What a Democratic Congress Means for Federal Tax Policy in 2027
With Democrats retaking control of the US House of Representatives and US Senate, several new federal tax issues are on the table for 2027.
7 min read
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UK Autumn Budget Prioritizes Short-Term Relief over Long-Term Growth
The UK’s 2026 Autumn Budget largely favors short-term relief over growth, highlighting the need for pro-growth reforms such as replacing the Stamp Duty Land Tax with annual property or land taxes.
8 min read
Blog
Short FormEconomic Education Includes Addressing Tax Confusion
Economics isn’t just a course with supply and demand graphs and a quirky usage of “guns and butter.” It’s a discipline focused on incentives and responses, and we can see its impact all around us, shaping our world and our choices.
3 min read
What Is the US Debt Limit and Why Does It Matter?
The debt limit is one of Congress’s few chances to debate unsustainable borrowing, and reforms should create more room for bipartisan deficit reduction, not less.
6 min read
Congress Has a Chance to Improve the Taxpayer Experience in 2026
The Senate recently passed the Taxpayer Assistance and Service Act, which contains 65 provisions to improve tax administration and the IRS.
4 min read
Pillar Two Implementation in Europe, 2026
22 of the 27 EU Member States have implemented both the income inclusion rule and the qualified domestic minimum top-up tax in 2026.
4 min read
Property Tax Relief on the Ballot: Three Approaches, One Clear Winner
This November, states across the country are asking voters to consider changes to their state constitutions to address the burden of rising property taxes.
7 min read
A “Token Tax” Could Kill the Promise of AI
If we want to ensure that AI raises economic growth, we shouldn’t be pursuing tax policies that are stuck in the past and represent some of the worst ideas from the early internet age.
How Much Does the US Government Lose to Tax Fraud?
While the government will never close the tax gap or fully eliminate tax fraud, lawmakers and the IRS can institute several reforms to reduce the gap, including simplifying the tax code, increasing third-party information reporting, and coordinating anti-fraud efforts.
7 min read
Could an Employer Compensation Tax Save Social Security?
With Social Security insolvency rapidly approaching and policymakers exploring changes to benefits and taxation, Congress could look to base-broadening reforms like the ECT as a guide for how to think about taxing compensation and broadening the tax base.
4 min read
Spain’s Tax Competitiveness Has Declined Since 2018
Under Spain’s current Social Democratic government, the country has fallen from 27th to 35th (out of 38 OECD countries) in the International Tax Competitiveness Index.
8 min read
What Is Taxable Income? How It’s Calculated for Tax Filing
Want to know how much you’ll owe during tax filing season? Then you need to know your taxable income.
Options to Reform the Tax Treatment of Exempt Hospitals
Nearly half of all hospitals are exempt from paying US corporate income taxes. As healthcare spending rises, lawmakers have questioned whether hospitals are providing as much in community benefits as they derive from tax exemptions.
11 min read
Expensing Concentrates the Corporate Tax Burden on Economic Profits
As scrutiny over data center investment and AI rises, some commentators are concerned about how expensing interacts with these ongoing investments. Most of these concerns misunderstand what expensing does.
5 min read
2026 Economics Nobel Laureate Robert Hall Helped Lay Foundation for Pro-Growth Tax Reform
Hall’s research helped economists understand how taxes distort investment decisions, while his work with Rabushka shows how to minimize those distortions. Although the US remains far from a pure consumption tax, Hall’s work informs efforts to reduce the tax burden on investment, improve neutrality, and promote long-run economic growth.
3 min read
Amendment 3: A Restructuring of Florida’s Local Tax Base
Florida has long maintained one of the nation’s most competitive state tax codes, but a fundamental change proposed by Amendment 3 could undermine that competitiveness.
30 min read
International Tax Competitiveness Index 2026
While there are many factors that affect a country’s economic performance, taxes play an important role. A well-structured tax code is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities.
72 min read
Spain’s Transformation After a Decade of Fiscal Competition
The 2026 Regional Tax Competitiveness Index for Spain highlights a growing divergence between regions that have embraced tax reform and those whose tax systems have remained largely unchanged.
7 min read
Why the US Needs a Fiscal Commission to Help Solve the Debt Crisis
The federal government’s debt burden and interest on the debt are near record levels and headed higher, raising legitimate concerns about an eventual debt crisis. Given the increasingly dysfunctional budget process, the most viable option on the table to stave off such a crisis is a statutory bipartisan fiscal commission with buy-in from leaders of both parties.
6 min read
Rental Cars Shouldn’t Face Another Layer of Tax
Imposing sales taxes on rental car companies’ fleet purchases, in addition to the sales and rental car excise taxes levied when those cars are rented, yields double taxation and causes harmful tax pyramiding.
9 min read