Tax Policy Center

Tax Cuts and Jobs Act

Individual Taxes: TaxVox

House GOP Tax Plan Would Temporarily Cut Taxes For All Income Groups

House Republican plans to temporarily raise the standard deduction and restore more generous business tax deductions would result in modest tax cuts for most households...
June 20, 2023John Buhl
Individual Taxes: TaxVox

Could A Boost In The Standard Deduction Kill The Mortgage And Charitable Deductions?

Could A Boost In The Standard Deduction Kill The Mortgage And Charitable Deductions? The House Ways & Means Committee may be about to approve a...
June 12, 2023Howard GleckmanRobert McClelland
Federal Budget and Economy: TaxVox

Buckle Up. 2025 Promises To Be An Historic Year In Tax And Budget Policy

Now that Congress has passed the Fiscal Responsibility Act (FRA) of 2023 , it isn’t too soon to start thinking about the mess lawmakers have...
June 7, 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
Individual Taxes: TaxVox

Who Would Benefit From Restoring The Full CTC, EITC, and The TCJA’s Business Tax Breaks?

This blog has been revised, reflecting TPC’s recalculated analysis of proposals to reduce business taxes that are under discussion in Congress. TPC’s initial analysis over-estimated...
December 7, 2022Howard Gleckman
Individual Taxes: TaxVox

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...
November 30, 2022Howard Gleckman
Individual Taxes: TaxVox

TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels

After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain...
October 27, 2022Howard Gleckman
Individual Taxes: TaxVox

Comparing The Fiscal Costs Of Tax Breaks For Children Versus Businesses

As the year winds down, Congress will need to decide what to do on several tax fronts, including whether to extend more favorable treatment of...
October 17, 2022Elaine MaagThornton Matheson
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
Federal Budget and Economy: TaxVox

How the TCJA Affected the Housing Market

When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...
March 30, 2022Robert McClellandLivia Mucciolo