TaxVox

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The voices of Tax Policy Center's researchers and staff

Business Taxes

Book Minimum Tax May Discourage Investment More Than a Rate Hike

November 18, 2021 –
The House budget reconciliation deal rejected a corporate income tax rate increase in favor of a 15 percent minimum tax on book income . Though...
Individual Taxes

How An $80,000 SALT Cap Stacks Up Against A Full Deduction For Those Making $400,000 Or Less

November 18, 2021 –
Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction...
Federal Budget and Economy

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

November 17, 2021 –
A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...
Campaigns, Proposals, and Reforms

Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others

November 11, 2021 –
In a new analysis , the Tax Policy Center estimates that the major tax changes in the latest version of President Biden’s Build Back Better...

The Latest SALT Cap Fix Would Mostly Benefit High Income Households, Do Little For Middle-Income People

November 3, 2021 –
The Democrats’ latest plan to adjust the cap on the state and local tax (SALT) deduction would provide little or no benefit for low and...
Federal Budget and Economy

It’s Long Overdue for Public Finance Scholars to Study Racism in the Tax Code

November 4, 2021 –
The murder of George Floyd, in May 2020, sparked a national reckoning and renewed attention to issues of racial equity and justice. This long-overdue awakening...
Federal Budget and Economy

Settling the Dust of the Coal Industry

November 3, 2021 –
Coal miners increasingly are victims of a cruel paradox. Even as production declines, more are suffering from deadly black lung disease. Yet falling production and...

Will the Ohio Supreme Court Fuel the State’s NASCAR Tax?

November 3, 2021 –
“If you ain’t first, you’re last.” That all-or-nothing motto catalyzes number one NASCAR driver and titular hero in the 2006 spoof, Talladega Nights: The Ballad...

What Is Biden’s Minimum Book Income Tax on Corporations?

November 2, 2021 –
Last week, President Biden proposed a major change in the way some large corporations are taxed. These firms would be required to pay tax on...
Federal Budget and Economy

What is Dynamic Scoring? TPC’s Ben Page and John Buhl Discuss the Basics

November 1, 2021 –
With Congress in the midst of an intense debate over a big new tax and spending bill, policymakers are battling over the costs and economic...