The Tax Foundation is the nation’s leading independent tax policy research organization. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and local levels.
Recent Press Releases
New Report Details How Federal Tax Reform Would Impact States
Arkansas Lawmakers Approve Key Fix to Business Tax
Tax Reform and Trump’s Speech to Congress
Kansas Lawmakers Vote to Repeal Pass-Through Carve-Out
In The News
Would a border tax incentivize companies to move factories to U.S.?
Tax Foundation President Scott Hodge talks with Fox Business host Stuart Varney on a potential border adjustment tax and Treasury Secretary Steven Mnuchin seeing tax reform achieved by August.
Where U.S. Companies Stand on the Border Adjustment Tax
Arguments that suggest the border adjustment will result in winners and losers stand in opposition to how economists and tax-policy analysts describe the policy’s actual operation. The Tax Foundation, an independent research organization on tax policy, has stated that a border adjustment is trade neutral, and that characterizing it as a tax increase on consumers is “incorrect” because they don’t anticipate an increase in prices. While at first glance, it might seem like it would raise taxes on companies that import products, the border adjustment tax shouldn’t benefit either set of companies in the long run.
When to Expect Trump’s Tax Cuts
Tax Foundation President Scott Hodge discusses the state of federal tax reform and when we might expect it with Stuart Varney of Fox Business.
The Atlantic: So What Is A Border Adjustment?
On Thursday, White House press secretary Sean Spicer said something sufficiently confusing that for a minute, people believed that the Trump administration intended to raise funds for a border wall by imposing a 20 percent tariff on all imports from countries with which the U.S. runs a trade deficit— including Mexico. It soon became clear that Spicer was not talking about a tariff per se…
CNBC: Trump & Your Taxes
Eric Toder, The Urban Institute, and Scott Greenberg, The Tax Foundation, discuss whether Trump’s tax plan will have the desired effect of growing the economy.
Bloomberg Businessweek: How Republicans Plan to Spend Like Crazy Without Running Up Debt
Over the summer, both Trump and the House Republicans sent their tax reform plans for analysis to the Tax Foundation, a conservative think tank. The foundation priced the GOP’s tax cut at a cost of $2.4 trillion over the next decade—static. Dynamic, it found a deficit of only $191 billion. Trump’s tax plan shook out at $4.4 trillion to $5.9 trillion static cost, $2.6 trillion to $3.9 trillion dynamic.
KARK (Little Rock): Lawmakers Hear Tax Reform Proposals
‘Arkansans think the tax system is too unfair, is too complex and is too costly,’ said Nicole Kaeding with the conservative Tax Foundation. ‘The amount of income going to paying state and local taxes in Arkansas is higher here than it is in most other states.’
Portland Tribune OP-ED: Initiative Costs More Than Sales Tax
Proponents of Measure 97 argue that this tax will ensure that large, out-of-state businesses ‘pay their fair share,’ but economic analysis finds that consumers, wage earners and shareholders would bear the true economic cost of the tax.
The Wall Street Journal
Wall Street Journal: Is the Federal Budget Deficit an Urgent Problem?
For some conservatives—including the economic model that Donald Trump uses to buttress his case for tax cuts—crowding out isn’t much of a concern either. The Tax Foundation, for instance, assumes that there’s enough foreign capital on the sidelines to buy up enough of the new government debt resulting from Mr. Trump’s tax reductions without triggering economically significant increases in interest rates.