Debates over tax fairness and anti-avoidance rules have dominated European tax policy circles for over a decade. However, as geoeconomic pressures increase around the world, policymakers are looking for ways to boost European competitiveness and economic growth.
18 min read
Military action around the Strait of Hormuz has increased global oil prices. In response, policymakers around the world have put forward proposals targeting oil and gas producers who are seeing profits increase in the short run from the spike in prices.
5 min read
A well-designed tax trigger can be a highly valuable tool for lawmakers seeking both tax reform and revenue stability. States should embrace established baselines adjusted for inflation, use collections instead of projections as benchmarks, and prioritize contributions to their rainy day funds.
7 min read
During a recent special session called by Gov. Sarah Huckabee Sanders (R), Arkansas policymakers cut the state’s top individual and corporate income tax rates, continuing Arkansas’s years-long tax reform streak and making the Razorback State one of five states to cut income taxes so far in 2026.
5 min read
Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.
5 min read
In response to surging gas prices, President Trump and several lawmakers have proposed suspending the federal gas tax via a gas tax holiday. Gas tax holidays have appeal across the political aisle, but suspending the federal gas tax is a uniquely ill-suited policy for addressing rising prices.
3 min read
2026 Tax Brackets
Facts & Figures 2026: How Does Your State Compare?
Summary of the Latest Federal Income Tax Data, Tax Year 2023
State Individual Income Tax Rates and Brackets, 2026
State and Local Sales Tax Rates, 2026
Corporate Tax Rates Around the World, 2025
Top Personal Income Tax Rates in Europe, 2026
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Commentary
See All CommentaryTestimony: A High-Earner Surtax Would Hurt Rhode Island’s Small Businesses
The economic literature overwhelmingly finds that an income tax increase of this magnitude would negatively affect economic growth and opportunity in Rhode Island.
No, Tariffs Are Not Strengthening the Economy
Testifying to Congress, United States Trade Representative Jamieson Greer argued that “President Trump’s trade policy is working.” The data present a different picture: President Trump’s trade agenda is actually holding back the economy.
The State Race for Wealth Taxes Will Fail. Just Ask Europe.
From coast to coast, lawmakers are embracing wealth and millionaires’ taxes. Many of these proposals will face their ultimate test at the ballot box this November, and we should be rooting for these measures to fail.
Is America Financially Illiterate? The Numbers Are Alarming
Most Americans don’t understand how the tax code works, and it’s costing them.
Testimony: Illinois “Millionaire’s Tax” Would Hurt Small Businesses, Exacerbate Outmigration
Illinois’ proposed Millionaire’s Tax would raise taxes on Illinois families and businesses in an economically damaging way, further harming the state’s competitiveness and reducing economic opportunity even for those Illinois residents who would not owe the tax directly.
Testimony: Vermont Would Tie for Highest Income Tax Rate in Country Under New Proposal
The proposed increase of Vermont’s top income tax rate would have negative effects on the state’s economy and competitiveness.
Hochul’s Pied-à-Terre Tax: One More Bad Option to Close NYC Budget Gap
Tax Refunds Are Higher. That’s Only a Fraction of the Story.
Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small Businesses and Lessons for Future Tax Reform
Remote Work and State Taxes: What You Need to Know
Corporate Tax Payments Will Fall This Year. Here’s Why That’s Good News.
We Tracked Every Trump Tariff Change for a Year. Here’s What We Found.