TaxVox: Federal Budget and Economy

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The voices of Tax Policy Center's researchers and staff

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...

CBO Estimates Imply That TCJA Will Boost Incomes For Foreign Investors But Not For Americans

May 10, 2018 –
Proponents of the Tax Cut and Jobs Act (TCJA) claimed it would boost the US economy and generate higher incomes for the American people. At...

How Recent Tax Reform Sounds a Clarion Call for Real Reform of Homeownership Policy

May 9, 2018 –
By roughly doubling the standard deduction and limiting the deduction from federal taxable income of state and local taxes (SALT), the Tax Cut and Jobs...
Federal Budget and Economy

Has The TCJA Supercharged The Economy? The Data Don’t Show It.

May 2, 2018 –
President Trump often says the Tax Cuts and Jobs Act has provided “rocket fuel” that will supercharge the US economy. He may, eventually, be right...
Federal Budget and Economy

CBO Thinks The TCJA Will Cost $433 Billion More Than Last December’s Estimate. What Happened?

April 30, 2018 –
In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...
Federal Budget and Economy

Are We Beginning An Historic Debate Over Work In the US?

April 27, 2018 –
Are We Beginning An Historic Debate Over Work In The US? What should the federal government do to encourage people to work? Should it try...

TPC Releases Updated Marriage Penalty and Bonus Calculator For 2018, Including The TCJA

April 26, 2018 –
Just in time for wedding season, the Tax Policy Center has released an updated version of our Marriage Bonus and Penalty Calculator . The calculator...
Federal Budget and Economy

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

April 23, 2018 –
CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...
Federal Budget and Economy

Does the Tax Cuts and Jobs Act Pass the Tests of Good Tax Policy?

April 12, 2018 –
On April 11, I testified before the congressional Joint Economic Committee on whether the Tax Cuts and Jobs Act (TCJA) will help Unleash… America’s Economic...
Federal Budget and Economy

Five Take-Aways From CBO’s Budget Outlook

April 10, 2018 –
The headline from the updated budget and economic outlook released yesterday by the Congressional Budget Office was no surprise: The combination of the tax cuts...