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Cancelling student debt has no immediate impact on the national debt, but will gradually increase the national debt in the long-term. → Read More
The unemployment rate skyrocketed to 14.7 percent, and employers cut 20.5 million jobs. → Read More
Giving people cash is a great way to soften COVID-19’s economic blow. But it’s sparked a classic debate. Should the federal government give money to... → Read More
COVID-19 poses a severe threat not only to public health but also to the overall U.S. economy. The Nation’s policy response should focus on three... → Read More
While the premise is simple, the details of implementing carbon dividends are complex. → Read More
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,... → Read More
In America, stock options create some unusual challenges for tax writers. → Read More
To reuse content from the Tax Policy Center, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction. → Read More
Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my... → Read More
Donald Marron, Institute Fellow at the Urban-Brookings Tax Policy Center, testified before the US Senate Committee on Finance as part of the hearing "Business Tax Reform." Marron presented seven main points about business tax reform based on the proposals that have been discussed by the Congress, including that policymakers should be realistic about near-term growth from business tax reform. → Read More
How fast will the US economy grow? When mainstream forecasters consult their crystal balls, they typically see real economic growth around 2 percent annually over... → Read More
OMB director Mick Mulvaney estimated that 3 percent growth could add $3 trillion in federal revenue. But can our economy grow that fast? → Read More
The House Freedom Caucus wants to eliminate the Budget Analysis Division at the Congressional Budget Office and rely on outside research organizations, including the Urban... → Read More
Eliminating the Budget Analysis Division at the Congressional Budget Office would harm fiscal policymaking. → Read More
Climate change is hot. From the pope’s encyclical to the upcoming United Nations conference in Paris, leaders are debating how to slow and eventually stop the warming of our planet. We economists think we have an answer: put a price on carbon dioxide and the other gases driving climate change. When emissions are free, businesses, consumers, and governments pollute without thinking. But put a… → Read More