Skip to content

Individual Tax Expenditures, Credits, and Deductions

All Related Articles

International Tax Competitiveness Index 2024 Global Tax Rankings by Country

International Tax Competitiveness Index 2024

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.

92 min read
Kamala Harris Tax Plan 2024 Details Analysis

Kamala Harris Tax Plan Ideas: Details and Analysis

On tax policy, Harris carries forward much of President Biden’s FY 2025 budget, including higher taxes aimed at businesses and high earners. She would also further expand the child tax credit (CTC) and various other tax credits and incentives while exempting tips from income tax.  

17 min read
Donald Trump Tax Plan 2024 Details Analysis

Donald Trump Tax Plan Ideas: Details and Analysis

We estimate Trump’s proposed tariffs and partial retaliation from all trading partners would together offset more than two-thirds of the long-run economic benefit of his proposed tax cuts.

12 min read

2024 Election Insights | How to Fix Trump’s and Harris’s Tax Plans

Neither presidential candidate has a perfect tax plan. But what changes could Trump and Harris make to their respective tax plans to better serve American workers and the economy? In this episode, we dissect their plans and provide practical solutions for improvement.

georgia amendment 1

Georgia Amendment 1 Threatens the State’s Housing Market

Georgia should focus on policies that restrict the overall growth of property taxes, not policies that functionally freeze property taxes for current owners by shifting costs onto new owners and into the sales tax.  

6 min read
2024 state and local tax ballot measures details analysis and tax ballot measure results

State Tax Ballot Measures to Watch in 2024

Taxes are on the ballot this November—not just in the sense that candidates at all levels are offering their visions for tax policy, but also in the literal sense that voters in some states will get to decide important questions about how their states raise revenue.

9 min read
Kamala Harris unrealized capital gains tax proposal billionaire minimum tax

Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains

In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets such as stocks, bonds, or privately held companies.

5 min read
Meals Tax Rates across the Nation US food taxes on prepared food and restaurant tax information

Meals Taxes across the Nation

States would do better to broaden the sales tax base to include currently exempt classes of final consumption than to impose disproportionate taxes on prepared foods.

6 min read
10 Less Harmful Ways of Raising Federal Revenues

10 Less Harmful Ways of Raising Federal Revenues

If lawmakers are convinced that new revenues must be part of any long-term effort to solve the budget crisis or offset the cost of extending the TCJA, they must choose the least harmful ways of raising new revenues or else risk undermining their efforts by slowing economic growth.

7 min read
TCJA compliance and TCJA complexity costs did the Tax Cuts and Jobs Act simplify the US tax code?

How Did the Tax Cuts and Jobs Act Simplify the Tax Code?

Not every change in the Tax Cuts and Jobs Act simplified the tax code. However, the TCJA reduced compliance costs overall for individual filers, and allowing fundamental structural improvements to expire would make the tax code worse.

5 min read
Gov Tim Walz tax policies

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

Gov. Walz’s tax policy record is notable because of how much it contrasts with broader national trends. In recent years, most governors have championed tax cuts. Walz, rare among his peers, chose tax increases.

5 min read