Tax Policy Center News
Trump promises Americans 'huge tax cut' for Christmas
President Donald Trump has promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group says the Senate package would leave half of taxpayers facing higher levies by 2027
Republican tax plan would spur growth, add to deficit, new study shows
The tax plan advanced by House Republicans last week will spur economic growth, but still add more than $1 trillion to the deficit, according to a new study released Monday. The macroeconomic analysis from the Tax Policy Center, a joint venture of the Brookings Institution and the Urban Institute,
Tax filers in most states claim deduction targeted by GOP
Residents of high-tax states would be affected most by the GOP's plan to eliminate or reduce the deduction for state and local taxes, but the change also could affect millions of other filers, including some in Republican-led states
Derided by critics, trickle-down economics gets another try
Derided by critics, trickle-down economics gets another try in GOP tax plan
What Senate Republicans are proposing in their tax plan
Capitol Hill is all in on tax reform, with the clock ticking down to their Thanksgiving break, and only a few working weeks left until the end of the year -- will they get it passed?
Independent economists on why they aren't buying Trump's tax plan promise
President Donald Trump told the audience at a Heritage Foundation event in Washington Tuesday night that his administration's tax plan will boost the average American household income by $4,000. The figure was included in a report from White House economists published on Monday. "Our tax plan will
Treasury secretary on Trump administration's new tax plan
Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households and not the wealthy and the well-keked. They can call me all they want. It's not going help. I'm doing the right thing. And it's not good for me. Believe me. President trump on
How the Trump tax plan could benefit wealthy Americans
In spite of President Donald Trump ’s assertions that the proposed tax reform plan is “not good for people like me,” there are a number of ways that wealthy individuals could benefit. Two of the clearest wins come from the elimination of the estate tax, which allows multimillion-dollar estates from
The president promises a 'middle class miracle' with his new tax plan
The White House claims that Trump's tax plan would save the average American family $1,000 a year.
Experts weigh in on impact of Trump's tax plan
Experts are already taking issue with president Trump's newly-released tax plan -- in particular the White House's claim that economic growth would offset large losses in government revenue from the proposed corporate tax cuts. The plan calls for the corporate tax rate to be slashed to 15 percent.