TaxVox

The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

How Will Congress Fund Roads and Transit?

July 7, 2015 –
In 24 days, federal spending authority under the highway trust fund comes to an end. Without legislation to keep the program going and money to...
Federal Budget and Economy

The Tax Policy Center Has Updated Its Tax Model

July 6, 2015 –
The Tax Policy Center has revised its microsimulation tax model, updating and broadening its underlying database and adding excise taxes to the mix...
Individual Taxes

Who Benefits the Most from an Across-the-Board Cut in Individual Tax Rates?

July 2, 2015 –
Just about every tax reform plan calls for cutting individual tax rates. But it turns out that a one percentage point across-the-board rate cut would...
State and Local Issues

Puerto Rico: Not Your Father’s Debt Crisis – or Your Greek Uncle’s

July 1, 2015 –
In a remarkable statement, Governor Alejandro Garcia Padilla announced this week that Puerto Rico’s debts are “not payable.” Nobody was really...
Individual Taxes

MEGA tax credits: Will Michigan bust a deal, or will residents face the wheel?

July 1, 2015 –
In the classic post-apocalyptic film Mad Max: Beyond Thunderdome , those who back out of deals in Tina Turner’s Bartertown face a wheel of fortune...
Individual Taxes

The Uneasy Case for a Financial Transaction Tax

June 30, 2015 –
In recent years, there has been a resurgence of interest in an old idea—a financial transaction tax, or FTT. In a new paper , The Tax Policy Center...

One more step for equality, and two views on state EITCs

June 29, 2015 –
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6. Wyden promises tax changes in the wake of the...
Individual Taxes

Combined Tax Rates and Creating a 21st Century Social Welfare Budget

June 26, 2015 –
In testimony yesterday before a joint hearing of two House subcommittees, I urged Congress to modernize the nation’s social welfare programs to focus...
State and Local Issues

Michigan, out of ideas, might ask poor to pick up transportation tab

June 25, 2015 –
Michigan desperately needs more money for transportation. Republican Gov. Rick Snyder called the state’s roads and bridges "rotten" in his State of...
Federal Budget and Economy

Everything You Should Know about Taxing Carbon

June 25, 2015 –
Climate change is hot. From the pope’s encyclical to the upcoming United Nations conference in Paris, leaders are debating how to slow and eventually...