Tax Foundation Economist Mark Robyn appeared on Fox Business Network August 5, 2010 to discuss why sales tax holidays are bad tax policy: The temporary, targeted periods of sales tax exemption are nothing more than political gimmicks that do little to help consumers. Instead, the holidays distort consumer choices while favoring certain industries over others, increase tax code complexity, and distract from real, permanent tax relief.
In Fiscal Year 2010, state and local governments collected $441.6 billion in property taxes, comprising 23.5 percent of state and local own-source revenue.[1] The tax exists in all...
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President Obama just announced at a press conference that he has directed Treasury Secretary Jack Lew to demand the resignation of the Acting IRS Commissioner, Steven Miller. CNN then obtained Miller's resignation letter...
In a press conference this weekend, Minnesota lawmakers announced an overview of their budget agreement. Though some details remain unspecified, the major tax provisions are disappointing.
Here’s what we do know....