Inflation has adversely affected households and the US economy, but a temporary expansion of the standard deduction is a costly and poorly designed policy response.

This workforce shortage problem is easy to observe, but solutions are harder to come by. State-level policy changes, as opposed to federal policy levers may be more efficient, given the disparate geographic impact of the shortage.

Using data from the Department of Education’s Federal Student Loan Portfolio and the 2019 Survey of Consumer Finances, we examine the effects of forgiveness on borrowers’ 2022 state tax liabilities.

For those residing in a handful of states, their state income tax bills might be several hundred dollars higher, and their state coffers several hundred million dollars richer.

June’s job growth is certainly good news, but we should be more concerned about the health care sector’s near- and long-term labor supply challenges.

As lawmakers consider making charitable tax benefits available to all taxpayers, they should focus on policy design that increases charitable contributions efficiently.

The tax provisions of the budget reconciliation bill assembled by the House Budget Committee add new notches while removing others.

The Biden administration and Democratic lawmakers in Congress are now considering proposals to raise the tax burden on corporations in the United States.

The $1.9 trillion American Rescue Plan provides economic relief to households through the tax code. We have created a web application to help users explore how ARP will impact their 2021 federal tax liability.

Our web application allows any user to compare popular current proposals or choose the parameters of their own preferred custom CTC reform.