The Tax Policy Blog

December 14, 2016

Following the resounding defeat of Measure 97 in Oregon, the state faces a large budget deficit for its next biennium. A number of revenue increases are expected to be considered during the state’s legislative session, which begins in February. However, Our Oregon, the group that pushed for...

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December 13, 2016

A tax proposal I’ve covered from time to time has resurfaced again as a possible revenue-raiser, introduced in the House and the Senate by Representative Richard Neal and Senator Mark Warner. This proposal, concerning reinsurance premiums, is doubly-concerning to me: it is not only misreads the specific industry it covers, but it is also part of a broader view of...

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December 13, 2016

With the recent implementation of new soda taxes at the city and county level, questions of why and how to enact them have become popular for discussion. Yesterday, the Tax Policy Center published a research report that explores the most efficient way to enact soda taxes based on politicians’ priorities. In the report, they do not argue whether soda taxes are good or bad...

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December 12, 2016

There’s nothing practical about the gifts from the Twelve Days of Christmas—just how often do you really need lords a-leaping? But have you ever considered the tax implications? (No. I realize that the answer is no.) Let’s remedy that by taking a look at the list, in declining order:

Twelve Drummers Drumming

In India, drummers play an important role in raising tax revenue. I’m not talking about the entertainment tax, though there is one, but rather the role of...

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December 05, 2016

As the tax reform debate begins to heat up, businesses and investors are beginning to pay closer attention to the House GOP Tax Reform Blueprint, a tax plan released last June by Speaker Paul Ryan and House Ways and Means Chairman Kevin Brady. The Blueprint is designed to encourage business investment and generate...

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December 05, 2016

With 2017 just around the corner and state policymakers beginning work on next year’s legislation in earnest, it’s worth pausing to review recent trends in state taxation to glean hints of what to expect in the year to come. Here are a few trends we’ve been seeing in recent years:

  • Reduced Taxation of Capital. States have been slowly but steadily eliminating or reducing reliance on tangible personal property taxes (generally levied on business property like...
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December 02, 2016

The OECD released their Revenue Statistics publication for 2015 this week, revealing the total tax revenue as a percent of GDP of the OECD countries has risen by 10 bases points. The increased tax revenue was driven by an increase in income tax collected in the largest OECD economies. Both Mexico and Turkey increased their tax revenues as a percent of GDP by more...

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December 02, 2016

Each year, the Tax Foundation honors state legislators, executives, and other individuals with its Outstanding Achievement in State Tax Reform award. As the name suggests, the honoree's accomplishments must be (1) outstanding, (2) an achievement (not merely a proposal) during 2016, and (3) ...

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December 01, 2016

The news of the day is that President-Elect Donald Trump and Vice President-Elect and Indiana Governor Mike Pence have together secured a deal to keep a Carrier furnace plant in Indiana. The plant will retain 1,000 jobs that the company was planning to move to Mexico. Some thoughts that are important for media and taxpayers to consider:

1.       ...

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December 01, 2016

In 30 days, over a million people will crowd into Times Square to watch the ball drop. Families across the country will sing Auld Lang Syne and toast to the new year. And, amidst the celebration and revelry of New Year’s Eve, 36 minor tax provisions are set to expire from the U.S. tax code.

The 36 tax provisions that are set to expire – known as “tax extenders” – are a hodgepodge of minor tax breaks for...

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December 01, 2016

Today is December 1, the date in 1867 when the U.S. Supreme Court decided Crandall v. Nevada, ruling that states cannot impose a tax on leaving the state. Nevada had imposed a $1 exit tax on all people leaving the state by railroad, stagecoach, or other vehicle. Crandall, who ran a stagecoach company, refused to collect the tax from his passengers, arguing it was void under the Constitution. The Supreme Court of...

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November 30, 2016

Today is November 30, Mark Twain’s birthday. He once said, “The only difference between a tax man and a taxidermist is the taxidermist leaves the skin.”

Here are some interesting links I came across:

Trump Picks Mnuchin for Treasury Secretary: The banker and film producer was Trump’s campaign finance chairman. He told CNBC tax reform...

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November 30, 2016

Yesterday was Giving Tuesday, but the giving season has just begun. If you love our blog, we hope you’ll consider making a special year-end gift to support the Tax Foundation's work in 2017.

As 2016 comes to a close, we're taking a look back at what has been our most exciting year to date! At the national level, the tax reform debate is in full swing with the prospects of tax reform growing in 2017. Our...

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November 29, 2016

Today is November 29, the date in 1977 when the U.S. Supreme Court decided Commissioner v. Kowalski, which held that taxable income includes cash payments replacing a previous employer-provided direct benefit.

Robert Kowalski was a New Jersey state trooper who did not report as income on his tax return $1,371.09 in meal allowances he had received. In 1949, New Jersey began providing state troopers...

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November 29, 2016

D.C. Council Chairman Phil Mendelson (D) yesterday released his compromise paid leave proposal, after developing it over the past several months. Key elements:

  • A 0.62 percent payroll tax on all employers in the District (except the federal and D.C. governments), beginning in 2019....
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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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