Tax
President Trump Outlines Second Term Tax Ideas
The Republican National Convention is underway this week and President Trump’s campaign released a second term agenda outlining his policy vision in broad strokes. While light on detail, the agenda includes a few tax policy items like expanding existing tax breaks, creating credits for specific industries and activities, and unspecified tax cuts for individuals. The…
Read MoreDonald Trump’s Bullet Point Tax Agenda
President Trump is formally kicking off his reelection campaign with a couple of pages of bullet points. It makes for a thin tax policy agenda.
Read MoreWho Will Pay for the Roads?
Key Findings The future of funding for America’s highways has been the topic of much political discussion for decades. While many states have increased motor fuel tax rates over the last decade, the federal government has not updated the gas tax since 1993. The motor fuel tax is a relatively well-designed tax which acts as…
Read MoreReviewing Joe Biden’s Tax Vision
Tonight, former Vice President Joe Biden formally accepts the Democratic nomination for President, ending a long primary season that saw competing policy visions from the many candidates, including in tax policy. However, questions about Biden’s tax proposals, such as when and how fast he would push for tax hikes, remain to be clarified headed into…
Read MoreHow the CARES Act Fixed a Tax Bias Against Green Investment
One under-discussed part of the CARES Act, passed in March to provide economic relief during the COVID-19 epidemic, is a correction to a drafting error in the Tax Cuts and Jobs Act of 2017, often known as the “retail glitch.” The Tax Cuts and Jobs Act provided 100 percent bonus depreciation for many short-lived assets,…
Read MoreUber, Taxes, and the Question of Who’s an Employee in the Gig Economy
Uber and Lyft are threating to shut down operations in California because the state considers their drivers employees rather than independent contractors. The distinction might…
Read MoreCFC Rules in Europe
Many businesses around the world operate in more than one country, making them subject to multiple tax jurisdictions. To prevent businesses from minimizing their tax liability by taking advantage of cross-country differences in taxation, countries have implemented various anti-tax avoidance measures, one known as Controlled Foreign Corporation (CFC) rules. CFC rules apply to certain income…
Read MoreNew Research on the Impact of Energy Taxes and the EU’s Cap-and-Trade System
New research on the impact of energy taxes and the EU’s cap-and-trade system has been released. Both articles were published by the American Economic Journal in 2020. In “Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes,” the authors study the welfare effects of changes in energy input costs—such as energy tax…
Read MoreBiden’s Tax Hikes May Be A Tough Sell In 2021. What If He Paired Them With Big Refundable Tax Credits?
Democratic presidential nominee Joe Biden would raise taxes by about $4 trillion over the next decade, nearly all on businesses and high-income households. While Biden…
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