https://www.taxpolicycenter.org/taxvox/rss.xml?topic_filter=All&author_filter=All en https://www.taxpolicycenter.org/taxvox/repealing-salt-cap-would-overwhelmingly-benefit-those-high-incomes Former President Trump’s proposal to repeal the $10,000 cap on the state and local tax (SALT) deduction would cut 2025 taxes by an average of... Tue, 24 Sep 2024 06:08 -0400 Howard Gleckman https://www.taxpolicycenter.org/taxvox/repealing-salt-cap-would-overwhelmingly-benefit-those-high-incomes https://www.taxpolicycenter.org/taxvox/heres-tip-no-taxes-tips-may-be-good-politics-bad-policy The bipartisan “no taxes on tips” proposal is the most prominent example of a politically attractive soundbite bumping aside sound policy. Fri, 20 Sep 2024 08:30 -0400 Steven M. Rosenthal https://www.taxpolicycenter.org/taxvox/heres-tip-no-taxes-tips-may-be-good-politics-bad-policy https://www.taxpolicycenter.org/taxvox/only-grand-bargains-are-going-get-us-out-our-gigantic-fiscal-mess Campaigns and political party platforms provide limited policy details. That’s by design: especially in a campaign, politicians tend to accentuate what they will do for... Fri, 20 Sep 2024 08:15 -0400 C. Eugene Steuerle https://www.taxpolicycenter.org/taxvox/only-grand-bargains-are-going-get-us-out-our-gigantic-fiscal-mess https://www.taxpolicycenter.org/taxvox/what-we-need-know-judge-irss-effectiveness The fate of a government agency’s funding is always precarious—and especially so for the Internal Revenue Service, one of the most unpopular federal agencies in... Fri, 20 Sep 2024 07:49 -0400 Janet Holtzblatt https://www.taxpolicycenter.org/taxvox/what-we-need-know-judge-irss-effectiveness https://www.taxpolicycenter.org/taxvox/tax-exclusion-worst-way-help-workers-earning-tips-or-overtime Donald Trump would exempt overtime pay from tax. Kamala Harris and Trump both agree that tips should be exempt. There are lots of tax exclusions in the tax code, but this form of tax subsidy is especially costly, regressive, and prone to abuse. Fri, 20 Sep 2024 05:39 -0400 Leonard E. Burman https://www.taxpolicycenter.org/taxvox/tax-exclusion-worst-way-help-workers-earning-tips-or-overtime https://www.taxpolicycenter.org/taxvox/exempting-tips-federal-income-tax-would-benefit-very-few-workers Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities from federal income tax,... Thu, 19 Sep 2024 10:15 -0400 Howard Gleckman https://www.taxpolicycenter.org/taxvox/exempting-tips-federal-income-tax-would-benefit-very-few-workers https://www.taxpolicycenter.org/taxvox/rich-are-different-you-and-me-trillions-dollars-escaping-taxation Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest Americans. Congress could close this loophole. Thu, 19 Sep 2024 07:29 -0400 Steven M. Rosenthal https://www.taxpolicycenter.org/taxvox/rich-are-different-you-and-me-trillions-dollars-escaping-taxation https://www.taxpolicycenter.org/taxvox/harris-wants-make-tax-filing-easier-small-businesses One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their biggest objection, though they... Mon, 16 Sep 2024 05:04 -0400 Howard Gleckman https://www.taxpolicycenter.org/taxvox/harris-wants-make-tax-filing-easier-small-businesses https://www.taxpolicycenter.org/taxvox/harris-and-trump-would-create-hyper-narrow-targeted-tax-breaks Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored activities or occupations. While Trump and Harris are... Mon, 09 Sep 2024 11:41 -0400 Howard Gleckman https://www.taxpolicycenter.org/taxvox/harris-and-trump-would-create-hyper-narrow-targeted-tax-breaks https://www.taxpolicycenter.org/taxvox/five-questions-about-trumps-made-america-corporate-tax-rate Republican presidential nominee Donald Trump recently proposed cutting the current 21 percent corporate tax rate to 15 percent for companies that do not outsource, offshore, or replace American workers. The Trump campaign has not yet indicated how this rate would be structured or enforced, but, drawing on past experience and research evidence, TPC staff below suggest some issues to consider. Mon, 09 Sep 2024 08:05 -0400 Renu Zaretsky https://www.taxpolicycenter.org/taxvox/five-questions-about-trumps-made-america-corporate-tax-rate