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Erica York Tax Foundation
Expert

Erica York

Senior Economist, Research Director

Erica York is Senior Economist and Research Director with Tax Foundation’s Center for Federal Tax Policy. She previously worked as an auditor at a large community bank in Kansas and interned at Tax Foundation’s Center for State Tax Policy.

Her analysis has been featured in The Wall Street Journal, The Washington Post, Politico, and other national and international media outlets. She holds a master’s degree in Economics from Wichita State University and an undergraduate degree in Business Administration and Economics from Sterling (KS) College, where she is currently an adjunct professor. Erica lives in Kansas with her husband and their two children.

Latest Work

American Jobs Plan Tax Biden Infrastructure Plan Details and Analysis Tax Foundation

Tax Policy in the First 100 Days of the Biden Administration

In his first 100 days as president, Joe Biden has proposed more than a dozen significant changes to the U.S. tax code that would raise upwards of $3 trillion in revenue and reduce incentives to invest, save, and work in the United States.

4 min read
Biden capital gains tax rates, Biden capital gains tax proposal. Compare combined capital gains rates under Biden tax plan fv3-01

Top Combined Capital Gains Tax Rates Would Average 48 Percent Under Biden’s Tax Plan

The top federal rate on capital gains would be 43.4 percent under Biden’s tax plan (when including the net investment income tax). Rates would be even higher in many U.S. states due to state and local capital gains taxes, leading to a combined average rate of over 48 percent compared to about 29 percent under current law.

3 min read
Raising the corporate rate would reduce GDP by $720 billion Tax Foundation analysis. More on Biden’s proposal to increase the corporate tax rate to 28 percent (higher corporate income tax impact)

Raising the Corporate Rate to 28 Percent Reduces GDP by $720 Billion Over Ten Years

The Options guide presents the economic effects we estimate would occur in the long term, or 20 to 30 years from now, but we can also use our model to show the cumulative effects of the policy change—providing more context, for instance, about how the effects of a higher corporate income tax rate compound over time, which we estimate would reduce GDP by a cumulative $720 billion over the next 10 years.

4 min read
Bernie Sanders CEO Pay Act, Tax Excessive CEO Pay Act, Bernie Sanders CEO tax Work Opportunity Tax Credit WOTC, Supplemental Nutrition Assistance Program (SNAP), Temporary Aid for Needy Families (TANF) Sherrod Brown, Ben Cardin

A CEO Tax Is the Wrong Way to Help Workers

In an effort to rein in perceived excesses in executive compensation, Sen. Bernie Sanders (I-VT) and other co-sponsors have proposed to increase a company’s corporate income tax rate progressively based on the difference between median worker pay and CEO pay.

4 min read
unemployment compensation taxable income unemployment compensation as taxable income american rescue plan act's exclusion A person filling out tax papers, tax treatment of the working class

A Neutral Tax Code Counts Unemployment Compensation as Taxable Income

Since 1987, unemployment compensation benefits have been subject to federal income tax and, in most states, to state income tax. According to the Congressional Research Service, such treatment—including unemployment compensation benefits in taxable income—is common across industrial nations.

4 min read
Inflation Reduction Act stock buyback tax Making the expanded child tax credit permanent American Rescue Plan Act. House Democrats covid plan. House Ways and Means coronavirus relief legislation. House Ways and Means committee coronavirus relief legislation. Ways and Means Chairman Richard E. Neal coronavirus relief package. New coronavirus relief bill summary, Stimulus check round 2, unemployment benefits

Making the Expanded Child Tax Credit Permanent Would Cost Nearly $1.6 Trillion

As the Biden administration and Congress consider making the expanded child tax credit permanent, a nearly $1.6 trillion expansion of tax code-administered benefits, they should consider financing it in a way that doesn’t create significant headwinds to economic recovery.

3 min read
State tax burden map, state and local tax burden, state-local tax burden rankings, 2021 state tax burden rankings, state tax burdens map

State and Local Tax Burdens, Calendar Year 2019

New Yorkers faced the highest burden, with 14.1 percent of income in the state going to state and local taxes. Connecticut (12.8 percent) and Hawaii (12.7 percent) followed.

19 min read