As he did in last year’s budget, President Obama has called for a cap on retirement accounts, even though the personal savings rate in America hovers in the low single digits. Obama has added a provision to encourage...
- Arizona Law Prof. John Swain: The Role of Congress in Developing Ap...
Arizona Law Prof. John Swain: The Role of Congress in Developing Apportionment Standards
The United States House of Representatives' Committee on the Judiciary's Subcommittee on Commercial and Administrative Law recently held a hearing titled, "State Taxation: The Role of Congress in Developing Apportionment Standards." In this week's podcast, Arushi Sharma, a clerk with the Tax Foundation's Center for Legal Reform, interviews Professor John A. Swain of the University of Arizona James E. Rogers College of Law, who testified at the hearing on the historical aspects of the apportionment of business income among states and the importance of uniformity in setting apportionment standards. Swain discusses how more states have moved away from a three-factor apportionment formula (property, payroll and sales) to a single-factor sales apportionment formula.
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