Tax Policy Center

TCJA

Individual Taxes: TaxVox

Congress Must Redesign the Charitable Deduction: How to Do It Well

In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...
March 23, 2021C. Eugene SteuerleRobert McClellandNikhita Airi
Individual Taxes: TaxVox

Key Questions Biden Will Need to Answer About His First-Time Down Payment Tax Credit

There are many benefits to a first-time homebuyer tax credit, such as the one proposed by President-elect Joe Biden. However, the transition from the...
November 30, 2020C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

During each presidential election, the Tax Policy Center analyzes the tax policies of the two major candidates. This year, TPC estimated the effects of Democratic...
October 27, 2020Robert McClellandMark J. Mazur
Campaigns, Proposals, and Reforms: TaxVox

Donald Trump’s Bullet Point Tax Agenda

President Trump is formally kicking off his reelection campaign with a couple of pages of bullet points. It makes for a thin tax policy agenda.
August 25, 2020Howard Gleckman
Individual Taxes: TaxVox

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

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...
July 21, 2020Chenxi LuEric Toder
Individual Taxes: TaxVox

Are We Headed For A New Era of Income Tax Deduction Creep?

Congress can’t seem to end its love affair with tax deductions. For a brief period starting with then-House Ways & Means Committee Chair Dave Camp’s...
May 28, 2020Howard Gleckman
Individual Taxes: TaxVox

Charitable Giving Appears To Have Fallen In 2018, Despite Treasury Claims

On March 3, the Treasury Department put out a press release saying that 2018’s charitable giving “appeared largely unchanged from previous years,” despite a “concern...
March 6, 2020C. Eugene Steuerle
Business Taxes: TaxVox

Corporate Taxes: Are They Fair? Who Really Pays Them, And When?

When it comes to corporate taxes, what’s “fair?” Do taxpayers have a sense of what major corporations pay in taxes? And when corporations pay income taxes, do we understand who ultimately bears that tax burden?
March 4, 2020Renu Zaretsky
Business Taxes: TaxVox

Let The Dust Settle On The TCJA Before Judging Its Effectiveness

TPC’s Steve Rosenthal and American Enterprise Institute resident scholar Aparna Mathur recently debated the corporate tax provisions of the 2017 Tax Cuts and Jobs Act...
February 24, 2020Aparna Mathur
Individual Taxes: TaxVox

Are Tax Breaks For Non-Profits And Their Donors Worth Saving?

The special tax treatment Congress has granted to non-profits and tax deduction it gives their donors are broken. So broken, in fact, that it is...
February 20, 2020Howard Gleckman