TaxVox

The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

Are We Beginning An Historic Debate Over Work In the US?

April 27, 2018 –
Are We Beginning An Historic Debate Over Work In The US? What should the federal government do to encourage people to work? Should it try...

TPC Releases Updated Marriage Penalty and Bonus Calculator For 2018, Including The TCJA

April 26, 2018 –
Just in time for wedding season, the Tax Policy Center has released an updated version of our Marriage Bonus and Penalty Calculator . The calculator...
State and Local Issues

Ready, Or More Often Not, States Make Big Tax Changes

April 23, 2018 –
When Congress passed the Tax Cuts and Jobs Act (TCJA) in December, it forced states to confront major tax policy issues of their own ,...
Federal Budget and Economy

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

April 23, 2018 –
CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...

What Republicans and Democrats Can Learn from “The Myth of Millionaire Tax Flight”

April 20, 2018 –
In red states like Oklahoma , Kentucky , and West Virginia , teachers forced legislators to confront how low-tax policies have starved their education systems...
Individual Taxes

How To Improve the Child Tax Credit for Very Low-Income Families

April 19, 2018 –
The Tax Cuts and Jobs Act made many changes to the individual income tax. In particular, the child tax credit (CTC) was increased to provide...
State and Local Issues

Maryland’s Sweetheart Offer to Amazon Makes No Sense

April 18, 2018 –
My home state of Maryland has agreed to give Amazon as much as $5.6 billion in state tax breaks, nearly $1 billion in local tax...
Campaigns, Proposals, and Reforms

How Will Treasury Fill In the Blanks Of The Tax Cuts and Jobs Act?

April 17, 2018 –
When Congress passed the Tax Cuts and Jobs Act (TCJA) last December, it may have seemed like the end of a major policy initiative. But,...
Federal Budget and Economy

Does the Tax Cuts and Jobs Act Pass the Tests of Good Tax Policy?

April 12, 2018 –
On April 11, I testified before the congressional Joint Economic Committee on whether the Tax Cuts and Jobs Act (TCJA) will help Unleash… America’s Economic...
Business Taxes

Three Things You Should Know about the Buyback Furor

April 12, 2018 –
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,...