Tax Policy Center

The Tax Policy Center (TPC) is a joint venture of the Urban Institute and Brookings Institution. The Center is made up of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.

Eight Lessons On How To Design Tax Reform

Endorsing the concept of tax reform is just one small step towards making it a reality. How do lawmakers, who are confronted with an almost infinite number of policy options, ensure that reform serves the public in a meaningful way?

To help focus those choices, here are eight lessons that were vital to the organization of the Department of Treasury study (“Treasury I”) that led to the Tax Reform Act of 1986, the only comprehensive base-broadening tax reform in the hundred-plus year history of the income tax.… Read more

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Child Tax Credit In The Unified Framework: Nothing To See Here

The Big Six Unified Framework promises a tax plan that “significantly increases the Child Tax Credit (CTC)”, but provides few details. If the child tax credit in the Framework is similar to the House Republican leadership’s 2016 “Better Way” plan, it would: provide no additional benefit for very low-income families; roughly replace the Framework’s proposal to repeal personal exemptions for most middle-income families; and slightly increase taxes for higher income families.… Read more

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