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Individual Tax Compliance and Complexity

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Trump no tax on tips proposal

How “No Tax on Tips” Could Backfire

If Republicans want to pursue this policy, they’ll need to answer some questions about what Trump’s promise means. And they’ll need to be careful that the idea doesn’t turn into a budget-buster.

EU tax policy competitiveness decluttering and fairness buzzwords European Commission tax

Europe Needs Good Tax Policy, Not Buzzwords, to Grow Its Economy

With war continuing in Ukraine, political instability in France and Germany, and the return of Donald Trump to the White House, this could be a year of major realignment for Europe. The tax policy mindset in Brussels should shift accordingly.

state flat tax trend and state flat income taxes 2024

The State Flat Tax Revolution: Where Things Stand Today

From 2021-2024, within the span of 3.5 years, more states enacted laws converting graduated-rate individual income tax structures into single-rate income tax structures than did so in the whole 108-year history of state income taxation up until that point.

10 min read
2025 State tax changes taking effect January 1

State Tax Changes Taking Effect January 1, 2025

Thirty-nine states will begin 2025 with notable tax changes, including nine states cutting individual income taxes. Recent years have seen a wave of significant tax reforms, and the changes scheduled for 2025 show that these efforts have not let up.

25 min read
tariffs alternatives to boost us competitiveness

Testimony: Alternatives to Tariffs to Boost US Competitiveness

While tariffs are often presented as tools to enhance US competitiveness, a long history of evidence and recent experience shows they lead to increased costs for consumers and unprotected producers and harmful retaliation, which outweighs the benefits afforded to protected industries.

Behind the Numbers: Budget Shenanigans and the National Debt

What happens to your taxes when the Tax Cuts and Jobs Act expires on January 1, 2026? In this episode, we explore the potential tax hikes facing millions of Americans and the debate over measuring the budgetary impacts of extending tax cuts.

Louisiana tax reform 2024 and 2025 Louisiana income tax rates, franchise tax, full expensing, and inventory change sales tax changes

Louisiana Now Boasts a More Competitive and Pro-Growth Tax Code

Lawmakers will enter the 2025 fiscal legislative session with an opportunity to build on the successes of the November special session. Efforts should include addressing the outstanding issues within the corporate and sales tax codes that currently hold the state back.

7 min read
Trump Elon DOGE Department of Government Efficiency Big Government Debt Burden

Trump’s DOGE Must Do More Than Make Big Government More Efficient

The US government’s $6.8 trillion budget is larger than the GDPs of Germany and Japan. Its roughly $2 trillion annual deficit is larger than the GDP of Mexico. And it has 441 agencies that employ more than 2.8 million civilian employees.

2024 Drug Policy Ballot Initiative, Drug Legalization Results

Momentum Slows for State Drug Legalization Policies via 2024 State Ballot Initiatives

With the significant potential for state revenues, and the prior political success of arguments that legalization can shift consumers to safer legal markets, it seems likely that states will continue to see legislation and ballot initiatives to legalize marijuana at the state level—even states that failed to do so this election.

5 min read
Trump Tax Cuts, Tariffs, and Reconciliation After the 2024 Election

Questions About Tax Cuts, Tariffs, and Reconciliation After the Election

Fiscal pressures are likely to weigh heavily on lawmakers as they craft a tax reform package. That increased pressure could result in well-designed tax reform that prioritizes economic growth, simplicity, and stability, or it could encourage budget gimmicks and economically harmful offsets. Lawmakers should avoid the latter.

8 min read