The Tax Policy Blog

June 11, 2015

In an op-ed published today in The Hill, Mike Garland and Susan Reilly of the American Wind Energy Association advocated for the long-term continuation of the Production Tax Credit (PTC) for renewable energy. Since the Energy Policy Act of 1992, the PTC has played a significant...

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June 11, 2015

State and local governments obtained 23 percent of their combined tax collections from general sales taxes in the 2012 fiscal year (the most recent year available). This week’s map shows the amount of state and local sales tax collections per capita in each state.

Click on map to enlarge. (See our reposting policy here.)

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June 11, 2015

European Commissioner for Competition Margrethe Vestager announced yesterday that the European Union (E.U.) would widen an investigation into member states’ tax policies, which she alleges aided international corporations in attaining selective tax advantages. Countries under investigation include Estonia, Ireland, and Luxembourg, all of which rank in the...

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June 10, 2015

In a recent interview on ABC’s This Week, Presidential hopeful Bernie Sanders reiterated his position that he wants the United States to look more like Scandinavian countries policy-wise:

George Stephanopoulos: “I can hear the Republican attack ad right now: ‘He wants America to look more like Scandinavia.’”

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June 09, 2015

In today’s New York Times, Michael Mandel of the Progressive Policy Institute writes about the ongoing international efforts to stop multinational corporations from evading taxes. In his column, he speculates that the G20’s Base Erosion and Profit Shifting project might cause American jobs to move overseas:

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June 09, 2015

Colorado voters will face two options this November: either allow the state government to keep revenue from recreational marijuana, or reclaim the tax dollars via several types of tax refunds. The Taxpayer Bill of Rights (TABOR), a well-known amendment to the Colorado Constitution, requires the state to refund taxpayers if the state’s spending or revenue collections exceed the previous projections.

The...

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June 05, 2015

Earlier this week, the Connecticut Legislature adopted a $40.3 billion biennial budget that includes significant changes to the state’s tax structure. Facing a projected deficit of nearly $3 billion in FY 2016-17, legislators acted on a budget which raises approximately $...

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June 05, 2015

The Congressional Research Service (CRS) recently released a report on the Earned Income Tax Credit (EITC). The EITC is a tax credit that is aimed at helping low-income taxpayers while increasing labor force participation. As a refundable credit, it not only reduces an individual’s tax bill by the amount of the credit, but can also reduce a taxpayer’s tax bill below zero, yielding a refund.

The...

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June 04, 2015

Earlier today, MSNBC’s Morning Joe with Joe Scarborough featured the State Business Tax Climate Index in an interesting segment on Connecticut’s latest tax debate over corporate taxes. Morning Joe analyst Steve Rattner compares the state’s 42nd place ranking on the Index to the state’s growth and unemployment rates. He then examines how Connecticut stacks up against other states.

Watch the full clip below!

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June 04, 2015

Today I received a question from a reader: “Delaware is home to some of the biggest incorporated businesses in the US, but the Tax Foundation ranks the state 50th (worst) in the corporate tax component of your State Business Tax Climate Index. How can that...

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June 04, 2015

As Congress works on reauthorizing the Federal Aviation Administration, the issues facing airports are worthy of extra attention. The current system for airport funding in the U.S. is in need of reform. Passengers face a variety of fees on their air travel, and some of them – like the Passenger Facility Charge – do much better job of funding airports than others – like the taxes levied on tickets. I recently wrote a...

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June 03, 2015

In the New York Times op-ed page today, I noticed an article on residential areas that have suffered since the housing crisis. I don’t have much to say on housing; I’m sure the author knows much more about distressed residential areas than I do. However, the tax proposal in the article caught my eye: “For longtime owner-occupants in such neighborhoods, we should consider a fully...

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June 03, 2015

The Affordable Care Act, passed in 2010, included several new revenue provisions, intended to fund the federal government’s expanded role in the health care system. Many of these new sources of revenue were excise taxes, levied on specific goods or activities. One of these, the medical device excise tax, has been in the...

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June 03, 2015

I have a new publication up at Libertarianism.org, a project of the Cato Institute. It examines the role that Adam Smith has played in influencing the public debate on tax policy in the last couple of centuries, and includes some critiques that Smith might have had against federal, state, and local tax systems in America today.

Other key discussions include:...

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June 03, 2015

For this week's tax map, we take a look at cigarette tax rates across the country, which vary widely from state to state and are levied on top of a federal rate of $1.0066 per 20-pack of cigarettes.

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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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