TaxVox: Economic effects of tax policy

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

James Mirrlees, A Public Finance Giant

September 20, 2018 –
Professor James Mirrlees passed away last month at age 82. The Nobel prize-winning economist was a leading public finance theorist who emphasized the optimal design...
Federal Budget and Economy

The TCJA Is Increasing The Share Of Households Paying No Federal Income Tax

September 5, 2018 –
The Tax Policy Center has updated its estimate of the percentage of Americans who pay no federal individual income taxes. And the number is: 44...

Treasury Dashes The Charity Workaround For SALT, Also Limits Tax Credit Programs For Private Schools

August 24, 2018 –
As warned earlier , Treasury proposed rules to block a state and local tax (SALT) deduction workaround strategy that had been adopted by New York...

Opportunity Zones May Create More Opportunities for Investors and Syndicators Than Distressed Communities

August 2, 2018 –
The Tax Cuts and Jobs Act (TCJA) created a new tax-advantaged Opportunity Zone program to encourage investments in economically-distressed communities that are nominated by governors...
Federal Budget and Economy

The Post-TCJA Economy: Good News Mixed With Some Important Warning Signs

July 31, 2018 –
Tax Vox is continuing to track a set of economic indicators to see whether the Tax Cuts and Jobs Act has, in President Trump’s words,...

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...