TaxVox

A Better Way To Tax Corporations Than The House’s Book Minimum Levy

November 22, 2021 –

After rejecting corporate income tax rate increases to help pay for President Biden’s Build Back Better plan, House Democrats passed a 15 percent alternative minimum...

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...