Business Tax Expenditures, Credits, and Deductions

South Carolina House Unanimously Approves Business License Tax Reform

Will Arizona Lead the Way on Full Expensing This Year?

Tax Subsidies for R&D Expenditures in Europe, 2020

Economic and Budgetary Impact of Extending Full Expensing to Structures

Full expensing is one of the most powerful pro-growth policies in terms of revenue forgone. Given that structures comprise a large share of the private capital stock, improving their tax treatment would end a large bias against investment in the tax code.

Lawmakers Agree to Let Extenders Live On

Expensing Provisions Should Not Favor Physical Over Human Capital

Investments in worker training and education can increase productivity and economic output as growth in human capital accumulates, though the time horizon for these effects is longer than that of physical capital accumulation.

Understanding Why Full Expensing Matters

Understanding the channel through which a tax policy change is expected to affect the economy is crucial. Absent this understanding, we are likely to reach the wrong conclusions on what sound tax policy looks like and what changes would improve the tax code.

2020 Tax Brackets

The IRS recently released the new 2020 tax brackets and rates. Explore updated credits, deductions, and exemptions, including the standard deduction & personal exemption, Alternative Minimum Tax (AMT), Earned Income Tax Credit (EITC), Child Tax Credit (CTC), capital gains brackets, qualified business income deduction (199A), and the annual exclusion for gifts.

Tax Cliffs in the Proposed PROGRESS Act May Slow Small Business Growth

Improving the Federal Tax System for Gig Economy Participants

Advances in technology have enabled workers to connect with customers via online platform applications for work ranging from ridesharing to home repair services. The rise of gig economy work has reduced barriers to self-employment, bringing tax challenges like tax complexity and taxpayer noncompliance.

Repealing the Federal Tax Exemption for Credit Unions

Retail Glitch Awaits Congressional Fix

Legislation Introduced to Cancel R&D Amortization

Canceling the amortization of research and development costs would reduce federal revenue, but policymakers have a variety of options to offset the costs.

Wisconsin Should Consider Using Some of its Surplus Revenue for Expensing Reform

Tax Expenditures Taken by Small Businesses in the Federal Tax Code

The expenditures offered to small businesses are not created equal. We review the tax expenditures small businesses rely on most.

An Overview of the Work Opportunity Tax Credit

An Overview of the New Markets Tax Credit

In Defense of the “Church Parking Tax”

Switzerland Referendum Approves Tax Reform

Germany Proposes First R&D Tax Break