In The News


Associated Press

Associated Press: A Budget Deficit Challenge for Trump’s Tax Plan

Tax Foundation Economist Alan Cole tells the Associated Press that while corporate tax cuts can help boost growth, the cuts won’t pay for themselves.

The Hill

The Hill: GOP under pressure as tax reform deadline slips

In an interview with The Hill, Tax Foundation Economist Alan Cole explains that a temporary tax cut would do much less to boost economic growth than comprehensive tax reform.

The Atlanta Journal-Constitution

Atlanta Journal-Constitution: ‘Tax Freedom Day’ was Monday in Georgia

The Atlanta Journal-Constitution covered the release of the Tax Foundation’s “Tax Freedom Day” report, showing when the nation as a whole, and each state, have earned enough in the year to pay off their cumulative tax bills.

KPCC

KPCC (NPR): Despite ambitious incentive program, film and TV production in LA falls

Tax Foundation Vice President of State Projects Joseph Henchman joined the radio show “AirTalk” on NPR affiliate KPCC to discuss the issues with California’s film tax credits.

The New York Times

The New York Times: House Tax Plan May Shift Use of Corporate Debt

Tax Foundation Economist Alan Cole speaks with The New York Times about the proposal in the House GOP tax plan to eliminate the net-interest deduction.

Louisiana AP

Louisiana AP: Gov. Edwards unveils long-awaited tax plan for upcoming session

The Associated Press of Louisiana cites Nicole Kaeding’s analysis of gross receipts taxes, with Gov. John Bel Edwards proposing such a tax.

CNBC

CNBC: What are the prospects for tax reform?

Kyle Pomerleau, director of federal projects at the Tax Foundation, weighs in on the prospects for tax reform on CNBC’s “Squawk Alley.”

Politico

Politico: A No-SALT Diet

Politico’s Morning Tax newsletter includes a review of new research from Tax Foundation Policy Analyst Jared Walczak on the policy rationale and use of the state-local tax deduction.

The Financial Times

Financial Times: Talking with the taxman about pot

The Financial Times cites Tax Foundation data on a story about state legalization and taxation of marijuana.

CNBC

CNBC: The next tax battle is here, and it’s a bigger chunk of money than border adjustment

CNBC quotes Tax Foundation Economist Alan Cole on the House GOP proposal to eliminate the net-interest deduction.

Fox Business

Fox Business: 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.

 
The Atlantic

The Atlantic: Where U.S. Companies Stand on the Border Adjustment Tax

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.

Fox Business

Fox Business: 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

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

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

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.

Arkansas Matters

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

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.