TaxVox: Campaigns, Proposals, and Reforms

How Biden’s No-Tax Pledge Could Sink His Climate Change Initiative

April 9, 2021 –

Nowhere is President Biden’s ambitious policy agenda more in conflict than in his triple aim of funding a major infrastructure initiative , attacking climate change...

Individual Taxes

Should IRS or Social Security Administer A Monthly Child Benefit?

February 17, 2021 –

President Biden, the House Ways & Means Committee, and Senator Mitt Romney (R-UT) agree: They want to increase child benefits to parents who work and...

Campaigns, Proposals, and Reforms

TPC Finds the Ways & Means Pandemic Relief Plan Mostly Helps Low- and Moderate-Income Households, But Higher Income Families Benefit as Well

February 10, 2021 –

The major tax provisions of the pandemic relief bill proposed by House Ways & Means Committee Democrats on January 8 would reduce 2021 federal taxes...

Federal Budget and Economy

Another Way to Target Pandemic Relief Payments: Help Those Who Were Financially Hurt the Most In 2020

February 1, 2021 –

Some Senate Republicans say they want to scale back President Biden’s proposed $1,400 relief payments. Last week, my Tax Policy Center colleague Howard Gleckman proposed...

Federal Budget and Economy

How Much Has the Pandemic Affected President-elect Biden’s Opportunity to Chart a New Course?

January 19, 2021 –

Largely as a consequence of the pandemic, trillions of dollars have been flowing out of the Treasury’s coffers. The Congressional Budget Office (CBO) projects the...

Campaigns, Proposals, and Reforms

What Will a Narrow Democratic Congress Mean for Joe Biden’s Tax Agenda?

January 6, 2021 –

With improbable Democratic wins in both Georgia Senate runoff elections, President-elect Joe Biden has an opportunity to govern with a congressional majority—though one that will...

Individual Taxes

Key Questions Biden Will Need to Answer About His First-Time Down Payment Tax Credit

November 30, 2020 –

There are many benefits to a first-time homebuyer tax credit, such as the one proposed by President-elect Joe Biden. However, the transition from the...

Campaigns, Proposals, and Reforms

Treasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA

November 24, 2020 –

Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left economist.