Yesterday, the US Senate narrowly approved a $792 billion tax cut, 50-49. The bill, which was passed by the House with a vote of 221-206, would, among other things, cut all five income tax rates by one percentage point, lower capital gains rates, and eliminate death taxes on estates. The bill will not be sent to President Clinton -- who opposes the size of the cut and favors using the projected...

The Brookings Institution offers comment on topics such as financial restructuring, international relations, and metropolitan policy. Its Tax Policy Center is one of its thematic centers that provides access to white papers, commentaries, data sets and other resources related to this complex subject. This in-house blog, TaxVox, offers up thoughtful musings on the wide world of taxes that will be...

In early 2001, President Bush released a summary of his agenda for tax relief. He claims to offer a "bold and fair tax relief plan that will reduce the inequities of the current tax code and help ensure that America remains prosperous." Highlights of Bush's proposal include doubling the child care credit to $1,000 per child, reinstating the ten percent deduction for two-earner couples, thus...

For the first time scholars and researchers have gotten together and prepared an analytical survey on the relationship between Earned Income Tax Credit (EITC) recipients and the location of tax preparation services (such as H&R Block and Jackson Hewitt) that offer e-filing and tax returns. Available in Adobe Acrobat (.pdf), and co-authored by the Brookings Urban Center and the Progressive Policy...