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The voices of Tax Policy Center's researchers and staff

Tariffs, Trade and Time: Making America Pay Again

July 3, 2018 –
Happy Fourth! Between barbecues and fireworks, we should think about what colonial Americans wanted when they declared independence: Among their demands, the right to conduct business freely and to consent to the taxes they paid.
Business Taxes

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

June 4, 2018 –
The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...
Federal Budget and Economy

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...
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...

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...

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...