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Colorado flavored tobacco ban tax and revenue impact

Will Colorado Spend Millions on Flavored Tobacco and Nicotine Prohibition?

Lawmakers in Colorado, and in the several other states considering flavor bans, should think twice before following in the footsteps of Massachusetts. A statewide ban on flavored tobacco products is more than likely to costs millions of dollars, increase smuggling, and have a negligible effect on public health.

5 min read
state wealth tax proposals state flat tax state income tax reform state tobacco taxes, state cigarette tax rates and cigarette taxes state tax incentives 2021 state revenue and 2021 state budget projections state tax reform covid and state tax cuts covid

State Legislatures Take Up Tax Reform and Relief in 2022

After a whirlwind of cuts and reforms in 2021, it looks like 2022 might be an even bigger year for state tax codes. Republican and Democratic governors alike used their annual State of the State addresses to call for tax reform, and there is already serious momentum from state lawmakers nationwide to get the job done.

3 min read
Are Tax Rebates a Good Way for Relief from Rising Prices? Learn more about gas tax rebates and sound tax relief inflation policy

Are Tax Rebates a Good Way to Provide Relief from Rising Prices?

States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. Tax rebates, gas tax holidays, and other temporary tax expedients have the potential to add to existing inflation—but good intentions do not always make for good policy.

5 min read
gas tax definition windfall profits tax oil and gas profits oil company profits windfall tax

Windfall Profits Tax Wrong for American Energy

As oil prices skyrocket, a windfall profits tax targeted at oil company profits could punish domestic production and increase reliance on imports.

3 min read
carbon tax research and analyis see carbon tax resources tax foundation

Russia’s Ukrainian War Could Impact EU Carbon Proposal Too

Given the uncertainty surrounding the war in Ukraine, future trade relations with Russia, and the overall CBAM revenue structure. The EU will need to adjust policy when challenges arise as it looks to increase its role in fiscal affairs through new own resources.

5 min read
externality definition externality economics negative externalities like social costs Alcohol while how is a topic for Excise Tax Reforms federal gas tax holiday proposal for suspending the gas tax federal gas tax suspension gas tax holiday highway trust fund infrastructure funding

A Gas Tax Holiday

The cost of gas is going up. To address this, policymakers have proposed suspending the gas tax. But could this actually make matters worse? We discuss why suspending the gas tax might be a mistake and what lawmakers could do to help with the rising costs of gas.

Federal Menthol Cigarette Ban Will Cost States Millions. State Cigarette Revenue Impact Due to Federal Cigarette Ban

Federal Menthol Cigarette Ban May Cost Governments $6.6 Billion

The FDA’s expected announcement of a national ban on menthol-flavored cigarettes and cigars with a characterizing flavor would carry significant revenue implications for both the federal government and state governments, with likely limited benefits in smoking cessation.

6 min read
externality definition externality economics negative externalities like social costs Alcohol while how is a topic for Excise Tax Reforms federal gas tax holiday proposal for suspending the gas tax federal gas tax suspension gas tax holiday highway trust fund infrastructure funding

Federal Gas Tax Holiday? Suspending the Gas Tax Is a Mistake

If policymakers are looking to change the tax code to help fight inflation, they should pump the brakes on the federal gas tax holiday and instead consider structural reforms to raise the economy’s productive capacity in the long term.

4 min read
tax fairness economic growth and funding government investments Creating Opportunity Through a Fairer Tax System Tax Foundation Finance Committee hearing

10 Tax Reforms for Growth and Opportunity

By reducing the tax code’s current barriers to investment and saving and simplifying its complex rules, lawmakers would greatly enhance the ability of Americans to pursue new ideas, create more opportunities, and build financial security for themselves and their families.

40 min read
Tyreek Hill taxes Tyreek hill state taxes and tax liability NFL federal tax on sports betting, excise tax on sports betting. BILL TO REPEAL EXCISE TAX ON LEGAL SPORTS BETS, Rep. Dina Titus (D-NV) and Rep. Guy Reschenthaler (R-PA) Super bowl sports betting. States Positioned for a Super Bowl Win with New Taxes on Sports Betting. The American Gaming Association estimates that Americans will wager a total of $4.3 billion on the highly anticipated matchup of the defending champion Kansas City Chiefs vs. the Tampa Bay Buccaneers in Tampa.

Large Spread in Tax Treatment of Sports Betting Operators

Since 2018, 30 states and the District and Columbia have legalized and imposed taxes on sports betting. States that have yet to legalize, but which may do so, should pay attention to the impact of tax design in states that already have legal and taxed sports betting—specifically tax base design.

8 min read