Lunch Links: Nebraska Tax Reform Options; FAQ on Oregon Measure 97; Olympics Tax Break
August 17, 2016
Today is August 17, Davy Crockett’s 230th birthday. Before he moved to Texas, Crockett was a congressman representing Tennessee, and there’s a story of him opposing an appropriation of relief money and instead proposing that each member of Congress contribute a week’s pay for the effort (and none do). The bill and Crockett’s opposition are true, though the details are probably fictional.
Here are some interesting links I came across:
A Twenty-First Century Tax Code for Nebraska: Our new report, coming nearly 50 years after Nebraska last overhauled its tax system, reviews its weaknesses (high rate sticker shock, substantial targeted incentives, narrow sales tax) and suggests options for change. The Omaha World-Herald covers the release, which occurs today at an event in Lincoln. (Tax Foundation / Omaha World-Herald)
Tax Policy Center Joins Criticism of Olympic Tax Break: Howard Gleckman: “[T]ake a closer look and you see this for what it really is: A way for politicians to use the tax code to make it appear they are supporting deserving Olympians when they really are not. In reality, much of this shameless subsidy would help professional athletes who need it the least, and do almost nothing for the true amateurs who are desperate for financial support.” (Tax Policy Center)
FAQ on Oregon Measure 97: The Oregonian breaks it down. Would Measure 97 be the largest tax increase in Oregon history? By dollar amount, yes. By other measures, unknown. Would businesses pass the tax on to consumers? Probably. Would the tax cause layoffs? No, but fewer jobs would be added. (The Oregonian)
Florida Court Rejects Challenge to Tax Credit Scholarships: A three-judge panel ruled that the state teachers’ union did not have legal standing to challenge a program providing private-school scholarships to 90,000 low-income students. (Redefined)
David Brunori on Tax Preparer Regulation: Brunori says it’s a solution in search of a problem. (Tax Analysts)
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