TaxVox: Federal revenue

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The voices of Tax Policy Center's researchers and staff

State and Local Issues

TPC Analyzes Five Ways To Replace The SALT Deduction Cap

May 14, 2020 –
The $10,000 annual limit on the state and local tax (SALT) deduction was one of the most contentious provisions of the 2017 Tax Cuts and...
Federal Budget and Economy

Who Should Pay For The Economic Relief From The COVID-19 Crisis?

April 13, 2020 –
As Republicans and Democrats joined hands to provide the most recent of what might be several stages of relief from our national pandemic crisis, almost...
Individual Taxes

Six Reasons Why Trump’s Plan To Delay Tax Filing Won’t Help The Coronavirus Economy

March 12, 2020 –
President Trump says he wants to allow “certain” people and businesses to delay tax filing in an apparent effort to stabilize the economy in the...
Federal Budget and Economy

Trump’s 10 Year Revenue Estimates Would Fall By At Least $3 Trillion With Realistic Economic Assumptions

February 12, 2020 –
The Trump Administration would miss its revenue targets by at least $3 trillion under more realistic economic assumptions...
Federal Budget and Economy

Despite Trump’s Claims, It Is Hard To See Much Economic Impact Two Years After Passage Of The Tax Cuts And Jobs Act

February 5, 2020 –
In last night’s State of the Union address , President Trump declared, “Our economy is the best it has ever been.” And, he added, “If...
Federal Budget and Economy

Revisions To Revenue Projections Suggest That The TCJA Cost More Than Expected

November 5, 2019 –
Last week the Congressional Budget Office (CBO) released a letter that reviewed how its revenue forecasts have declined over the past two years. While we...
Federal Budget and Economy

Saez and Zucman Say Everything You Thought You Knew About Tax Policy Is Wrong

October 23, 2019 –
A new book by economists Emmanuel Saez and Gabriel Zucman, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay,...

Rethinking The Presidential Election Campaign Fund

July 25, 2019 –
When you filed your tax return last spring, did you check off the "Presidential Election Campaign" box on the Form 1040? Didn’t think so.

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...

How Should Government Return Carbon Taxes To Households?

December 12, 2018 –
Carbon dividends are the hottest idea in climate policy. A diverse mix of progressive and conservative voices are backing the idea of returning carbon tax...