How a Tax Cut Turns Into a Tax Increase

(This post has been updated with small changes — see below for description.)

House Republicans have put forward a plan to fundamentally revamp the tax code and provide large tax breaks to the highest income Americans through rate cuts…

The Senate Bill Really Is Regressive

(Or Why You Shouldn’t Use Percent Change in Tax Liabilities!)

Last night, the Joint Committee on Taxation released new distributional tables showing the effects of the newly introduced Senate tax legislation across the population. Upon the…

Is There a Gaping Hole for the Best Off in the House Bill’s Limitation on the Deduction for State and Local Income Taxes?

The House bill’s limitation on the deduction for state and local income taxes has generated plenty of commentary and…

How to Skirt the Cap on Interest Deductions in the GOP Tax Plan . . . and to Make Some Money While You’re at It

A perspective from practice

Another way states can counter a partial repeal of the SALT deduction

(This expedient could possibly even improve state public finance in the long term.)

Trade-Offs Made Clear in the Senate Bill

Last night, Chairman Hatch introduced a new version of the Senate tax overhaul bill. Since the bill is being pushed through using reconciliation procedures to avoid the filibuster, the bill is not allowed to add to the deficit after the end of the budget…