TaxVox: Current legislative proposals

TPC’s Annual Lump Of Coal Awards For The Worst Tax Ideas of 2022

December 21, 2022 –

Welcome to the Tax Policy Center’s annual Lump of Coal Awards for the worst tax ideas of 2022. It was an election year...

Campaigns, Proposals, and Reforms

Who Will Win The Battle Over Framing The Inflation Reduction Act?

August 23, 2022 –

President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will...

Federal Budget and Economy

The Inflation Reduction Act Primarily Impacts Top 1 Percent of Taxpayers

August 11, 2022 –

In a new analysis , the Tax Policy Center finds the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes would rise...

If the IRS Gets $80 Billion, Will Its Agents Come Gunning for You?

August 11, 2022 –

With the near-certain enactment of the Inflation Reduction Act, the Internal Revenue Service is on track for an $80 billion boost to its ten-year budget...

Campaigns, Proposals, and Reforms

Will Congress Turn Democratic Tax Hikes Into Bipartisan Tax Cuts?

March 24, 2022 –

A funny thing happened to the trillions of dollars of proposed tax increases on corporations and high-income households that were high on the agendas of...

Are Current Hill Tax Plans Enough To Fund A Scaled-Back Climate And Social Spending Bill?

March 10, 2022 –

In a 50-50 Senate where every vote counts, President Biden’s “Build Back Better” (BBB) fiscal agenda has a new name and—if it wants the vote...

Campaigns, Proposals, and Reforms

TPC’s 2021 Lump Of Coal Award For The Worst Tax Policy Ideas Of The Year

December 22, 2021 –

Welcome to the Tax Policy Center’s annual Lump of Coal Award for the year’s biggest tax policy blunders, Build Back Better edition. Even by the...

Federal Budget and Economy

The Short Run Growth and Inflation Effects of Build Back Better Are Likely to Be Modest

November 17, 2021 –

A key issue in the congressional debate over President Biden’s Build Back Better (BBB) plan is how it would affect the economy over the next...

Campaigns, Proposals, and Reforms

Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others

November 11, 2021 –

In a new analysis , the Tax Policy Center estimates that the major tax changes in the latest version of President Biden’s Build Back Better...

How Should Congress Fund Investments in The Internal Revenue Service’s Infrastructure?

July 7, 2021 –

Congress is moving toward rectifying the decade-long funding crisis at the IRS . The House is on track to adopt President Biden’s proposed $1.6 billion...