The Tax Policy Blog

September 30, 2016

Today is September 30, the date in 2008 when the national debt passed the $10 trillion mark. Today it stands at $19.5 trillion.

Here are some interesting links I came across:

California LAO Reviews Film Tax Credit Program: While careful to note that the state can justify the program as a defensive measure against other states’ programs, ...

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September 30, 2016

The tax world lost a good friend yesterday with the passing of Jim Lyons. For the past eight years, Jim was a senior Republican staffer on the Senate Finance Committee. He was extremely well liked and respected by people on both sides of the political aisle.

Jim, 43, joined the committee in 2008 when Senator Chuck Grassley was chairman. Shortly after Jim suffered a heart attack during a recent charity basketball game, current Committee Chairman Orrin Hatch said in a statement that...

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September 29, 2016

California’s state Legislative Analyst's Office (LAO) is out today with a comprehensive review of the impact of the state’s film tax credit program. Their report reviews the program as it existed from 2009 to 2014, before a change that year both boosted the amount of credits awarded (from $100 million per year to $330 million per year) and changed the award process. All told, the state awarded $800 million in credits under the...

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September 29, 2016

Today is September 29, the date in 1789 when the first session of Congress adjourned after a 209-day session that included establishing the Departments of State, War, and Treasury; passing the Judiciary Act; and imposing a revenue tariff. Congress did not meet again until January 1790.

Here are some interesting links I came across:

Initial coverage of our just-released ...

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September 28, 2016

Today is September 28, the anniversary of the Norman invasion of England in 1066. After becoming king, William the Conqueror continued the existing land tax (“danegeld”) and commissioned the Domesday Book in 1085 to survey land values across the kingdom for tax purposes.

Here are...

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September 28, 2016

Today, we are very excited to release our annual State Business Tax Climate Index, now in its 13th edition. Our Index gives taxpayers, the media, and policymakers a barometer to judge state tax systems against the rest of the country, while providing a roadmap to reform their tax codes to a simpler, more neutral, more transparent system.

...

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September 27, 2016

Taxes played a central role in last night’s presidential debate, as Hillary Clinton and Donald Trump presented contrasting visions for U.S. economic policy. The candidates...

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September 27, 2016

Today is September 27, the date Google has decided is its birthday. Happy birthday, Google!

Here are some interesting links I came across:

Debate Night: Taxes came up. My colleague Scott Greenberg has more. (Tax Foundation)

Majority of Senate Signs on to Beer Tax Cut: Sens....

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September 26, 2016

Today is September 26, the date of the first televised presidential debate, between John F. Kennedy and Richard M. Nixon in 1960. While most scholarship on the debate focuses on Nixon’s haggard appearance (he had just been in the hospital for a knee infection and refused makeup to cover his stubble and sweat) or Kennedy’s flouting of the rules (it was supposed to be on domestic policy, and Kennedy opened with a long discussion of foreign policy), taxes did come up.

Kennedy was asked...

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September 23, 2016

Regular readers of Tax Foundation reports know that we publish estimates of the distributional impact of federal tax changes: that is, we estimate how a tax reform might affect the after-tax incomes of taxpayers at different income levels.

The way we usually have organized this is by percentile. For example, if you’re at the 60th percentile on our income tables, that means that for every 100 taxpayers, about 40 people would have higher incomes than you, and 60 would have...

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September 23, 2016

Today is September 23, the birthday in 63 B.C. of the Emperor Augustus, Rome’s first emperor and the namesake of the month of August. Among other things he was a tax reformer, replacing arbitrary and intermittent tributes collected by private tax collectors with a system whereby civil servants collected fixed tax quotas from each province in proportion to population. Indirect taxes included taxes on sales, slaves, and...

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September 22, 2016

This morning, Hillary Clinton’s campaign announced a proposal to significantly increase the federal estate tax. Among other things, the proposal would increase the top estate tax rate to 65 percent for estates worth more than $1 billion, modeled off of the “billionaires’ surtax” proposed by Bernie Sanders....

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September 22, 2016

Today is September 22, the birthday of California activist Howard Jarvis (1903-1986), champion of California’s Proposition 13 (1978) and namesake of the Howard Jarvis Taxpayers Association. After years of skyrocketing property tax increases, Prop. 13 immediately cut property taxes by 30 percent and capped them thereafter: property taxes are limited to 1 percent of assessed value and the assessed...

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September 21, 2016

Last week, the Center on Budget and Policy Priorities (CBPP) released a critique of the Tax Foundation’s Taxes and Growth (TAG) Macroeconomic Model. Most of the authors’ comments center around the fact that our macroeconomic results differ, sometimes significantly, from those offered by both the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT). As such, we think it would be useful to respond by explaining how our model differs and why we make the assumptions that...

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September 21, 2016

Today is September 21, the feast day of the Christian Apostle Matthew. According to Matthew 9:9-13, Matthew was a tax collector (then a form of sinner, apparently) when he was called to follow Jesus.

Here are some interesting links I came across:

Speaker Ryan Speaks on Tax Reform: House Speaker Paul Ryan (R-WI)...

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Subscribe to Tax Foundation - Tax Foundation's Tax Policy Blog The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.

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