Illinois continues to struggle with its budget. The state’s most recent stopgap budget expired on December 31, 2016. To perhaps break up the political logjam, Illinois senators of both political parties have begun...
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- Lunch Links: Analysis of Trump's Latest Tax Plan; Su...
Lunch Links: Analysis of Trump's Latest Tax Plan; Suit for Trump's Tax Returns DOA; IRS Discloses Too Much on Freedom of Information Requests; Nevada Tourism Approves Hotel Tax Increase to Fund Stadium
Today is September 16, the date in 1380 when King Charles V of France died, ordering the repeal of the country’s taxes on his deathbed. His wishes were not carried out.
Here are some interesting links I came across:
Trump Updates Tax Plan: My colleague Alan Cole has the details. Our federal team is hard at work on an economic analysis of the plan. (Tax Foundation)
Dynamic Analysis of House Tax Plan: The Urban-Brookings Tax Policy Center joins the dynamic scoring world with a new analysis of the Republican House tax plan that incorporates the effects of economic growth. They find the plan would reduce federal revenues by $3 trillion over ten years. Check out my colleague Scott Greenberg on Twitter (https://twitter.com/ScottElliotG/) for live coverage. (Tax Policy Center / Tax Foundation)
Someone Sues for Trump Tax Returns: But the lawsuit is dead on arrival because 26 U.S.C. § 6103 protects the confidentiality of tax returns. (Vice News)
IRS Accidentally Released Taxpayer Information in FOIA Requests: The Treasury Inspector General found that the IRS disclosed sensitive taxpayer information in two instances when responding to freedom of information act (FOIA) requests. Generally, though, the IRS tended to underreport requested information by withholding relevant materials. (Treasury Inspector General / Politico)
Nevada Committee Approves Tax for Stadium: The Southern Nevada Tourism Infrastructure Committee unanimously approved a 0.88 percent hotel tax increase in Clark County to fund a 65,000-seat football stadium. The plan now goes to the legislature and then the governor for approval. (Las Vegas Review-Journal)
Pension Crisis: Could Buyouts Be a Solution?: More states and cities are relying on lump-sum buyouts of employees to reduce unfunded pension liabilities. (Governing)
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