TaxVox

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The voices of Tax Policy Center's researchers and staff

Fixing The TCJA: Restore The Personal Exemption

March 21, 2019 –
Now that Democrats have taken control of the House of Representatives, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs...
Individual Taxes

Fixing the TCJA: Restoring The Estate Tax’s Exemption Levels

March 20, 2019 –
Now that Democrats have taken control of the House of Representatives, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs...
Individual Taxes

Fixing The TCJA: How Should Congress Treat the Alternative Minimum Tax?

March 19, 2019 –
Now that Democrats have taken control of the House, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs Act. There...
Federal Budget and Economy

Temporary Tax Policy in the U.S.

March 19, 2019 –
Last week, I testified before the House Ways and Means Subcommittee on Select Revenue Measures on the topic of temporary tax policy. The panel called...
Individual Taxes

"Let Me Tell You About The Very Rich. They Are Different From You And Me.”

March 18, 2019 –
F. Scott Fitzgerald wasn’t talking about the way they make their money, or the taxes they pay, but he could have been. According to a...

To Help Close The Tax Gap The IRS Should Focus On Small Business Compliance, Not EITC Claimants

March 14, 2019 –
Although overall IRS audit rates are remarkably low (less than one percent), returns claiming an EITC are twice as likely to be audited as those...

Did the Tax Cuts and Jobs Act Pay for Itself in 2018?

March 13, 2019 –
Were you surprised that the 2017 tax overhaul, commonly referred as the Tax Cuts and Jobs Act (TCJA), did not increase revenues in 2018? Probably...
Federal Budget and Economy

A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s

March 13, 2019 –
A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s President Trump’s 2020 budget is based upon an extremely optimistic view of the nation’s...
Individual Taxes

Is The US Ready For A Gas Tax Increase?

March 12, 2019 –
Is The US Ready For A Gas Tax Increase? House Democrats are talking enthusiastically about passing a big infrastructure bill by summer. President Trump keeps...
State and Local Issues

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

March 12, 2019 –
The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...