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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.
About the Tax Policy Center | Tax Policy Center
The Urban-Brookings Tax Policy Center aims to improve tax and fiscal policy decision-making by producing independent, timely, and accessible analysis. We are best known for our microsimulation model, which predicts how a policy proposal will affect people of different income levels, ages, and with ...
Unpacking the TCJA: Who Benefits and Who Loses from Extending …
Dec 19, 2024 · Next year, nearly all of the individual provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will expire unless Congress acts. Congressional scorekeepers have estimated that fully extending the TCJA would cost $4.6 trillion over ten years. The Tax Policy Center has shown that, on average, all income groups would get a tax cut relative to current law, but higher-income households would receive a ...
About the Tax Policy Center
The Urban-Brookings Tax Policy Center produces independent, timely, and accessible analyses of current and longer-term tax issues. Our goal is to help the public, the media, and policymakers make informed decisions about critical fiscal issues and support better policy outcomes.
Doubling The SALT Cap Would Be Expensive | Tax Policy Center
Raising the SALT cap would largely benefit high-income households. A Tax Policy Center analysis finds that doubling the state and local tax (SALT) deduction cap from $10,000 to $20,000 for married couples—a move reportedly pitched by the incoming Trump administration—could add $225 billion to the federal debt over a decade while providing limited benefits to middle- and low-income households.
Evidence on TCJA’s effects on GDP, wages and employment, and aggregate investment are not conclusive (Gale, Hoopes, and Pomerleau 2024). Most analysts expected TCJA to boost economic output modestly in both the short and
Research | Tax Policy Center
Research. TPC experts analyze tax policy proposals to see how they would affect different groups of people, revenues, and the economy. We also assess how the tax code can be used to achieve economic or social policy outcomes.
Bipartisan Tax Framework: Low-Income, Wealthy Households …
Jan 19, 2024 · Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160 in 2023, with more noticeable tax cuts at both the top and bottom of the income distribution, according to a new Tax Policy Center analysis.. The Tax Relief For American Families And Workers Act of 2024 would alter business tax ...
Baseline Estimates - Tax Policy Center
Aug 6, 2021 · The Tax Policy Center regularly produces tables showing the distribution of income and federal taxes, effective and marginal tax rates, and other measures of federal taxes.
Framing the Upcoming Tax Debate: Five Issues, Four Paths
Nov 22, 2024 · Federal tax policy will take center stage next year, with Republican President-elect Donald Trump leading a unified government and many provisions of the Tax Cuts and Jobs Act (TCJA) expiring at the end of 2025.