TaxVox: Current legislative proposals

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The voices of Tax Policy Center's researchers and staff

The TCJA Will Create More Complexity For Taxpayers Than It Claims

January 5, 2018 –
Among the most complex provisions of the Tax Cuts and Jobs Act (TCJA) is its special tax deduction for income earned by pass-through businesses. In...
Campaigns, Proposals, and Reforms

TPC’s New Calculator Compares The Tax Cuts and Jobs Act With Today’s Tax Law

December 21, 2017 –
Want to learn how the new Tax Cuts and Jobs Act (TCJA) affects taxpayers in different situations? Want to know how it affects you? Of...
Individual Taxes

How Changes To SALT Will Affect Itemizers

December 21, 2017 –
The Tax Cuts and Jobs Act (TCJA) will reduce the number of itemizers by about 27 million in 2018, mostly because it will substantially increase...

How the Corporate AMT Affects Different Industries

December 14, 2017 –
The Senate’s last-minute decision to preserve the corporate alternative minimum tax (AMT) has drawn strong opposition from business and its advocates. Its fate now lies...

Comparing Estimates of the Macroeconomic Effects of Tax Policy: Growth Rates vs. Levels

December 14, 2017 –
In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...
Campaigns, Proposals, and Reforms

The Senate’s Tax Cuts and Jobs Act Would Do Little For Families with Children

December 13, 2017 –
At first glance, the Senate version of the Tax Cuts and Jobs Act (TCJA), looks friendlier to families with children than the House plan. Rather...

The Senate’s Tax Cut Would Generate Little New Long-Run Economic Growth

December 11, 2017 –
The Senate version of the Tax Cuts and Jobs Act (TCJA) would increase Gross Domestic Product modestly until 2025, and by less after many of...
Campaigns, Proposals, and Reforms

Seven Take-Aways From The Senate’s Tax Cut and Jobs Act

December 5, 2017 –
Seven Take-Aways From The Senate’s Tax Cut and Jobs Act The Senate’s version of the Tax Cut and Jobs Act (TCJA) is a big,...

Comparing the House and Senate Tax Cut Bills to the GOP Presidential Campaign Promises

November 30, 2017 –
The New York Times reports that some Republican senators are clamoring for larger tax cuts, especially for pass-through business income. The Times says that while...

Current Tax Reform Bills Could Encourage US Jobs, Factories and Profits to Shift Overseas

November 28, 2017 –
The Tax Cut and Jobs Act (TCJA) that the Senate is debating this week would fundamentally change the way US-based multinational corporations are taxed on...