Testimony

Tax Foundation Comment on Treasury’s State Tax Cuts Limitation Rule

The Tax Foundation recently submitted regulatory comment on the U.S. Treasury’s state tax cuts limitation rule, highlighting three areas of concern and suggesting revisions to the rule.

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.

Testimony: Senate Budget Committee Hearing on the Progressivity of the U.S. Tax Code

We ought to be worried about the impact of corporate taxes on women, low-skilled workers, and younger workers, since they are the very workers who have been most impacted by the COVID-19 crisis. Raising the corporate tax rate would simply hurt them even more.

Testimony: Prioritizing Comprehensive Tax Modernization in Nebraska

The Nebraska legislature has an excellent opportunity to make progress toward a simpler, stabler, less burdensome, and more competitive tax code.

Tax Foundation Response to OECD Public Consultation Document: Reports on the Pillar One and Pillar Two Blueprints

The Tax Foundation response to the OECD public consultation document on the reports on the OECD Pillar 1 and OECD Pillar 2 blueprints.

Tax Foundation Comments on the Initiation of Section 301 Investigations of Digital Services Taxes

Digital services taxes effectively ring-fence the digital economy by limiting the tax to certain revenue streams of digital businesses, discriminating in favor of more traditional sectors of the economy.

Testimony: Kansas Tax Modernization: A Framework for Stable, Fair, Pro-growth Reform

Tax Foundation Response to OECD Public Consultation Document: Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two)

The tax base for the income-inclusion rule will be just as important as determining the rate, and both the base and the rate will likely impact business decisions. Additionally, policymakers need to determine how the choice for blending fits with the overarching goal of the policy. And as the example of GILTI shows, it is essential to assess how current international tax regulations would interact with a global minimum tax.

Response to OECD Public Consultation Document: Secretariat Proposal for a “Unified Approach” under Pillar One

Unifying the proposal under sound principles in the context of clear economic analysis should allow the Inclusive Framework to minimize both the administrative and economic burdens that the Secretariat’s proposal could create.

Testimony: Wisconsin’s Property Tax System and its Implications for Revenue Stability, Opportunity, and Growth

Testimony: Massachusetts Options for Corporate Tax Reform

Comments on the Initiation of a Section 301 Investigation of France’s Digital Services Tax

Testimony before the House Ways and Means Select Revenue Measures Subcommittee

Watch Nicole Kaeding, Vice President of Federal and Special Projects at the Tax Foundation, testify before the House Ways and Means Select Revenue Measures Subcomittee on the impact of limiting the SALT deduction.

Testimony to the Joint Session of the Nebraska Revenue, Education, and Retirement Committees

Testimony: Oregon Should Reevaluate the Proposed Gross Receipts Tax to Raise Revenue for Public Education

Prepared Testimony for the Connecticut Joint Committee on Finance, Revenue, and Bonding

Testimony: Temporary Policy in the Federal Tax Code

Tax policy can increase the size of the economy by having a positive impact on the incentives to work and invest. However, when tax policy is temporary or retroactive, these positive effects are muted, and policies do not effectively incentivize the intended activity.

Tax Foundation Response to OECD Public Consultation Document: Addressing the Tax Challenges of the Digitalization of the Economy

Though the challenges to international tax policy are many, the OECD has a chance to work toward a system that creates fewer distortions and negative economic effects than the current one. However, given the policies on the table, it will certainly take quite an effort to avoid further complexity of international tax rules that creates challenges to global trade and economic prosperity.

Testimony: Arkansas Continues to Debate Tax Reform