Research report

This paper provides estimates of the total cost of non-business tax expenditures claimed on individual tax returns, taking account of interactions among provisions, and of their distributional effects among income groups. We estimate that non-business tax expenditures reduced tax liability by $1...

September 26, 2016
Eric Toder, Daniel Berger, Yifan Powers
Research report

This report takes an investigative look at federal revenue spent on professional sports stadiums. Visit the Brookings Institution's website to try...

September 1, 2016
Ted Gayer, Austin J. Drukker, Alexander K. Gold
Research report

US fiscal policy has long been unsustainable, driven largely by automatically growing entitlement spending and insufficient revenues. Often overlooked is the extent to which this preordained fiscal policy limits policymakers’ discretion to act on new priorities each year. This study lays out...

September 14, 2016
Rudolph G. Penner, C. Eugene Steuerle
Research report

Every year, the Urban Institute produces hundreds of reports, briefs, webcasts, and blog posts. In this publication, Urban’s State and Local Finance Initiative brings together the latest evidence-based research, data, and solutions with direct relevance for analysts crafting and deliberating...

September 13, 2016
Norton Francis, Sarah Gault, Yifan Powers
Research report

Economists widely advocate establishing a price on carbon as a central means of reducing greenhouse gas emissions and the risks of global climatic disruption and ocean acidification. To be sure, a price on carbon is necessarily one part of a broader climate policy portfolio that includes...

July 8, 2016
Adele C. Morris
Research report

Introducing a federal consumption tax as a replacement for the employer payroll tax would achieve the intended policy goals of prior consumption tax proposals while overcoming their policy shortcomings. The base and design of the consumption and employer payroll taxes are closely related,...

July 6, 2016
James R. Nunns, Joseph Rosenberg
Research report

This report updates and revises the authors’ 2014 proposal to replace the corporate income tax with taxation at ordinary income rates of dividends and net accrued capital gains of American shareholders. The new proposal retains a 15 percent corporate income tax, gives taxable shareholders a...

June 17, 2016
Eric Toder, Alan Viard
Research report

What we eat and drink can cause obesity, diabetes, hypertension, and other conditions. In response, many governments have enacted or are considering taxes on unhealthy food and drinks. This report evaluates the rationale behind such taxes; reviews evidence on their effects; analyzes different...

December 14, 2015
Donald Marron, Maeve E. Gearing, John Iselin
Research report

This article introduced FAS 133, which was a new accounting standard for derivatives and hedges—and then compared the tax rules applicable to these instruments. It suggested the two sets of rules be reconciled. That is, derivatives be marked-to-market for tax purposes, as they are for financial...

August 9, 1999
Steven M. Rosenthal
Research report

Presidential candidate Bernie Sanders proposes significant tax increases that would raise $15.3 trillion over the next decade. All income groups would pay more tax, but most would come from high-income households, particularly those with very high incomes. Sanders would also implement new...

May 9, 2016
Gordon B. Mermin, Leonard E. Burman, Frank Sammartino