What is the Urban Brookings Tax Policy Center?

The Urban-Brookings Tax Policy Center (TPC) aims to provide independent analyses of current and longer-term tax issues and to communicate its analyses to the public and to policymakers in a timely and accessible manner.

What is Brookings Metro?

Created in 1996, the mission of the Brookings Metropolitan Policy Program (Brookings Metro) is to deliver research and solutions that help metropolitan leaders build an advanced economy that works for all.

Has there ever been a wealth tax in the US?

In part because a wealth tax has never been implemented in the United States, there is no legal consensus about its constitutionality.

Is the Tax Policy Center nonpartisan?

The Urban-Brookings Tax Policy Center, typically shortened to the Tax Policy Center (TPC), is a nonpartisan think tank based in Washington D.C. A joint venture of the Urban Institute and the Brookings Institution, it aims to provide independent analyses of current and longer-term tax issues, and to communicate its …

What does it mean to be a fellow at Brookings Institute?

These two-year fellowships are awarded to 10 outstanding early- and mid-career scholars, placed across five research programs at the Brookings Institution to study a wide range of local, national, and global policy issues. Read the full announcement about the 2021 class » Learn more about the 2019 class »

What is the Metropolitan policy Program?

The Metropolitan Policy Program (formerly the Center on Urban and Metropolitan Policy) of The Brookings Institution was launched in 1996 to provide research and policy analysis on the shifting realities of cities and metropolitan areas.

What does the Brookings Institution do?

The Brookings Institution is a nonprofit public policy organization based in Washington, DC. Our mission is to conduct in-depth research that leads to new ideas for solving problems facing society at the local, national and global level.

Is Biden going to tax billionaires?

In March, President Biden proposed the Billionaire Minimum Income Tax (BMIT) that would require the wealthiest Americans to pay at least 20% on all income. Currently, billionaires pay an average of only 8.2% of their income, according to the White House.

What is salt cap tax?

Only taxpayers who itemize their deductions have the opportunity to take the state and local tax deduction, which can reduce their federal income tax liability by deducting certain taxes paid to their state and local government.