Making tax policy predictions for 2017 is especially perilous, given the uncertainties surrounding the incoming administration’s fiscal agenda. But since there is a good chance Congress will enact a major tax bill this year, here are ten key issues to watch.
Americans are accustomed to getting substantial tax refunds soon after they file their returns, especially if they turn in their paperwork early. But starting with the coming filing season, that won’t be possible for many low-income households.
Presidential election years are always a bonanza of bad ideas. And, sadly, this one was no exception.
Last week, Florida Senator Marco Rubio introduced legislation aimed at raising after-tax pay for low-wage workers in Puerto Rico, while reducing employer costs. Here's how.
The negative health effects of consuming sugar are a principal rationale for the new soda taxes. But the taxes have a design weakness: Instead of taxing sugar, they target drink volume.
Reforming the mortgage interest deduction would raise taxes overall by about $240 billion, while benefiting low- and moderate-income taxpayers and boosting rates on higher earners.
Tax treatment of cross-border transactions is not just a matter of the tariffs President-elect Trump has been threatening. It is also deeply embedded in the taxation of corporations.
In a new Tax Policy Center paper, economists draw on many recent tax-reform proposals to design a plan that separates the income tax’s work and child provisions, simplifies filing, and distributes tax benefits more equally.
Trying to parse President-elect Donald Trump’s recent threats against US manufacturers that move production overseas is not easy. One thing is sure: His tweet storm warning of new tariffs raises far more questions than it answers.
It is a good bet that Congress will cut taxes next year. A small, informal survey of a few taxpayers offers insight on how it would affect some Americans.
California will soon enroll millions of its private sector workers in a state-managed savings program. It's a good start in increasing access to retirement planning, but it faces limits that would be better served on the national level.
The Carrier reversal is great news for the Indianapolis workers who get to keep their jobs, at least for now. But it’s a bad deal for the other Carrier workers and Indiana taxpayers.
The law is ambiguous, but the chances that Donald Trump could avoid paying tax on any profits from the sale of his businesses are 50/50 in the view of one policy expert.
The stock market has been ebullient since President-elect Donald Trump’s victory. Many financial experts are expecting quick congressional approval of infrastructure and defense spending and tax cuts. I would not spend the money yet, says one economist.
In Colorado, voters overwhelmingly rejected the idea of paying higher taxes for better access to health care.
Many retailers don't charge sales tax for online purchases, but that doesn't mean you don't owe them.
In a new analysis, the Tax Policy Center finds that in 2017, Trump’s cap would affect only about 160,000 singles, a tiny fraction of the 89 million single taxpayers, and about 230,000 couples out of 59 million joint filers.
To move beyond campaign promises that seldom add up for any candidate, here is how President-elect Trump could move forward in six policy areas even while facing extraordinary budget constraints.
Washington State voters rejected a ballot initiative that would have created the first carbon tax in the United States. The fossil fuel industry played a part, but so did progressive and environmental groups.
There will be another recession at some point, but no state has built a recession into their budget forecast yet. And they may not be prepared for one.