Content Reference
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Photo by MIKE STOLL on Unsplash
Summary
House and Senate Republicans are seeking to enact President Donald Trump’s tax agenda, which includes extending the expiring pieces of the 2017 Tax Cuts and Jobs Act (TCJA) and restoring TCJA business tax breaks that are phasing out or expired, as well as campaign proposals to exempt tips, overtime pay, and Social Security benefits from federal income taxes. Here are TPC estimates of revenue and distributional effects of each policy.
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See below to learn more about our model estimates of legislative proposals, our Briefing Book— the encyclopedia of taxes—and our state fiscal data repository.
