TaxVox: Business Taxes

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The voices of Tax Policy Center's researchers and staff

Business Taxes

What We Are Learning About Firms That Received PPP Loans in 2020

February 18, 2021 –
The Paycheck Protection Program (PPP) was considered essential to last year’s bipartisan COVID-19 relief packages, and many policymakers initially hailed the CARES Act version as...

TaxVox’s Lump of Coal Award For The Worst Tax Policy Ideas of 2020

December 22, 2020 –
It goes without saying that 2020 was an awful year. Bad tax policy didn't make it much better.
Business Taxes

Biden’s Corporate Rate Increase Would Raise Revenue Efficiently and Progressively

December 15, 2020 –
President-elect Joe Biden has proposed major changes to the corporate income tax regime.
Business Taxes

The Supreme Court Is Hearing A Case That Could Block the IRS From Halting Abusive Tax Shelters

November 30, 2020 –
Tomorrow, the US Supreme Court will hear oral arguments in CIC Services v. IRS, a case that threatens to damage the integrity of the tax...
Campaigns, Proposals, and Reforms

TPC Revises Its Revenue Estimate of Biden’s Tax Plan Downward to $2.1 Trillion Over 10 Years

November 6, 2020 –
The Tax Policy Center has revised its analysis of former Vice President Joe Biden’s tax plan. TPC’s new analysis finds Biden’s tax proposals would raise...
Campaigns, Proposals, and Reforms

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

October 27, 2020 –
During each presidential election, the Tax Policy Center analyzes the tax policies of the two major candidates. This year, TPC estimated the effects of Democratic...
Business Taxes

Who Owns US Stock? Foreigners and Rich Americans.

October 20, 2020 –
Our new analysis shows that foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement...

How Much More Money Could The IRS Collect If Congress Gave Them More Money?

September 28, 2020 –
Would increasing the Internal Revenue Service’s funding for audits increase tax collections by more than the cost? Yes, if the funds are spent wisely.
Individual Taxes

A New Study Suggests Congress Could Raise Money By Increasing Capital Gains Tax Rates To 47 Percent. But There Is A Catch

September 16, 2020 –
Democratic presidential candidate Joe Biden has proposed raising tax rates on long-term capital gains income for the highest-income investors.
Individual Taxes

Uber, Taxes, and the Question of Who’s an Employee in the Gig Economy

August 20, 2020 –
Uber and Lyft are threating to shut down operations in California because the state considers their drivers employees rather than independent contractors. The distinction might...