The Tax Policy Blog

October 20, 2016

“Here’s a guy who, when he runs, he moves faster” – John Madden.

The former Raiders coach and football commentator was a master of saying the obvious, but sometimes it’s necessary to say the obvious. For instance: taxpayer subsidization of stadium projects is in the best interest of stadium and franchise owners, not taxpayers.

Nevada Governor Brian Sandoval (R) recently signed legislation levying an additional...

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October 19, 2016

Voters in the city of Olympia, Washington, will decide whether to impose an income tax on themselves, at a rate of 1.5 percent on income above $200,000, although you’d hardly know it from the ballot language.

Initiative 1 is listed on the ballot as “establishing and funding a college grant program.” The next two lines discuss who will be eligible to receive tuition grants, and only then...

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October 19, 2016

This November, three California cities and Boulder, Colorado are set to vote on ballot initiatives that would impose hefty local excise taxes on soda and other sugar-sweetened beverages. My colleague Morgan Scarboro and I have an op-ed in U.S. News & World Report today about how these proposals are unlikely to deliver on the promises proponents of these taxes make. From...

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October 19, 2016

Today is October 19, the 59th birthday of Grover Norquist of Americans for Tax Reform (ATR), a group he founded in 1985 that promotes the Taxpayer Protection Pledge opposing all tax increases.

Here are some interesting links I came across:

Europe to Pursue Unified Corporate Tax System:...

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October 18, 2016

At this point, most people who pay attention to tax policy are familiar with how Hillary Clinton’s and Donald Trump’s plans would work and their implications. However, I think it would be useful to take a step back and review the plans and what we at the Tax Foundation...

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October 18, 2016

Though most Californians have kicked the smoking habit, they will still face a decision this November: should the statewide cigarette tax be increased by $2? Although California has the second-lowest smoking rate in the country at 11.6 percent, proponents still hope to raise a significant amount of revenue by hiking...

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October 18, 2016

Today our team released a new resource on the Top State Ballot Initiatives to Watch in 2016. In it, we review 19 tax initiatives in 12 states (and counting!) that will be decided on by voters on November 8th. The questions deal with issues that range from gross receipts taxes to marijuana taxes to public option health care.

Each blurb links to our extended analysis on the ballot questions, and...

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October 18, 2016

Both Hillary Clinton and Donald Trump have released tax plans during the campaign. The Tax Foundation has analyzed both the plans using our Taxes and Growth (TAG) model to estimate how their plans would impact taxpayers, federal revenues, and economic growth. Below, is a chart that contains all you need to know about the candidates' plans.

...

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October 18, 2016

On November 8, voters in five states will decide whether to legalize and tax marijuana. If they all pass, 23 percent of Americans will live in a state with recreational marijuana sales, compared to about 5 percent today.

Currently, recreational marijuana is legal in Colorado (2014), Washington (2014), Oregon (2015), the District of Columbia (2015), and Alaska (2016). The proposals on the November 8 ballot are:

...

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October 18, 2016

Today is October 18, the date in 2005 when the national debt passed the $8 trillion mark. Today it stands at $19.7 trillion, or more than $60,000 per person.

Here are some interesting links I came across:

Tax Initiatives on the November Ballot: We list significant tax-related ballot initiatives...

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October 17, 2016

Today the Penn Wharton budget model project presented its macroeconomic analysis of the tax plans proposed by presidential candidates Hillary Clinton and Donald Trump. An interactive version of its macroeconomic analysis can be found here. We expect these results, or similar ones, will soon be incorporated into a Tax Policy Center analysis, though at this time, none has been released.

Under the Penn Wharton budget...

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October 17, 2016

Oregon ballots, which include Measure 97 (M97), will hit mailboxes this week. Voters will finally answer the question: Should this flawed tax take effect in Oregon on January 1, 2017? We’ve written...

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October 17, 2016

Today is October 17, the date in 1931 when gangster Al Capone (1899-1947) was convicted of evading income taxes. (In 1927, the U.S. Supreme Court had ruled that the Fifth Amendment protection against self-incrimination did not protect criminals from paying tax on illegal income.) The following month he was sentenced to eleven years in federal prison, which he served in Atlanta and Alcatraz before being paroled in 1939.

Here are...

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October 14, 2016

Today is October 14, the 126th birthday of President Dwight Eisenhower (1890-1969). After a successful military career in World War II, Eisenhower as president (1953-1961) focused on challenging the Soviets in the Cold War while avoiding open conflict, restraining the growth of the federal government and keeping the budget in balance, and progress on civil rights. Except for the first two years of his administration,...

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October 13, 2016

Today is October 13, the date in 1983 when the first cellular phone service became available to the public, in Chicago. Just this week, we released a report on cell phone tax burdens in each state; taxes and fees on wireless service are 18.6 percent of the average customer’s monthly bill.

Here are some interesting links I...

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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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