TaxVox: Economic effects of tax policy

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The voices of Tax Policy Center's researchers and staff

Business Taxes

The Booming Economy, Not The 2017 Tax Act, Is Fueling Corporate Tax Receipts

June 3, 2022 –
Corporate tax revenues boomed in 2021 and some supporters of the 2017 Tax Cuts and Jobs Act argue that the big tax reductions in the...
Federal Budget and Economy

Should Congress Raise Taxes To Fight Inflation?

June 2, 2022 –
Should Congress Use Tax Hikes To Fight Inflation? In a Monday Wall Street Journal column (paywall), President Biden urged Congress to help fight inflation by...

Happy Birthday, TPC

April 1, 2022 –
On April 1, 2002, a press release announced, “The Tax Policy Center, a new joint venture between the Urban Institute and the Brookings Institution” was...
Federal Budget and Economy

How the TCJA Affected the Housing Market

March 30, 2022 –
When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...
Federal Budget and Economy

Note To Governors: Cutting Taxes Will Make Inflation Worse, Not Better

March 15, 2022 –
Note To Governors: Cutting Taxes May Make Inflation Worse Even as Republican governors blast President Biden and congressional Democrats for both causing inflation and failing...

Are Current Hill Tax Plans Enough To Fund A Scaled-Back Climate And Social Spending Bill?

March 10, 2022 –
In a 50-50 Senate where every vote counts, President Biden’s “Build Back Better” (BBB) fiscal agenda has a new name and—if it wants the vote...

Higher Oil Prices Can Help Fuel Green Transition

March 1, 2022 –
Democratic leaders have pledged to combat higher petroleum prices due to Russia’s invasion of the Ukraine. Shying away from a Russian oil boycott , they...

How the Pandemic Affected the TCJA’s Shift to A Chained CPI Index

February 4, 2022 –
The 2017 Tax Cuts and Jobs Act (TCJA) changed the way parts of the tax code are indexed for inflation. Instead of using the standard...
Federal Budget and Economy

Lessons from the 2009 Recovery Act for an Inclusive Recovery from the Pandemic

December 14, 2021 –
The federal government and many state and local governments are placing equity at the forefront of their pandemic relief efforts. But to effectively follow through...
Federal Budget and Economy

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

November 17, 2021 –
A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...