The Tax Policy Blog

September 04, 2008

A few weeks ago the Tax Foundation launched the CompeteUSA campaign to raise the public's awareness of the ways America's high business tax rates affect our competitiveness, wages, and living standards. The CompeteUSA campaign launch comes on the heels of new data released by the Organisation for Economic Co-Operation and Development (OECD) showing that the United States has the second-highest corporate income tax rate in the industrialized world, that for the 17th...

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September 03, 2008

In his speech last night at the Republican National Convention, fromer Tennessee Senator Fred Thompson actually brought up the issue of tax incidence, albeit in a non-academic political soundbite. From the LA Times:

Now, our opponents tell us not to worry about their tax increases. They tell you they're not going to tax your family. (Laughter.) No...

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September 03, 2008

The Los Angeles Times had an article today that described Alaska Gov. Sarah Palin's battle to acquire earmarks for the state and the town of Wasilla when she was mayor. We've already documented how Obama and Biden differed on the biggest energy vote of the past decade, where Obama sided with special interests whom he constantly says he will take on....

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September 03, 2008

Florida's tax swap ballot initiative will not appear on the November ballot. The Florida Supreme Court unanimously upheld a lower court ruling removing it from the ballot because summary materials were confusing.

We commented on tax swaps here:

As we have stated before, tax swaps are not...

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September 03, 2008

We've all heard that cigarettes are bad for us and for society as a whole and should therefore be taxed. Many people also believe that certain sexual behavior is bad for individuals and society, so why not tax it as well? Stephen Dubner, co-author of Freakonomics,...

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September 03, 2008

On Friday, the Texas Supreme Court denied rehearing in the First American Title Ins. Co. case. The Tax Foundation had filed a friend-of-the-court brief supporting the petition for rehearing, following a 5-4 decision by the court to uphold a decision by the state Comptroller to increase taxes on out-of-state insurance companies, disrupting the interstate retaliatory tax system in place for the last two decades.

The arguments in...

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September 03, 2008

Robin C. Capehart of West Liberty State College and Raymond Keener III of Marshall University have a well-written piece in today's Tax Notes examining the Supreme Court'...

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September 02, 2008

Be sure to check out our Presidential Candidate Tax Plan Comparison, newly updated for the post-primary general election. See how each of the candidates stand on income taxes, corporate taxes, tax reform, the estate tax, payroll taxes, the AMT, and capital gains and dividends taxes.

August 31, 2008
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August 30, 2008

I recently authored a commentary criticizing a recent report from the Center of Budget and Policy Priorities, where they cherry-pick new Census data and recast what most people would consider good news into disturbing trends. I compare it to cynical spin that treats the 1970's as some ideal economic climate worth emulating:

These statements are both true and misleading. The narrow definition of poverty used by CBPP ignores the fact that poverty in 2008 means something...

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August 29, 2008

The Northeast Mississippi Daily Journal recently published an editorial on Governor Barbour's special tax study commission's recommendations. The editorial board supports the proposal to raise cigarette taxes by 32 cents, but argues for a $1 overall increase in the per-pack tax. The editorial also calls...

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August 29, 2008

Yesterday we reported that the U.K. investment firm Henderson Group announced that it is reincorporating in Ireland to lower its overall tax bill. Henderson is the third U.K. firm to announce such a move this year.

However, the Telegraph is reporting that the engineering firm Charter and the office space management firm Regus have...

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August 29, 2008

Several Indiana cities currently face some difficult budget decisions. While each city has numerous options to increase revenues or reduce expenditures, the "Washington Monument" strategy is being utilized by some local officials. Instead of looking for efficiency gains, officials simply threaten to cut or drastically reduce a service in attempts to muster support for budget increases. The National Park Service uses this strategy, suggesting it would have to reduce visiting hours...

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August 29, 2008

A recent study shows that while America has left the major features of its business tax system unchanged over the past fifteen years, virtually all developed nations have lowered their corporate tax rates, potentially hurting the competitiveness of the United States.

In Tax Foundation Fiscal Fact No. 143, "Comparing International Corporate Tax Rates: U.S. Corporate Tax Rate Increasingly Out of Line by Various Measures," Tax Foundation Vice President for Economic Policy...

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August 28, 2008

Getting a good amount of attention this week is our blog post on a California initiative proposal to raise income taxes on high-income earners, impose a new wealth tax, and seize 55% of assets in an exit tax. We explained in that post why it is poor tax policy and partially unconstitutional.

Some of the blog who have commented on the proposal include:

  • ...
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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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