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Time to Shoulder Aside “Crowding Out” As an Excuse Not to Do Tax Reform

This paper evaluates the arguments for and against “crowding out” and compares these arguments to empirical studies. It discusses the impact of tax changes on the allocation of national income between consumption and saving, and the allocation of saving between private investment and government deficits. It finds that the crowding out argument is largely based on a mistaken assumption about the flexibility and availability of saving and credit for the financing of government deficits and private investment.

Benefits of the House Tax Cuts and Jobs Act for the Lower-Middle Class

According to the Taxes and Growth model, the House Tax Cuts and Jobs Act should increase after-tax income by 4.5 percent for those in the second-lowest quintile, and by 4.6 percent for those in the middle quintile.

How the State and Local Tax Deduction Interacts with the AMT and Pease Limitation

The way the state and local tax deduction, alternative minimum tax, and Pease limitation interact is complex. This primer makes things easier to understand.

Cigarette Taxes and Cigarette Smuggling by State, 2015

Excessive tax rates on cigarettes approach de facto prohibition in some states, inducing black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources.

Updated Details and Analysis of the 2017 House Tax Cuts and Jobs Act

This comprehensive overview of the of the House Tax Cuts and Jobs Act includes a summary of its details and macroeconomic analysis of how it would impact federal revenue, wages, GDP, and after-tax incomes.

House Tax Cuts and Jobs Act Would Substantially Improve the U.S.’s International Tax Competitiveness

Considered as a whole, this plan would make the U.S. substantially more competitive, not only due to lower rates but also due to a better tax structure.

Explaining the Pass-Through Income Anti-Abuse Rules in the House Tax Cuts and Jobs Act

Though admittedly complex, the pass-through anti-abuse rules in the Tax Cuts & Jobs Act represent a well-thought-out approach to dealing with this issue.

How to Improve Arkansas’s Sales and Use Tax

A Crossroads on Online Sales Taxes: South Dakota v. Wayfair

Eight Important Changes in the House Tax Cuts and Jobs Act

The widely anticipated House Tax Cuts and Jobs Act includes hundreds of structural changes to the tax code. Here are the eight most important provisions in no particular order.