Colorado’s Election Day Choice on Income Taxes
On Election Day, Coloradans will get to decide on two competing measures on income taxes: an initiated statute that would cap income taxes at the current 4.4 percent rate; and a constitutional amendment that would authorize a graduated-rate individual and corporate income tax, paired with an initiated statute setting new rates, with a top rate of 8.4 percent.
6 min read
Why Expensing New Rental Housing Is One of the Best Ways to Tackle the Housing Supply Problem
The Rental Housing Investment Act (RHIA) would remove much of that tax penalty by allowing developers of new rental housing to immediately deduct up to $150,000 of cost per unit.
7 min read
Top Five Options Guide Reforms to Simplify the Tax Code
Congress has passed some major simplifying reforms in recent years, but the tax code has still grown more complex over the past few decades. New carveouts, savings vehicles, and targeted tax increases would complicate it further.
8 min read
Proposal to Adjust Tax Treatment of Mutual Funds Improves Neutrality in the Tax Code
The proposed GROWTH Act would make the tax treatment of investment funds more consistent and improve the tax treatment of saving in the US by allowing investors to defer tax on qualifying reinvested capital gains distributions until they sell their fund shares.
6 min read
The Hidden Tariff Burden of Related-Party Trade
Studies have repeatedly shown that US businesses and consumers are bearing a disproportionate share of the tariff burden.
7 min read
States’ Nonconformity with Federal Measurements Creates “Barrels” of Compliance Costs
Many states levy taxes on liquids on a per-barrel basis. However, some states define a “barrel” differently than the standard measurement. The landscape of unharmonious units creates complexity and compliance costs for businesses that must pay these taxes in multiple states.
5 min read
Tobacco Excise Directive: Trade-Offs for the Harmonization Vision
The European Union’s revised Tobacco Excise Directive (TED) is the latest proposal from Brussels that raises questions about the role that the EU plays in relation to the Member States.
7 min read
Three Facts Straightening Out the Debate Over Bonus Depreciation
Expensing for capital investment is not a special tax break. Expensing aligns the timing of tax deductions with the timing of actual capital expenditures so that the tax code does not discourage marginal investment projects.
7 min read
Options Guide Shows the “No Tax On” Deductions Are Costly and Complex
The “no tax on” deductions show the drawbacks of using narrowly tailored provisions to provide tax relief.
6 min read
Full Expensing to Be Made Permanent in Canada
On September 15th, Canada announced that full expensing for machinery, equipment, and patent rights will be made permanent and broadened from around 15 percent to two thirds of business capital investment.
6 min read