See the impact on the population and on your household in PolicyEngine UK — Earlier today, UK Chancellor Kwasi Kwarteng announced the Growth Plan 2022. The plan includes several provisions affecting National Insurance, Income Tax, and Stamp Duty: “reducing NICs rates by 1.25 percentage points from November and cancelling the Health and Social Care Levy coming in from April 2023.” (section 3.20) “bring forward…

See the impact in PolicyEngine. — New UK Prime Minister Liz Truss last week announced that the energy bill price cap will remain at £2,500 for the typical household until 2024, rather than rising as planned. The government will compensate energy companies for the difference. PolicyEngine now models this reform as a household transfer, as well…

Washingtonians can now compute the impacts of the Working Families Tax Credit and federal reforms. — Washington state hasn’t historically had an income tax. However, in the past year, they’ve enacted a Working Families Tax Credit (modeled after the federal Earned Income Tax Credit) and a capital gains tax¹ (which is currently held up in court). With support from the Center for Growth and Opportunity, we’ve…

Use PolicyEngine US to analyze provisions of the potential reconciliation bill. — Today’s tax code provides a credit of up to $7,500 for purchasing a new electric vehicle. The Inflation Reduction Act introduced by Senators Chuck Schumer (D-NY) and Joe Manchin (D-WV) last week would reform this credit and create a new one for purchasing used electric vehicles (EVs). …

See the interactive simulation on PolicyEngine — In a pitch today for Conservatives to elect him Prime Minister, Rishi Sunak has proposed lowering the basic rate of income tax from 20 percent to 16 percent by the end of the next parliament. …

You design the policy. We compute the poverty, inequality, and budgetary impacts. — Since we beta-launched PolicyEngine US in March, we’ve been working on two major new features: (a) state taxes and benefits, and (b) microdata for population-level analysis. We’re thrilled to share that we’ve launched an initial version of the latter. …

“There are some residents in Oxnard who are actively working to get more housing built. They’re fighting for zoning changes, lobbying for local candidates who are pro-affordable housing, and more.” — Earlier this month, I had a chance to speak with KCRW reporter Giuliana Mayo about Ventura County YIMBY for a story they were producing about Oxnard’s housing crisis. KCRW released that story today in their series Born and Razed, titled, “Oxnard’s housing crunch looks a little different from rest of…

Register for the BIG Conference June 23–25 and the Rules as Code Demo Day June 28 — From June 23 to 25, we’ll present PolicyEngine and PolicyEngine-based research at the 20th Annual Basic Income Guarantee Conference. The first two days will be in-person in Portland, Oregon, and the final day will be virtual. Then on June 28, we’ll present PolicyEngine at the first Rules as Code Demo…

See the analysis in PolicyEngine UK — Today, the Chancellor of the Exchequer announced a new Cost of Living Support package of cash transfers: £650 to households receiving means-tested benefits £150 to households receiving non-means-tested disability benefits £300 to households receiving the Winter Fuel Payment (i.e., those with pensioners) £200 to households receiving energy bills, doubling the…