Non-profit

Tax Policy Center (TPC)

Urban-Brookings Tax Policy Center logo square only (link) by Tax Policy Center is licensed CC BY-SA 4.0 (link)
Website:

www.taxpolicycenter.org

Formation:

January 2002

The Tax Policy Center (TPC) is a left-leaning think tank based in Washington, D.C. It is a dual project of the left-leaning Brookings Institution and Urban Institute.

Controversies

Opposition to Tax Increases

On September 30, 2018, it was reported in the Wall Street Journal that the Tax Policy Center, which usually favors personal tax increases, chose to ignore its own analysis on the effects of repealing the $10,000 cap on the federal deduction for state and local taxes (also called “SALT”) created in the 2017 Tax Reform Act, a proposal favored by TPC.

According to the Journal, TPC senior fellow Howard Gleckman wrote that, if Congress repealed the deduction cap, “the top 1 percent of households, those making $755,000 or more, would receive more than 56 percent of the tax cut.” Gleckman criticized the TPC analysis for failing to consider “what will happen to state budgets if high-income residents resist tax increases that are now less subsidized by the federal revenue code.”

Gleckman reportedly found that the deduction helped middle-to-lower income households, whereas repealing it (per TPC’s suggestion) would benefit the wealthy.[1]

References

  1. Board, The Editorial. “Opinion | Ignore Our Numbers-Please.” The Wall Street Journal. September 30, 2018. Accessed October 02, 2018. https://www.wsj.com/articles/ignore-our-numbersplease-1538338010.
  See an error? Let us know!