TaxVox: Presidential campaign proposals

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The voices of Tax Policy Center's researchers and staff

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...
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...
Federal Budget and Economy

Biden’s Proposed Tax Hikes Would Do Little to Slow The Economy

October 29, 2020 –
Former Vice President Joe Biden’s tax proposals would have only modest effects on the economy, according to a new report by the Tax Policy Center (TPC).
Campaigns, Proposals, and Reforms

Surprise: Biden and Trump Both Back A Modest Middle-Income Tax Cut

October 28, 2020 –
In one key respect, their plans appear surprisingly similar.
Campaigns, Proposals, and Reforms

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

October 27, 2020 –
Nearly all the reductions would occur after 2025, and the extension would reduce federal revenues by another $3 trillion from 2031 through 2040.
Campaigns, Proposals, and Reforms

President Trump Wants the Affordable Care Act Overturned. It Would Cut Taxes Substantially for High-Income Households

October 27, 2020 –
On November 10—just a week after the election--the US Supreme Court will hear oral arguments in a lawsuit challenging the constitutionality of the Affordable Care...

Biden’s First-Time Homebuyer Tax Credit Is A Big Improvement Over The Mortgage Interest Deduction

October 22, 2020 –
Democratic Presidential candidate Joe Biden has proposed a first-time homebuyer (or “down payment”) tax credit of up to $15,000. While details are sparse, the idea...
Campaigns, Proposals, and Reforms

TPC Updates Its Analysis: Biden Would Raise Taxes by $2.1 Trillion, Nearly All On Business and High-Income Households

October 15, 2020 –
Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.1 trillion over the next decade, about 0.9 percent of Gross Domestic Product.