TaxVox: Current legislative proposals

Senator Harris Seeks To Raise Incomes Using A New Tax Credit

October 18, 2018 –

Senator Kamala Harris (D-CA) is proposing to raise the incomes of working families through a new tax proposal called the “LIFT (Livable Incomes for Families...

Campaigns, Proposals, and Reforms

Amazon Isn’t A Bad Employer, But Stop-BEZOS Is A Bad Bill

September 7, 2018 –

Bernie Sanders (I-VT) and Ro Khanna (D-CA) just introduced the ‘‘ Stop Bad Employers by Zeroing Out Subsidies Act ’’ (or Stop-BEZOS) that would punish...

Campaigns, Proposals, and Reforms

The Nation’s Partisan Divide Is Infecting Tax Policy

May 30, 2018 –

“Don’t tax me, don’t tax thee, tax that fella behind the tree.” This bit of doggerel, attributed to the late Senate Finance Committee Chairman Russell...

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...