TaxVox

The voices of Tax Policy Center's researchers and staff

childless EITC

Tax Reform 2.0 Should Expand Childless EITC To Reduce Poverty

August 6, 2018 –
House Ways & Means Committee Chair Kevin Brady (R-TX) and other top House Republicans are exploring some ideas for a proposed tax reform 2.0 ,...
capital gains taxes

Indexing Capital Gains Could Both Reduce Lock-In and Harm the Economy

August 3, 2018 –
In response to my post attempting to shoot down the Trump Administration’s trial balloon re capital gains indexation, a financial advisor wondered if I might...

Opportunity Zones May Create More Opportunities for Investors and Syndicators Than Distressed Communities

August 2, 2018 –
The Tax Cuts and Jobs Act (TCJA) created a new tax-advantaged Opportunity Zone program to encourage investments in economically-distressed communities that are nominated by governors...
State and Local Issues

High Hopes and Altered States: Choices, Marijuana, and Tax Revenue

August 1, 2018 –
If legalized this fall, taxing recreational marijuana in Michigan can produce a fairly large pot of money. The state's new governor, also to be chosen this fall , could modify the current marijuana tax plan. What should he or she consider?

Indexing Capital Gains via Regulations is Still a Bad Idea

July 31, 2018 –
The Trump Administration reportedly is thinking about using its executive authority to redefine capital gains so only returns from the sale of assets in excess...
Federal Budget and Economy

The Post-TCJA Economy: Good News Mixed With Some Important Warning Signs

July 31, 2018 –
Tax Vox is continuing to track a set of economic indicators to see whether the Tax Cuts and Jobs Act has, in President Trump’s words,...
Federal Budget and Economy

Congress and President Trump Are Spending Money and Cutting Taxes Like There Is No Tomorrow

July 26, 2018 –
What is the difference between Chicago mayoral candidate Willie Wilson, and President Trump and Congress? Wilson, you may recall, spent last Sunday handing out an estimated...
Campaigns, Proposals, and Reforms

House GOP Cuts Taxes For Pass-Through Businesses, Then Worries About A Shift To Self-Employment

July 24, 2018 –
For the second time in a week, House Republicans are pushing policy changes that seem to conflict with key elements of last year’s Tax Cuts...
tariffs soy
Campaigns, Proposals, and Reforms

In A Trade War, The Enemy Is Us

July 23, 2018 –
Walt Kelly ’s comic strip character Pogo said: “We have met the enemy and he is us.” It seems a particularly apt metaphor for the...
carbon tax

Distributional Effects of a Carbon Tax Depend on How the Revenue is Spent

July 19, 2018 –
Columbia University’s Center on Global Energy Policy just released a series of papers on how a carbon tax would reduce greenhouse gas emissions, affect economic...