TaxVox

Trump’s Trade and Immigration Policies Could Wipe Out Any Benefits Of The TCJA

June 1, 2018 –

President Trump and his allies in Congress promised that the Tax Cuts and Jobs Act (TCJA) would supercharge the US economy, leading to permanent annual...

Campaigns, Proposals, and Reforms

The Nation’s Partisan Divide Is Infecting Tax Policy

May 30, 2018 –

“Don’t tax me, don’t tax thee, tax that fella behind the tree.” This bit of doggerel, attributed to the late Senate Finance Committee Chairman Russell...

Federal Budget and Economy

The Tax Cuts and Jobs Act Fell Short in a Variety of Ways, Analysts Argue

May 29, 2018 –

Participants at a May 23 event on the effects of the Tax Cuts and Jobs Act (TCJA) on economic growth broadly agreed that the 2017...

IRS Warns States to Slow Down on Charitable SALT Workarounds

May 24, 2018 –

Yesterday, the IRS issued a notice warning states that are contemplating one workaround to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on...

New Gun And Ammo Taxes Sound Like Promising Ways To Reduce Gun Violence. But There Are Problems.

May 24, 2018 –

The Gun Violence Prevention and Safe Communities Act of 2018 , introduced in Congress after February’s Parkland FL school shooting, would increase federal excise taxes...

Campaigns, Proposals, and Reforms

Has Uncertainty Undercut the TCJA’s Promised Investment Benefits?

May 23, 2018 –

While the Tax Cuts and Jobs Act significantly cuts taxes for US corporations, it may have created so much uncertainty that the promised benefits of...

State and Local Issues

Did Governors Target Opportunity Zones To Disinvested Communities?

May 22, 2018 –

Based on recommendations by the nation’s governors, the Treasury Department and IRS have designated Opportunity Zones where corporations and individuals with capital gains will receive...