Two major provisions in the federal tax code have been limited since the Tax Cuts and Jobs Act (TCJA) of 2017: the state and local tax (SALT) deduction and the home mortgage interest deduction (MID).3 min read
Jason Harrison is a 2021 summer intern with the Tax Foundation’s Center for Economic Analysis and Center for Federal Tax Policy.
Three upcoming tax law changes scheduled by the 2017 Tax Cuts and Jobs Act (TCJA) to help offset its revenue losses would be canceled by proposed legislation that would prevent the tax treatment of investment from worsening over the coming years.4 min read
While parts of the U.S. tax code can handle inflation, full expensing of capital investment would be a major improvement along these lines.5 min read
The negative effects of President Biden’s proposed 28 percent corporate income tax rate could be tempered by improving how the corporate income tax base treats investment expenses.4 min read