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The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. For over 80 years, our goal has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity.
As the 2020 Democratic presidential campaigns gear up, our experts provide leading tax policy research and analysis on the latest proposals, including a wealth tax, a financial transactions tax, a universal basic income, and a surtax on corporate profits.
Stay Informed on Tax Policy Research and Analysis
Tax policy has become one of the major issues of the 2020 presidential campaign. Now with our new interactive tool, you can keep track of all the tax plans proposed by the presidential candidates during the 2020 Election cycle.
Elizabeth Warren released a detailed plan on how she would fund Medicare For All, proposing a wealth tax, financial transactions tax, mark-to-market taxation of capital gains income, and a country-by-county minimum tax, among other reforms.
Bernie Sanders recently became the second major Democratic presidential candidate to propose a wealth tax.
Who are the workers, consumers, and shareholders who interact with businesses in the U.S.? What forms do these businesses take? How do business taxes impact people’s lives? It is essential we answer these questions in order to design a business tax system that is simple, efficient, and enables economic progress.
Sen. Warren's “Real Corporate Profits Tax” would reduce after-tax income for taxpayers at all income levels and reduce the incentive to invest in the United States, resulting in a 1.9 percent smaller economy, 1.5 percent lower wages, and 454,000 fewer full-time jobs.
Who really bears the burden of federal taxes? Who benefits from credits and deductions and by how much? How progressive is our current tax system and what role do taxes play in the debate over income inequality?
Sen. Elizabeth Warren recently proposed a wealth tax on high-net-worth individuals, a type of tax that is poorly targeted, difficult to administer, and raises constitutional questions.
Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez's plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.
Raising the corporate tax rate would reduce economic growth and lead to a smaller capital stock, lower wage growth, and reduced employment.