[Reply by Sep 22] Aggregating PSL project updates, Aug 23 to Sep 22

  • Reporting period: Aug 23 to Sep 22, 2020
  • Reply by: Sep 22, 2020 (Tue)
  • Aggregated draft to be posted here by: Sep 23, 2020 (Wed)

Projects:

This is a thread to aggregate project updates for the August NumFOCUS and PSL newsletters. Please reply with developments pertinent to the projects you have worked on during the reporting period. Please include URLs where applicable.

Items to consider:

  1. New releases or features
  2. General updates
    • Recent achievements you’re most proud of
    • What are you working on? What’s coming up? Where do you need help?
    • Upcoming events
    • Job openings

Feel free to contact me with questions. Thanks!

New release for CCC - version 1.2.0. It includes

  • more flexible modeling of capital gains tax treatment
  • Compatibility with Tax-Calculator 3.0.0
  • Additional outputs for the CCC app on Compute Studio.

OG-USA has had some documentation updates and also minor changes to ensure capability with Tax-Calculator 3.0.

CCC was used for the analysis in the AEI paper: https://www.aei.org/research-products/report/the-tax-burden-on-business-investment-under-joe-bidens-tax-proposals/

1 Like

New in Tax-Cruncher v0.4.0:

  • Ability to analyze the qualified business income (QBI) deduction
  • Minor changes to allow for faster processing of large input datasets
1 Like

Tax-Calculator released version 3.0.0. The latest release adopts ParamTools for parameter processing and validation, builds new documentation with Jupyter Books, creates a new parameter for adjusting inflation-indexed parameters, and updates the baseline data for the model.

Tax-Calculator and Tax-Cruncher were used to develop estimates cited by Richard Rubin in a Wall Street Journal story on, “how Biden’s tax plan might affect five American households.” https://www.wsj.com/articles/how-bidens-tax-plan-might-affect-five-american-households-11599739200

CCC was used for the analysis in the AEI paper: https://www.aei.org/research-products/report/the-tax-burden-on-business-investment-under-joe-bidens-tax-proposals/

Tax-Calculator also used in the Pomerleau paper.

1 Like

Below are the aggregated updates for NumFOCUS newsletter. The aggregated updates for PSL newsletter are in this pull request.

Please reply with corrections or edits by noon on Friday, 9/25/2020.

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The Policy Simulation Library (PSL) is a collection of open-source models and software for public-policy decisionmaking.

Recent releases:

  • Tax-Calculator, a model for US federal personal income tax policy, released 3.0.0 that brought a host of updates, including new baseline data.
  • Several other tax and fiscal policy models (Cost-of-Capital-Calculator, OG-USA, and Tax-Cruncher) are brought up to speed with Tax-Calculator 3.0.0.
  • PSL added a new cataloged project, microdf, which is a package for analyzing economic microdata as pandas DataFrames.

General announcements:

Upcoming events: