TaxVox: Low-income households

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

Congress Could Make COVID-19 Relief Payments Fairer, Less Costly, and More Stimulative

February 11, 2021 –
Republicans and some leading economists have raised concerns about the cost, fairness, and stimulative effects of proposed cash payments in the pandemic relief legislation Congress...
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

How Could the United States Pay for Reparations?

February 3, 2021 –
A few years ago, Ta-Nehesi Coates wrote a powerful essay, “The Case for Reparations” for The Atlantic . Reparations, he affirmed, would help close the...
Individual Taxes

A Tax Credit to Fix Capitalism

January 21, 2021 –
Capitalism produces a dizzying array of products and, in the process, generates an enormous amount of wealth. But capitalism creates a problem in that the...

Biden's Huge Pandemic Relief Plan Would Cut Taxes for Low- and Moderate-Income Households

January 15, 2021 –
President-elect Joe Biden proposed a new $1.9 trillion pandemic relief plan last night that would substantially cut taxes for low- and moderate-income households, especially those...
Individual Taxes

A New Look at Racial Wealth Inequalities Before the Pandemic

December 29, 2020 –
The Federal Reserve Board’s 2019 Survey of Consumer Finances (SCF) helps us understand US wealth disparities prior to the COVID-19 pandemic that has disproportionately harmed...
Campaigns, Proposals, and Reforms

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

October 27, 2020 –
The highest-income 1 percent of households (those with income more than $788,000) would, on average, receive tax cuts of nearly $28,000.
State and Local Issues

Fines and Forfeitures and Racial Disparities

August 14, 2020 –
Some evidence suggests that fines and fees, much like policing, are also closely intertwined with issues of structural racism.
Individual Taxes

How Would Paydown Affect The Reform Of Home Mortgage Interest Deduction?

July 21, 2020 –
Reforming the mortgage interest deduction (MID) could raise federal tax revenue and make the tax system more progressive. But some taxpayers, especially those with high...
Individual Taxes

The IRS Is Getting Out Coronavirus Rebate Payments: Congress Needs To Think About A Second Round

April 16, 2020 –
To its credit, the IRS has been quickly distributing the first tranche of rebates authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act...