Policymakers and even policy analysts often consider the progressivity of specific proposals independently from the broader systems in which they operate. Consequently, they often leave...
As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly...
if we want more of a good thing, don’t tax it. So how should we think about the vehicle-mileage tax (VMT) that raises the costs of driving planet-friendly hybrid or electric vehicles?
On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan ’s (ARP) $350 billion in direct state and local aid ,...
IRS Commissioner Charles Rettig told the Senate Finance Committee on April 13 that the agency could begin delivering monthly 2021 Child Tax Credit (CTC) payments...
Despite years of widespread discussion among lawmakers about the need to broaden the federal income tax base, tax expenditures have remained remarkably stable as a...
By approving a third round of economic impact payments (EIPs) and expanding refundability of the Child Tax Credit, Congress has made refundable tax credits a...
When Congress enacted the American Rescue Plan (ARP), it included an implicit deal: It agreed to reduce the level of additional future weekly federal unemployment...
In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...
