All Tax VOX
Can Trump make Mexico pay for the wall?President Trump's ideas for making Mexico pay for the wall are not going to work. He needs another strategy.
How federal tax policies could crush state budgetsTwo-thirds of states enter the year with deficits; 32 spent less in real terms in 2016 than in 2008. Now states must also shift their attention to the gathering fiscal storm clouds in Washington.
GOP's vs. Trump's border taxes explainedIn Washington-speak, there's a debate about the merits of border adjusted taxes and a border tax. To any normal human, these sound like the same thing. But trust me, they are not.
A new tool sheds light on how your state and local tax dollars are spentWhy do state and local governments collect taxes and allocate spending the way they do? A new interactive, online tool breaks down state spending.
When it comes to making tax cuts palatable, it's all about semanticsTop presidential adviser Kellyanne Conway has made an important rhetorical pivot: The Trump Administration may no longer be pushing for tax 'cuts' or even tax 'reform.' Its new goal is tax 'relief.' Why is this messaging change important?
Contrary to popular belief, GOP's corporate cash-flow tax could reduce investmentSupporters of the GOP tax plan say it would boost investment and economic growth. But I explain how it may provide little benefit – or even reduce investment – especially among very large and public companies.
Memo to Steven Mnuchin: Trump’s tax plan would add $7 trillion to the debt over 10 yearsAt his Senate Finance Committee confirmation hearing Thursday, Steven Mnuchin, Mr. Trump’s choice to head the Treasury Department, seemed confused about the Tax Policy Center estimate's of the cost of Trump's tax plan. Here are the facts.
Trump shoots down GOP corporate tax reform planIt was probably too good an idea to survive the Washington policy meat grinder, but President-elect Donald Trump may have killed the House Republicans’ favored corporate tax reform before it even had a chance.
Why a delay in Affordable Care Act repeal means a delay in tax reformA delay would not only affect health care in the US, it could have significant implications for a big 2017 tax bill.- Here is the scoop on corporate tax reform proposals from House RepublicansThe corporate tax is ripe for reform. The Republican tax reform proposal is an excellent way to kick-start the needed discussion.
A new look at how current law and proposed reforms tax entrepreneursTax Policy Center calculates that the House GOP tax blueprint would significantly reduce effective tax rates on some entrepreneurs, while Trump's most recent plan would only modestly lower their effective tax rates.
Why are Chicago homeowners leaving money on the table?The city gave 155,000 middle- and low-income homeowners a one-time chance to significantly soften the blow of a property tax hike. But few have taken the opportunity. Why?
Cash-strapped families will have to wait for EITC and child credit refundsAmericans are accustomed to getting substantial tax refunds soon after they file their returns, especially if they turn in their paperwork early. But starting with the coming filing season, that won’t be possible for many low-income households.- The 2016 'Tax Vox Lump of Coal' award for the year's worst tax ideasPresidential election years are always a bonanza of bad ideas. And, sadly, this one was no exception.
How Rubio's wage subsidies aim to help both workers and employersLast week, Florida Senator Marco Rubio introduced legislation aimed at raising after-tax pay for low-wage workers in Puerto Rico, while reducing employer costs. Here's how.
Repealing the ACA means tax cuts for high-income households, raised taxes for othersRepealing the Affordable Care act would cut taxes significantly for the top one percent of US households, according to a new analysis.
Building a better soda taxThe negative health effects of consuming sugar are a principal rationale for the new soda taxes. But the taxes have a design weakness: Instead of taxing sugar, they target drink volume.
How would a mortgage tax credit affect you?Reforming the mortgage interest deduction would raise taxes overall by about $240 billion, while benefiting low- and moderate-income taxpayers and boosting rates on higher earners.
Border adjustability is already fueling tax reform controversyTax treatment of cross-border transactions is not just a matter of the tariffs President-elect Trump has been threatening. It is also deeply embedded in the taxation of corporations.- How to reforming child and work provisions in the federal income taxIn a new Tax Policy Center paper, economists draw on many recent tax-reform proposals to design a plan that separates the income tax’s work and child provisions, simplifies filing, and distributes tax benefits more equally.
