TCJA Family Provisions Offer Template for Tax Reform in 2025
The Tax Cuts and Jobs Act’s changes to family tax policy serve as a reminder to avoid looking at tax reform provisions in a vacuum.
5 min read
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Worldwide Investment at Risk as Capital Allowances Phase Out
Rather than adopt temporary policies that phase out and expire, policymakers should focus their efforts on long-term reforms to support investment.
6 min read
Conference on Tax Cuts and Jobs Act’s Effects Shows Further Tax Reforms Needed in 2025
Lawmakers should see 2025 as an opportunity to consider more fundamental tax reforms. While the TCJA addressed some of the deficiencies of the tax code, it by no means addressed them all.
8 min read
Beer Taxes by State, 2024
Different layers of taxation on production and distribution combine to make up about 40 percent of the retail price of beer.
3 min read
Capital Cost Recovery across the OECD, 2024
To recover from the pandemic and put the global economy on a trajectory for growth, policymakers need to aim for more generous and permanent capital allowances. This will spur real investment and can also contribute to more environmentally friendly production across the globe.
31 min read
Tax Burden on Labor in Europe, 2024
To make the taxation of labor more efficient, policymakers should understand the inputs into the tax wedge, and taxpayers should understand how their tax burden funds government services.
4 min read
A Comparison of the Tax Burden on Labor in the OECD, 2024
Governments often justify higher tax burdens with more extensive public services. However, the cost of these services can be more than half of an average worker’s salary.
16 min read
National Tax Literacy Poll: Understanding the Tax Code
To make sound financial decisions and support better tax policy, taxpayers should understand the taxes they face. Unfortunately, most U.S. taxpayers do not know or are unsure of basic tax concepts.
6 min read
Simplifying Saving and Improving Financial Security through Universal Savings Accounts
Universal savings accounts would boost savings for low-income households, allowing them to better withstand economic shocks, such as pandemics and recessions, and plan for major expenses, such as an expanded family, education, and housing needs.
36 min read
Distilled Spirits Taxes by State, 2024
Newer products like spirits-based hard seltzers and ready-to-drink cocktails have fueled growth, while also blurring the lines of a categorical tax system. The result has been a spirited competition throughout the alcohol industry for market share, including calls to reform tax policy.
3 min read
Overview and Analysis of the Impact of Marginal Taxes on High Incomes in the European Union
The recent push to increase taxes on the wealthy has gained significant traction across Europe. This report highlights the obstacles and complex interplay between tax policy and economic behavior, suggesting that simply raising tax rates on the wealthy might not yield the intended social benefits.
42 min read
Kansas Lawmakers Should Prioritize Pro-Growth, Structurally Sound Tax Reforms in Special Session
With a robust surplus and plenty saved for a rainy day, Kansas can afford substantial tax relief, but not all tax relief is created equal.
7 min read
Blog
Short FormCan Economic Growth Help Solve Our Debt Problem?
Improving the country’s fiscal situation won’t be comfortable, but economic growth can help cushion the blow.
3 min read
A Journey Through Germany’s Tax Laws
Get ready to hit the autobahn and explore the world of German taxes! We’ll navigate the complexities of Germany’s tax structure.
Why We’re Closely Watching Moore v. U.S.
The Moore case could have important impacts on tax policy.
5 min read
America Should Learn from Successful Universal Savings Policy Across the Pond
For U.S. policymakers looking to encourage greater saving and financial security, particularly among low- and moderate-income households facing serious affordability challenges, the experiences in both the UK and Canada indicate that universal savings accounts are an effective policy tool to help reach that goal.
4 min read
Gross Receipts Taxes by State, 2024
Gross receipts taxes impose costs on consumers, workers, and shareholders alike. Shifting from these economically damaging taxes can thus be a part of states’ plans for improving their tax codes in an increasingly competitive tax landscape.
7 min read
Caitlin Clark’s Other Audience: State Tax Departments
When Caitlin Clark and Angel Reese made their WNBA preseason debuts, basketball fans across the country tuned in. But there’s another audience that also follows along: state revenue officials, who will expect their piece of the pie each time these star athletes—and their teammates—come to town.
3 min read
The European Election and Tax Policy: Mapping Tax Policy Visions across European Political Groups
On Europe Day, our experts explore how the decisions made in the upcoming elections will shape the trajectory of the continent for years to come.
4 min read
Vehicle Miles Traveled Taxes Rollout across States
Gas tax revenues have decoupled from road expenses and have been unable to support road funding in recent years. As such, states nationwide are exploring ways to supplement or replace gas tax revenues.
8 min read