Brief

The US tax system provides a deduction for charitable giving, but only for the 25 percent of taxpayers who itemize deductions on their tax returns. Accordingly, advocates for the charitable sector have at times proposed to extend a deduction to itemizers and nonitemizers alike. Today these...

October 25, 2016
Joseph RosenbergC. Eugene SteuerleJoycelyn OvallePhilip Stallworth
Brief

This brief analyzes seven options for Child Tax Credit reform that would (1) make the CTC more consistent with other parts of the tax code; (2) target additional benefits to young children; or (3) broadly increase the credit for most current recipients.

October 19, 2016
Elaine MaagElena Ramirez
Brief

Nearly all state tax commissions—independent groups that study and make recommendations for improving a state’s tax system—are tasked with improving economic development within the state. Their report introductions include phrases such as “growth-friendly,” “unleash innovation,” and “optimum...

October 16, 2016
Richard C. Auxier
Brief

Tax policy is one of the most challenging and controversial components of state governance. Determining how and from whom to collect revenue involves questions of equity, fairness, efficiency, and simplicity. As a result, states often create special tax commissions before attempting major tax...

October 16, 2016
Richard C. Auxier
Brief

This paper gives an overview of the methodology behind the short- and long-run dynamic scoring of Hillary Clinton’s and Donald Trump’s tax plan proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on...

September 16, 2016
Benjamin R. PageKent Smetters
Brief

States spend billions of dollars every year on economic development activities that range from recruiting new businesses to helping local businesses expand. At the heart of each state’s economic development strategy is an agency, department, or government-supported nonprofit that coordinates the...

July 27, 2016
Norton Francis
Brief

In this installment of the Star Forum, experts weigh in on the following question: Senate Finance Committee Chair Orrin G.
Hatch, R-Utah, has announced that he is drafting a proposal in favor of corporate integration. Do you think that corporate integration is a good idea? What factors...

June 20, 2016
Eric ToderAlan Viard
Brief

Former CBO director Doug Elmendorf recently argued that Congress should account for macroeconomic feedback when scoring major tax and spending policies. In this brief, Donald Marron agrees, arguing that CBO and JCT can implement such dynamic scoring in an objective, nonpartisan manner. Dynamic...

June 20, 2016
Donald Marron
Brief

Every state uses a different combination of taxes to fund government services. Some rely more heavily on income taxes, and others see the most revenue from consumption taxes, such as general sales taxes or excise taxes on select goods. The effect of a state’s tax structure on economic...

May 31, 2016
Norton Francis
Brief

This paper reflects on changes in tax policy in past decades and predicts how tax policy may change under a new president in 2017. The author examines the potential of implementing a carbon tax as a means to raise government revenue and reduce carbon gas emissions.

February 29, 2016
William G. Gale