TaxVox: Federal Budget and Economy

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

Thank You, Alice Rivlin

May 15, 2019 –
Alice Rivlin, who died yesterday at age 88, was a policy legend. She also was a kind, generous, and extraordinarily tough woman. Over more than...
Federal Budget and Economy

The Post-TCJA Economy Continues To Grow

May 7, 2019 –
The beginning of the US economy’s second year under the Tax Cuts and Jobs Act was largely positive, though some troubling signs lurked just beneath...

Estimating the Impact of Fiscal Therapy Proposals

April 25, 2019 –
In my new book, Fiscal Therapy: Curing America’s Debt Addiction and Investing in the Future , I show how to reduce federal debt in 2050...
Federal Budget and Economy

The US Budget Imbalance Needs Fiscal Therapy

April 4, 2019 –
A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...

A Cool Tool That Shows How Various Elements Of The TCJA Affect Revenues And Incomes

March 26, 2019 –
How did key elements of the 2017 Tax Cuts and Jobs Act (TCJA) affect the after-tax incomes of various income groups? And what would happen...

The Administration’s IRS Budget Contains The Good, The Bad, And The Uncertain.

March 26, 2019 –
Following nearly a decade of cutbacks in the Internal Revenue Service’s funding, many observers are concerned about the agency’s ability to enforce the tax code...

Fixing The TCJA: Restore The Personal Exemption

March 21, 2019 –
Now that Democrats have taken control of the House of Representatives, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs...
Individual Taxes

Fixing the TCJA: Restoring The Estate Tax’s Exemption Levels

March 20, 2019 –
Now that Democrats have taken control of the House of Representatives, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs...
Federal Budget and Economy

Temporary Tax Policy in the U.S.

March 19, 2019 –
Last week, I testified before the House Ways and Means Subcommittee on Select Revenue Measures on the topic of temporary tax policy. The panel called...

Did the Tax Cuts and Jobs Act Pay for Itself in 2018?

March 13, 2019 –
Were you surprised that the 2017 tax overhaul, commonly referred as the Tax Cuts and Jobs Act (TCJA), did not increase revenues in 2018? Probably...