TaxVox

The voices of Tax Policy Center's researchers and staff

Comparing Estimates of the Macroeconomic Effects of Tax Policy: Growth Rates vs. Levels

December 14, 2017 –
In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...
Campaigns, Proposals, and Reforms

TPC Creates Some Examples Of How Families Would Fare Under The House And Senate Tax Bills

December 13, 2017 –
The House and Senate versions of the Tax Cuts and Jobs Act would change the tax bills of households in very different ways. To show...
Business Taxes

The Senate’s Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers

December 13, 2017 –
The Senate’s Tax Cuts and Jobs Act (TCJA) could reduce taxes by nearly three times as much for business owners in 2019 as for people...
Campaigns, Proposals, and Reforms

The Senate’s Tax Cuts and Jobs Act Would Do Little For Families with Children

December 13, 2017 –
At first glance, the Senate version of the Tax Cuts and Jobs Act (TCJA), looks friendlier to families with children than the House plan. Rather...
Campaigns, Proposals, and Reforms

The Tax Cut And Jobs Act’s Phase-Ins, Phase-Outs, And Sunsets Do Not Make A Pretty Picture

December 12, 2017 –
Among the complexities of the Tax Cuts and Jobs Act are its multiple timing changes. Both the House and Senate bills are filled with delayed effective dates, sunsets, and phase-outs.

The Senate’s Tax Cut Would Generate Little New Long-Run Economic Growth

December 11, 2017 –
The Senate version of the Tax Cuts and Jobs Act (TCJA) would increase Gross Domestic Product modestly until 2025, and by less after many of...
Campaigns, Proposals, and Reforms

Who Would Pay For The Tax Cuts and Jobs Act?

December 8, 2017 –
The House and Senate have passed different versions of the Tax Cuts and Jobs Act (TCJA). Both bills would reduce federal revenues by more than...
Campaigns, Proposals, and Reforms

Without Guiding Principles, The TCJA Is Becoming A Magnet For Special Deals

December 7, 2017 –
Tax reform is hard enough when it is based on a set of principles around which Congress can write a new law. But when lawmakers...

The Senate Would Keep The Individual AMT, But Turn It Into A Very Different Tax

December 6, 2017 –
The individual alternative minimum tax (AMT) looks like it may survive yet another tax overhaul. But the latest incarnation of the tax may look very...
Campaigns, Proposals, and Reforms

Only 1,700 Estates Would Owe Estate Tax in 2018 Under the TCJA

December 6, 2017 –
The House and Senate versions of the Tax Cuts and Jobs Act would reduce the number of taxable estates by about two-thirds in 2018, and...