TaxVox

The voices of Tax Policy Center's researchers and staff

Campaigns, Proposals, and Reforms

The House Ways and Means Tax Bill Would Raise the National Debt to 123 percent of GDP by 2037

November 16, 2017 –
The Tax Policy Center estimates that the House Ways and Means Committee’s version of the Tax Cut and Jobs Act (TCJA) would increase the ratio...

Repealing The Estate Tax Could Allow Heirs Of The Very Wealthy To Avoid Tax On Capital Gains

November 16, 2017 –
he House is expected to vote today to reduce, then repeal the estate tax. The tax currently applies to only about 5,000 of the nation’s...

The House Tax Bill Would Simplify Higher Ed Subsidies, But The Price Would Be Higher Costs For Many

November 16, 2017 –
The House Ways & Means Committee version of the Tax Cuts and Jobs Act (TCJA) rightly aims to simplify a complex system of tax subsidies...
Campaigns, Proposals, and Reforms

Chairman Hatch’s Newest Tax Bill: Let’s Call (Almost) The Whole Thing Off

November 15, 2017 –
Late last night, Senate Finance Committee Chair Orrin Hatch (R-UT) revealed his revised version of the Tax Cuts and Jobs Act, which the panel will...

The House Tax Bill Is Not Very Charitable to Nonprofits

November 15, 2017 –
Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax deduction, other income tax provisions of the...

A Bubble with a Bite: The House Tax Bill Implies a 49.4 Percent Top Effective Tax Rate

November 14, 2017 –
Later this week, the House will vote on its version of the Tax Cuts and Jobs Act (TCJA). The bill advertises a top individual income...

Many Families with Children Won’t Be Helped By The House Version Of The Tax Cuts And Jobs Act

November 14, 2017 –
President Trump and House Republicans promised families a significant increase in the Child Tax Credit (CTC) . The House Ways & Means Committee’s Tax Cuts...
Campaigns, Proposals, and Reforms

The House’s Tax Bill Would Cut Taxes Mostly For The Highest-Income Households

November 13, 2017 –
The latest version of the House Ways & Means Committee’s Tax Cuts & Jobs Act (TCJA), now due to be voted on by the full...
Campaigns, Proposals, and Reforms

The Two GOP Tax Plans Differ In Details But Both Are Big Tax Cuts For Business, Modest Reductions For Households

November 10, 2017 –
While many analysts are focusing on the differences between the House Ways & Means Committee’s tax cut and the just-released version proposed by Senate Finance...
Campaigns, Proposals, and Reforms

Cutting Taxes the Hard Way

November 9, 2017 –
The House Ways & Means Committee’s proposed tax bill is routinely described as a $1.5 trillion tax cut. But to understand why the GOP is...