Federal Tax

Personal Taxes Business Taxes Tax Credits for Individuals and Families IRS Funding and Tax Compliance

Report

Policymakers Should Expand Child Tax Credit in Year-End Legislation to Fight Child Poverty

September 23, 2022 | Chuck Marr, Danilo Trisi, Arloc Sherman and Kris Cox

There is pressure on Congress from business interests to delay a corporate tax increase; Congress should not consider any business tax breaks without also expanding the Child Tax Credit.

Romney Child Tax Credit Proposal Is Step Forward But Falls Short, Targets Low-Income Families to Pay for It

July 6, 2022

Blog

Congress Shouldn’t Prioritize Corporate Tax Interests Over Children and Low-Paid Workers

May 20, 2022

Report

Congress Needs to Take Two Steps to Fund the IRS for the Short and Long Term

February 1, 2022

Blog

The House Passed a Strong, Progressive Revenue Package — Now It’s Time for the Senate to Act

May 20, 2022 | Chuck Marr and Samantha Jacoby

Report

International Tax Reform Proposals Would Limit Overseas Profit Shifting, End “Race to the Bottom”

July 11, 2022 | Samantha Jacoby

Report

House Bill Would Further Skew Benefits of Tax-Favored Retirement Accounts

April 29, 2022 | Chuck Marr and Samantha Jacoby

Blog

Added IRS Funding Would Help Ensure High-Income Households, Businesses Pay Their Taxes

August 12, 2022 | Samantha Jacoby

Report

Corporate Lobbying Campaign Against Biden Tax Proposals Is Inaccurate, Unpersuasive

September 10, 2021 | Chuck Marr and George Fenton

Report

Reducing the Tax Gap: 5 Key Points on Information Reporting

September 14, 2021 | Chuck Marr and Samantha Jacoby

The Center’s EITC Outreach Campaign

New on this Topic

Statement

Inflation Reduction Act Takes Important Steps Forward and Should Be Enacted

August 5, 2022

Report

Senate Revenue Package Is Sound Policy

August 4, 2022

Testimony

The Nation Has Made Progress Against Poverty But Policy Advances Are Needed to Reduce Still-High Hardship

July 28, 2022

Blog

Despite Flaws, Romney Proposal on Child Tax Credit Creates Opening for Bipartisan Action

July 7, 2022

Blog

Congress Should Support LGBTQ People With Low Incomes by Expanding the Child Tax Credit and Earned Income Tax Credit

June 23, 2022

Report

Stimulus Payments, Child Tax Credit Expansion Were Critical Parts of Successful COVID-19 Policy Response

June 22, 2022

Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

We analyze major tax proposals, examining their likely impact on the economy, on the nation’s fiscal health, and on the government’s ability to address critical national needs, especially over the long term. We also examine the impact of tax proposals on households at different income levels.

Federal Payroll Taxes

Federal Tax Expenditures

Fiscal Stimulus

Marginal and Average Tax Rates

Tax Exemptions, Deductions, and Credits

The Child Tax Credit

The Earned Income Tax Credit

The Federal Estate Tax

Where Do Federal Tax Revenues Come From?

Where Do Our Federal Tax Dollars Go?

View All Policy Basics

Experts

New Study Finds Income Support in Childhood Increases Future Earnings

The evidence strengthens the case that Congress should expand the Child Tax Credit to establish a foundation of economic security for...

Robust COVID Relief Achieved Historic Gains Against Poverty and Hardship, Bolstered Economy

The COVID relief effort was robust and featured a number of successful policy innovations. As a result, the nation achieved historic gains against poverty and lowered...

Congress Shouldn’t Prioritize Corporate Tax Interests Over Children and Low-Paid Workers

Congress shouldn’t place corporate tax interests ahead of two other tax priorities: delivering the full Child Tax Credit to the children who need it most and strengthening the Earned Income Tax...

The House Passed a Strong, Progressive Revenue Package — Now It’s Time for the Senate to Act

The bill would make many important tax reforms, including those that are urgently needed to advance a global agreement to reduce the flow of profits to tax...

Biden Proposal Would Eliminate Tax-Free Treatment for Much of Wealthiest Households’ Annual Income

A proposal in President Biden’s 2023 budget would ensure that households with more than $100 million in wealth pay at least 20 percent of their annual income in income tax. That includes...

This Mother’s Day, Congress Can Support Mothers by Expanding Child Tax Credit

All mothers want their children to have enough to eat, a safe home, and the opportunity to thrive, and the American Rescue Plan’s expanded Child Tax Credit provided critical financial support to...

House Bill Would Further Skew Benefits of Tax-Favored Retirement Accounts

The Securing a Strong Retirement Act of 2022’s key provisions, which would expand the federal tax subsidies for retirement saving, mainly help people with higher incomes and financially secure...

Child Tax Credit Has a Critical Role in Helping Families Maintain Economic Stability

The Child Tax Credit, especially when received monthly, has an important role to play in addressing the income volatility that many families...

Congress Should Permanently Strengthen Economic and Health Security for Front-line Workers and Millions More

The pandemic brought short-lived national attention to many low-paid workers who had previously been overlooked, as the public recognized more broadly that people like grocery clerks, bus drivers,...

Tax Filing Season Highlights Need to Reform Tax System, Rebuild IRS

A combination of factors has created an urgent need for federal policymakers to act soon on tax policy legislation: Costly, regressive tax cuts enacted during the George W. Bush and Donald...

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Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

Experts

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.