Tax Policy Center

Joe Biden

Federal Budget and Economy: TaxVox

If The US Avoids Default, You May Want To Thank Car Dealers, Real Estate Agents, and Local Bankers

If the country avoids breaching the debt limit in the next few months , you may not have Wall Street volatility to thank. Or even...
May 9, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

House Republicans Rethink Tax Increases, At Least For A Minute

House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old...
May 2, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

How Congress Is Trying to Finesse The Debt Limit While Ignoring The Debt

You can see where this is going. As the US gets ever closer to hitting its borrowing limit sometime this summer, Congress is stumbling towards...
April 27, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others

The revenue provisions of President Biden’s fiscal year 2024 budget would lower after-tax incomes by an average of about $2,300 next year, according to a...
March 23, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

A First Look At The Revenue Provisions Of Biden’s 2024 Budget

A First Look At The Revenue Provisions Of Biden’s 2024 Budget President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the...
March 9, 2023Howard Gleckman
Individual Taxes: TaxVox

Biden May Propose Using Net Investment Income Tax Revenues to Shore Up Medicare

President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital...
March 2, 2023Howard Gleckman
Individual Taxes: TaxVox

Politicians Are Arguing Again About Social Security. That’s Good

Suddenly, Social Security reform is back in the news. For all the wrong reasons, perhaps. But at least politicians are talking about it. And that’s...
October 26, 2022Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Who Will Win The Battle Over Framing The Inflation Reduction Act?

President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will...
August 23, 2022Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

What You Need To Know About The Manchin-Schumer Climate and Tax Compromise

What You Need To Know About The Manchin-Schumer Compromise After more than a year of often-fraught negotiations, Senator Joe Manchin (D-WV) says he has agreed...
July 28, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next?

Joe Manchin Pulled The Plug On Tax Increases. What Happens Next? Conservative Democrat Joe Manchin (D-WV) may have effectively sealed the fate of President Biden’s...
July 19, 2022Howard Gleckman