Are Tobacco Taxes Still a Reliable Source of Revenue?
Even if tobacco tax increases generate more revenue in the short run, the shrinking tax base guarantees long-run revenue declines.
7 min read
All Content
9121 Results
Reviewing the International Tax Provisions in the One Big Beautiful Bill Act
The OBBBA moved the US international tax system in the right direction on several fronts. However, some of the changes, while encouraging certain domestic activity and exports, may harm physical activity abroad that supports US competitiveness and domestic activity.
8 min read
Cigarette Taxes and Cigarette Smuggling by State, 2023
Growing cigarette tax levels and differentials have made cigarette smuggling both a national problem and a lucrative criminal enterprise.
6 min read
Tax Literacy Belongs in Every Classroom
Though high schools will continue to teach the next generation about civics, English, and math, one critical topic remains missing from many classrooms: taxes.
The Best Way to Provide Relief Is to Repeal Tariffs, Not Offer Tariff Rebate Checks
As US businesses and consumers face higher costs of goods due to the Trump tariffs, Senator Hawley (R-MO) has introduced legislation to rebate tariff revenue to provide financial relief. The proposal takes a similar approach to the stimulus checks issued during the COVID-19 pandemic.
4 min read
How the One Big Beautiful Bill Changes Green Energy Tax Credits
The One Big Beautiful Bill Act (OBBBA) significantly alters the Inflation Reduction Act (IRA) green energy subsidies.
6 min read
State Tax Implications of the One Big Beautiful Bill Act
For Congress, work on the One Big Beautiful Bill Act is done. But in state capitols, the work has not yet begun. Many of the tax changes in the federal reconciliation act flow through to state tax codes—automatically in some states, and subject to an update in states’ Internal Revenue Code conformity date in others.
39 min read
Michigan’s Tax Gamble Could Risk Its Competitive Edge
Michigan voters may soon consider a dramatic change to the state’s income tax.
Capital Allowances in Europe, 2025
Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic consequences.
6 min read
The Future of BEAT
Even when international relations are frayed, there is value in finding ways to combat corporate profit shifting while also fostering a healthy commercial atmosphere and positive trade relations.
7 min read
One US Tax Policy OECD Countries Should Copy
Rather than adopt temporary policies that phase out and expire, policymakers should focus their efforts on long-term reforms to support investment.
7 min read
FAQ: The One Big Beautiful Bill, Explained
Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code.
24 min read
Washington Commanders Stadium Subsidy Is a Billion-Dollar Fumble
This past spring, DC taxpayers were sidelined when the Washington Commanders announced that city aid would help fund a new stadium on the site of the vacant RFK Stadium. The $4 billion deal will be offset by a staggering $1.15 billion in public revenue.
The OBBBA Gets Expensing Right. States Should Follow Suit.
However states choose to respond to other tax provisions of the One Big Beautiful Bill Act, they should conform to the pro-growth provisions, which represent a marked improvement in the corporate tax code.
12 min read
Sales Tax Holidays by State, 2025
However well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
16 min read
Trump’s Next Task Is Turning ‘Beautiful Bill’ Into Economic Boon
The administration has a strong desire to boost manufacturing investment and there are many provisions in the new tax bill that support this aim. But the administration’s erratic trade policy is driving up the costs of key inputs that manufacturers rely on to build things in the US.
One Big Beautiful Bill Does Better with Permanence, but Is Still Full of Temporary Provisions
Several major new tax breaks are scheduled to expire at the end of 2028, setting the stage for another tax fight to either extend them or allow them to expire.
5 min read
Oklahoma Continues to Pursue Pro-Growth Tax Reforms, but the Job Is Not Done
Oklahoma can continue to enhance its competitiveness by pursuing a variety of reforms to the corporate and individual income tax, but it should avoid policies that would negatively impact the economy, like enacting a wholesale elimination of the property tax.
6 min read
The EU Budget’s CORE Is Rotten
The European Commission proposed new budget options for 2028 to 2034. It is worth zooming in on one new proposal for revenues that would support EU-level spending. The “Corporate Resource for Europe,” or CORE, provides a good opportunity to think through how best to raise revenue for the EU budget.
5 min read
‘Trump Accounts’ Could Be Better. Here’s How.
If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently available with universal savings accounts.
5 min read