Interest Deductibility – Issues and Reforms
Interest deductibility creates holes in the tax base, distorts corporate investment strategies, and contributes to a potentially dangerous macroeconomic environment of overleveraging.
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Competitiveness Impact of Tax Reform for the United States
U.S. taxes on new business investment are uncompetitive globally. While corporate tax rate reductions would have a significant impact on competitiveness, expensing proposals currently being considered would add much more grease to make the wheels turn in the U.S. economy.
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The State and Local Tax Deduction: A Primer
Taxpayers who itemize deductions on their federal income tax are permitted to deduct certain taxes paid to state and local governments from their gross income for federal income tax liability purposes.
26 min read
Federal Tax Reform: The Impact on States
The federal government could pass comprehensive tax reform for the first time since 1986. Any federal tax change would impact state budgets, as most states tie their tax codes to the federal code. Here’s what states should expect and the options they’ll have if federal reform happens.
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Understanding the House GOP’s Border Adjustment
What is a border adjustment? What are the mechanics of how a border adjustment works, how would one affect U.S. businesses, and what are some pros and cons of enacting one?
29 min read
Pass-Through Businesses: Data and Policy
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Arkansas: The Road Map to Tax Reform
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Washington Voters Contemplate a Carbon Tax
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Colorado Amendment 69
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