TaxVox: Campaigns, Proposals, and Reforms

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The voices of Tax Policy Center's researchers and staff

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.
Campaigns, Proposals, and Reforms

Biden Proposed Raising Social Security Payroll Taxes By $740 Billion…And Still Got Elected President

November 17, 2020 –
An amazing thing happened in this year’s presidential election. A major party candidate proposed raising Social Security payroll taxes. And won.
Campaigns, Proposals, and Reforms

Could a Divided Congress Approve Biden’s Ambitious Tax Agenda? Maybe More Than You Think

November 9, 2020 –
The conventional wisdom is that President-elect Joe Biden’s ambitious tax agenda will die in a GOP Senate, but some elements could pass.
Campaigns, Proposals, and Reforms

TPC Revises Its Revenue Estimate of Biden’s Tax Plan Downward to $2.1 Trillion Over 10 Years

November 6, 2020 –
The Tax Policy Center has revised its analysis of former Vice President Joe Biden’s tax plan. TPC’s new analysis finds Biden’s tax proposals would raise...