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.

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 ...

A major rewrite of the federal tax code awaits the winners of the upcoming 2024 elections. Unless Congress passes new legislation, the 2017 Tax Cuts and Jobs Act (TCJA) individual income and estate tax provisions will expire after 2025. Lawmakers may also seek to alter business tax deductions made less generous by the TCJA to offset the cost of the original bill.

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.

1 天前 · Tax filing season opened on January 27. But, as a result of a slew of Trump Administration initiatives, the IRS must try to manage what it anticipates will be 140 million individual returns under severe new constraints.. A short-staffed agency may struggle to process returns in a timely way.

1 天前 · Soon after returning to office, President Donald Trump announced a plan to impose a broad-based 25 percent tariff on goods imported from Canada and Mexico beginning Feb. 1, unless those nations took sufficient action against illegal immigration and the fentanyl trade. New Tax Policy Center (TPC) analysis finds that such a tariff would result in just under a one …

2024年12月19日 · 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 …

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

Expansions to the Child Tax Credit (CTC) are among many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) scheduled to expire at the end of 2025. If Congress does nothing, the credit will be cut in half, among other changes. As the TCJA deadline looms, the CTC could become a top priority to policymakers interested in decreasing child poverty.

2023年6月7日 · Now that Congress has passed the Fiscal Responsibility Act (FRA) of 2023, it isn’t too soon to start thinking about the mess lawmakers have created for themselves in 2025.The law grants a short-term reprieve from Congress’s self-made debt limit crisis. But it also sets up what promises to be an extraordinary round of fiscal policy battles in 2025.