TaxVox

The voices of Tax Policy Center's researchers and staff

Campaigns, Proposals, and Reforms

How would the TCJA treat my family? The same, but different

December 6, 2017 –
Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.
Federal Budget and Economy

Is Infrastructure A Bridge Too Far?

December 5, 2017 –
President Trump wants to do something about infrastructure. As a presidential candidate, he decried the state of American roads, bridges, transit, and airports, comparing the...
Campaigns, Proposals, and Reforms

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act

December 5, 2017 –
Seven Take-Aways From The Senate’s Tax Cut and Jobs Act The Senate’s version of the Tax Cut and Jobs Act (TCJA) is a big,...
Campaigns, Proposals, and Reforms

Despite Many Changes, The Senate’s Tax Cut Still Mostly Benefits Business and High-Income Households

December 4, 2017 –
Though the Senate made dozens of changes to the Tax Cuts and Jobs Act (TCJA) before passing the measure early Saturday morning, the bill’s overall...
Campaigns, Proposals, and Reforms

TPC Finds The Senate Finance Panel’s Tax Cut Would Generate Little Economic Growth

December 1, 2017 –
The Senate Finance Committee version of the Tax Cuts and Jobs Act would increase Gross Domestic Product modestly until 2025, and by even less after...

Comparing the House and Senate Tax Cut Bills to the GOP Presidential Campaign Promises

November 30, 2017 –
The New York Times reports that some Republican senators are clamoring for larger tax cuts, especially for pass-through business income. The Times says that while...

How Congress Violates Its Own Goals for Tax Reform

November 29, 2017 –
Bismarck is credited with the warning: “If you like laws and sausages, you should never watch either one being made.” It is never truer than...

What Congressional Tax Cutters Can Learn From Kansas

November 29, 2017 –
As the House and Senate rush to complete a tax bill that will do little to improve the economy, it is worth looking at another...
Individual Taxes

What Will Lawmakers Do If They Can’t Add New Itemized Deductions?

November 28, 2017 –
Despite all their rhetoric about closing special interest loopholes, politicians love nothing more than delivering federal largesse to favored constituents. But with new spending programs...

Current Tax Reform Bills Could Encourage US Jobs, Factories and Profits to Shift Overseas

November 28, 2017 –
The Tax Cut and Jobs Act (TCJA) that the Senate is debating this week would fundamentally change the way US-based multinational corporations are taxed on...