biden’s New Taxes for Billionaires: One Is Hard, One Is Easy

March 31, 2022 –
This week, President Biden proposed two new taxes on the very rich. A minimum income tax that Biden calls a billionaire tax but would in...
Individual Taxes

The Many Ways To Tax The Rich

March 31, 2022 –
How to tax the rich? Let us count the ways. New taxes on capital income? Higher income tax rates? A wealth tax? Some mash-up of...
Federal Budget and Economy

How the TCJA Affected the Housing Market

March 30, 2022 –
When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...
Campaigns, Proposals, and Reforms

Will Congress Turn Democratic Tax Hikes Into Bipartisan Tax Cuts?

March 24, 2022 –
A funny thing happened to the trillions of dollars of proposed tax increases on corporations and high-income households that were high on the agendas of...
Business Taxes

Petroleum Profit Tax Would Be Efficient and Progressive

March 21, 2022 –
The recent oil price spike has triggered many calls for a temporary windfall profit tax (WPT) on the oil industry, which the US last imposed...
Federal Budget and Economy

Note To Governors: Cutting Taxes Will Make Inflation Worse, Not Better

March 15, 2022 –
Note To Governors: Cutting Taxes May Make Inflation Worse Even as Republican governors blast President Biden and congressional Democrats for both causing inflation and failing...

Are Current Hill Tax Plans Enough To Fund A Scaled-Back Climate And Social Spending Bill?

March 10, 2022 –
In a 50-50 Senate where every vote counts, President Biden’s “Build Back Better” (BBB) fiscal agenda has a new name and—if it wants the vote...
Individual Taxes

The Uncertain Future of the IRS Free File Program

March 9, 2022 –
Most of us dread filing tax returns—it’s too complicated, too confusing, and often too expensive. The Free File Program eased some of those burdens for...

Many Low-Income Families May Not Get the Full Child Tax Credit Because They Won’t File A Tax Return

March 8, 2022 –
From July to December, the IRS delivered advanced payments of the 2021 expanded child tax credit (CTC) to the families of over 61 million children...
State and Local Issues

Congress Should Do More Than Block Tax-Exempt Bonds For Pro Sports Stadiums

March 4, 2022 –
Virginia’s efforts to subsidize a stadium and mixed-use commercial development for Dan Snyder and his Washington Commanders NFL football team would be a foolish waste...