Tax Policy Center

Joe Biden

Individual Taxes: TaxVox

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
August 18, 2021Howard Gleckman
Business Taxes: TaxVox

Some In the Environmental Justice Movement Oppose A Carbon Tax. That Is A Problem

While President Biden has called climate change an existential threat, his proposals for addressing it remain modest relative to the enormity of the problem. In...
July 20, 2021Howard Gleckman
Individual Taxes: TaxVox

Want To Know Why A Wealth Tax Won’t Work? Remember The Time Michael Jackson’s Estate Landed in Tax Court

If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop...
July 12, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Paying for Infrastructure With Pixie Dust

President Biden and a bipartisan group of senators have agreed to the framework of a plan to boost infrastructure spending by about $579 billion. On...
June 29, 2021Howard Gleckman
Business Taxes: TaxVox

The Fate Of Biden’s Corporate Tax Hikes May Rest On Who Voters Think Pay Them

As the partisan battle heats up over President Biden’s ambitious infrastructure plan—and the tax increases to pay for it—the fate of the package will largely...
June 17, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Biden Would Raise Taxes Substantially for High Income Households and Corporations, Cut Taxes for Families with Children, According to A New TPC Analysis

Nearly all of President Biden’s proposed tax increases would be borne by the highest income 1 percent of households--those making about $800,000 or more—according to...
June 9, 2021Howard Gleckman
Individual Taxes: TaxVox

How Biden Would Tax Capital Gains At Death

How Would Biden Tax Capital Gains At Death? President Biden has proposed major changes in the way the US taxes the assets of those who...
June 7, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

The Deficit Is Likely To Be Bigger Than Biden Projects, But Not Because Of A Rosy Economic Forecast

Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic...
June 2, 2021Howard Gleckman
: TaxVox

Five Tax Questions to Ask When Looking at President Biden’s Budget

President Biden on Friday is set to unveil his first full budget along with Treasury’s Green Book, which will provide the first detailed look at...
May 27, 2021John Buhl
Campaigns, Proposals, and Reforms: TaxVox

Biden’s Tax On Large Capital Gains At Death Will Catch A Few With Annual Incomes Of Less than $400,000

President Biden’s campaign promise never to raise taxes on those making $400,000 or less annually will inevitably conflict with his proposal to tax unrealized capital...
May 27, 2021Howard GleckmanRobert McClelland