TaxVox

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

Congress Should Include More Unemployment Benefits And Another Stimulus Payment In A New Relief Bill

December 16, 2020 –
One of the major skirmishes in the months-long battle over the fate of a new pandemic relief bill is this one: Should a new effort...
Business Taxes

Biden’s Corporate Rate Increase Would Raise Revenue Efficiently and Progressively

December 15, 2020 –
President-elect Joe Biden has proposed major changes to the corporate income tax regime, including: Raising the federal statutory corporate income tax rate from 21% to...

Congress Could Fix the ACA’s Individual Mandate Without Waiting for the Supreme Court

December 14, 2020 –
In the coming months, the US Supreme Court will rule for the third time on the constitutionality of the individual mandate that is a central...
State and Local Issues

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

December 10, 2020 –
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...
Federal Budget and Economy

Should We Worry About The Long-Term Federal Debt In An Era of Low Interest Rates?

December 7, 2020 –
For decades, conventional wisdom said that high levels of federal debt created a significant drag on the economy by diverting money that could more productively...
Federal Budget and Economy

Will COVID-19 Relief Talks End Differently This Time?

December 3, 2020 –
By embracing a $908 billion bipartisan pandemic relief plan , congressional Democratic leaders may have jump-started long-dormant talks over short-term economic aid. A nudge by...

A Tax on Remote Work: Yes or No?

December 2, 2020 –
My husband has been working from home since the pandemic struck in March. If you ask him about it, he’ll teasingly say he’ll never go...
Business Taxes

The Supreme Court Is Hearing A Case That Could Block the IRS From Halting Abusive Tax Shelters

November 30, 2020 –
Tomorrow, the US Supreme Court will hear oral arguments in CIC Services v. IRS, a case that threatens to damage the integrity of the tax...
Individual Taxes

Key Questions Biden Will Need to Answer About His First-Time Down Payment Tax Credit

November 30, 2020 –
There are many benefits to a first-time homebuyer tax credit, such as the one proposed by President-elect Joe Biden. However, the transition from the...
Individual Taxes

How Much Will Future Retirees Receive in Lifetime Social Security and Medicare Benefits?

November 24, 2020 –
Typical millennial couples born in 1995 who retire in 2060 are scheduled to receive about $2.2 million in lifetime Social Security and Medicare benefits.