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 ...

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 …

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.

2022年10月27日 · After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain relatively steady in absolute numbers and as a share of tax filers as long as the job market remains relatively healthy and until the individual tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA) expire at the …

2024年9月19日 · Who Benefits? Exempting payroll taxes as well would boost the after-tax income of tipped workers by an average of about $700, though the lowest-income households, the vast majority of whom earn no tipped income, would get an average tax cut of only about $40.

2024年6月3日 · 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 …

Senate Republicans consider moving first on budget reconciliation. The Hill reports that Senate Budget Committee Chair Lindsey Graham (R-SC.) will brief Republican senators on a budget resolution aimed at advancing two packages. The first would address border security, energy production, and defense spending.

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.

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.