Testimony

Testimony: The Costs and Complexity of the Federal Tax Code Demand Reform

Lawmakers should simplify the tax code so that taxpayers can understand the laws and the IRS can administer them with minimum cost and frustration.

Testimony: Considerations for Improving Indiana’s Tax Structure and Competitiveness

Indiana’s tax code is structured in a relatively sound and economically efficient manner overall, but additional improvements should be considered to make the state even more economically competitive.

Testimony: A Property Tax Assessment Limit Would Do More Harm Than Good in Kansas

Instead of adopting a highly distortive property tax assessment limit, policymakers should consider how similar goals could be met through other means.

Testimony: Reviewing Recent Federal Tax Policies and Considering Pro-Growth Reforms

Lawmakers should focus on simplifying the federal tax code, creating stability, and broadly improving economic incentives. There are incremental steps that can be made on the path to fundamental tax reform.

Testimony: The Role of Corporate Taxation in the European Union’s Future Tax Policy Mix

As policymakers shift their focus away from tax rates and look to harmonize the EU’s corporate tax base, they should understand the benefits of full expensing.

Testimony: Taxes, Spending, and Addressing the U.S. Debt Crisis

A better-designed tax system should be a goal of any fiscal consolidation package. That said, our simulations suggest that even substantially higher tax increases are insufficient to curtail long-run debt-to-GDP growth.

Testimony: U.S. International Tax Policies That Support Investment and Innovation

Even in the face of a global minimum tax, Congress still has a chance to develop a strategic approach in support of U.S. investment and innovation.

Testimony: Considerations for Improving Wisconsin’s Tax Structure and Competitiveness

If Wisconsin policymakers return some of the projected continued revenue growth to taxpayers in a structurally sound and pro-growth manner, those tax cuts will benefit businesses and individuals throughout the state, leading to more innovation, more job and wage growth, more economic opportunities, and more vibrant communities.

Testimony: The Fiscal State of the Union

Federal spending, deficits, and debt are at unsustainable levels. The proposed federal budget is laden with redundant programs, obsolete programs, corporate welfare, and nationalized industries. As Congress begins to craft the FY 2024 federal budget, it needs to establish a process of systematically reviewing programs and priorities.

Tax Foundation Response to UN Request for Public Input on Inclusive and Effective Tax Cooperation

Sound tax policy should be based on the principles of simplicity, stability, transparency, and neutrality.

Testimony: Tax Policy’s Role in Expanding Affordable Housing

Reforming the Low-Income Housing Tax Credit (LIHTC) and providing neutral cost recovery for residential structures would tackle the problem of housing affordability in a complementary fashion.

Testimony: Considerations for Additional Income Tax Reform and Relief in Nebraska

Done responsibly, reducing income tax rates while consolidating brackets would return excess tax collections to taxpayers and promote long-term economic growth in Nebraska.

Tax Foundation Response to OECD Consultation on Amount A of Pillar One

Pillar One Amount A is meant to reallocate taxable profits of large multinationals, mitigate double taxation of profits, and avoid a harmful tax and trade war.

Testimony: Pennsylvania Should Respond to Inflation with Structural Tax Reforms

Testimony: Kansas Should Keep Groceries in the Sales Tax Base

Tax relief can take many different forms, but not all tax cuts have the same effects. Ultimately, maintaining broad tax bases while reducing tax rates is a more neutral and less complex approach than further narrowing an already-narrow sales tax base.

Testimony: EU Parliament Subcommittee on Tax Matters Hearing on the Impact of National Tax Reforms on the EU Economy

Tax Foundation testimony on the diversity of tax systems within the EU, three important ways to consider reforms by Member States, and several recommendations for the EU Parliament’s Subcommittee on Tax Matters to consider.

Testimony: Joint Economic Committee Hearing on the Revenue Provisions of the Build Back Better Act

Tax Foundation testimony at the Joint Economic Committee hearing on the revenue provisions in the Build Back Better Act and related analysis on their estimated impact.

Tax Foundation Response to Ireland Department of Finance Consultation Document: Consultation on OECD International Tax Proposals

The recent effort to change international tax rules has been one of significant contradictions. The proposals have been driven by arguments about the need to raise additional revenues, to stabilize corporate tax rates, or to prevent offshoring. However, upon closer examination, these three arguments fail to capture what is occurring.

Testimony: Tax Fairness, Economic Growth, and Funding Government Investments

Economic research and Tax Foundation modeling indicate there is a negative trade-off between progressive taxes on capital income—such as the wealth tax, minimum book tax on corporate income, and a higher corporate tax rate—and economic growth.

Testimony: Convenience Rules and Remote Work in Arkansas

Remote work is here to stay. Convenience rules can’t change that. What they can change is the decisions people make. Under this rule, those decisions may not be to Arkansas’s advantage.