TaxVox: Federal revenue

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. Hardly...

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...

Federal Budget and Economy

Why Do House Democrats Want To Limit Their Ability To Raise Revenue?

November 30, 2018 –

House Democrats are developing new rules to govern their legislative deliberations when they take control of the House in January. One is awful.

Despite the Tax Cuts and Jobs Act, the Federal Tax System is Becoming More Progressive Over Time

September 18, 2018 –

The Tax Policy Center’s newly released baseline tables tell a nuanced and somewhat paradoxical story. For over a decade, legislative changes and real income growth...

Federal Budget and Economy

Why Government Budget Estimates Are Often Wrong

June 5, 2018 –

Government budget and tax analysts who estimate future federal revenues and spending are among the most talented people I know. They probably are a lot...