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blog
March 27, 2023
Race-Conscious Tax Policy Discourse is Shifting the Conversation About the Tax Code
As we look ahead to what comes next in our journey to a more race-conscious tax policy debate, it’s worth reflecting on how we got here and what we’ve learned along the way.
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blog
March 23, 2023
State Rundown 3/23: A Spring Awakening of Tax Proposals
As nature bursts into life and color with the arrival of spring, state tax proposals are doing the same as the legislative seeds planted by lawmakers earlier this year start to grow, blossom, and in some cases rot. However, some governors are not entirely happy with what state lawmakers have produced.
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blog
March 23, 2023
States Prioritize Old Over Young in Push for Larger Senior Tax Subsidies
Under a well-designed income tax based on ability to pay, it is simply not necessary to offer special tax subsidies to older adults but not younger families. At the end of the day, your income tax bill should depend on what you can afford to pay, not the year you were born. It’s really as simple as that.
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report
March 23, 2023
State Income Tax Subsidies for Seniors
State governments provide a wide array of tax subsidies to their older residents. But too many of these carveouts focus on predominately wealthy and white seniors, all while the cost climbs.
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report
March 16, 2023
Effects of President Biden’s Proposal to Expand the Child Tax Credit
In his latest budget proposal, President Biden proposes enhancing the Child Tax Credit (CTC) based on the temporary credit that was in effect for 2021 as part of the American Rescue Plan Act. In this report we analyze how that proposal would help children and families.
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blog
March 15, 2023
State Rundown 3/15: Tax Madness
It’s March and state lawmakers are showing why the Madness isn’t only reserved for the basketball court…
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blog
March 14, 2023
Worried About the Debt? Tax the Rich
As one of the most prosperous countries in human history, we have enough resources for our collective needs. By better taxing corporations and the wealthiest, we can generate revenue to improve family security, strengthen our communities, and reduce the debt too.
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report
March 10, 2023
Revenue-Raising Proposals in President Biden’s Fiscal Year 2024 Budget Plan
President Biden’s latest budget proposal includes trillions of dollars of new revenue that would be paid by the richest Americans, both directly through increases in personal income, Medicare and estate taxes, and indirectly through increases in corporate income taxes.
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blog
March 9, 2023
Politifalse: A Fact-Checker Does Biden an Injustice on Taxes Paid by Billionaires
Most Americans pay more in Social Security and Medicare payroll taxes than they pay in federal personal income tax. So just looking at the personal income tax for comparison misses most of the taxes middle-income Americans pay. That is not true for billionaires because a much, much smaller proportion of their income is subject to the federal payroll taxes.
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blog
March 9, 2023
State Rundown 3/9: The Whirlwind 2023 Legislative Session Continues
State 2023 legislative sessions are proving to be eventful ones. With many states eager to make use of their budget surpluses, major tax changes are…
