State and Local Issues: StateState Revenues and Expenditures

State and Local Direct General Expenditures

June 1, 2021
: Daily Deduction

Making Good on Tax Promises, Sort Of

The Green Book is back.
June 1, 2021Renu Zaretsky
: Daily Deduction

Making Good on Tax Promises, Sort Of

The Green Book is back.
June 1, 2021Renu Zaretsky
: Daily Deduction

Making Good on Tax Promises, Sort Of

The Green Book is back.
June 1, 2021Renu Zaretsky
In 2019, five states (CT, MD, IL, NY, PA) and DC spent over 25% of their state motor fuel tax revenue on mass transit. Overall, 10% of revenue went towards mass transit, 27% for local roads, 51% for state highways, and 12% for other spending.
May 31, 2021
: Daily Deduction

Big Budget, Smaller Counters

White House releases its $6 trillion budget today.
May 28, 2021
: TaxVox

Five Tax Questions to Ask When Looking at President Biden’s Budget

President Biden on Friday is set to unveil his first full budget along with Treasury’s Green Book, which will provide the first detailed look at...
May 27, 2021John Buhl
Federal Budget and Economy: Virtual Event

The Prescription: Fiscal Policy for Today’s Economy with Rebecca Thompson

This week’s guest: Rebecca Thompson of Prosperity Now The Urban-Brookings Tax Policy Center (TPC) is holding a series of online conversations on tax and fiscal...
May 27, 2021
Campaigns, Proposals, and Reforms: TaxVox

Biden’s Tax On Large Capital Gains At Death Will Catch A Few With Annual Incomes Of Less than $400,000

President Biden’s campaign promise never to raise taxes on those making $400,000 or less annually will inevitably conflict with his proposal to tax unrealized capital...
May 27, 2021Howard GleckmanRobert McClelland
: Daily Deduction

Donor Disclosures, Income Measures, and Tax Prep

ISO: Funds to pay for infrastructure.
May 27, 2021Renu Zaretsky
: Daily Deduction

Infrastructure Talks On Life Support

Senate Republicans may offer an infrastructure counteroffer tomorrow.
May 26, 2021Renu Zaretsky
Individual Taxes: TaxVox

Biden’s Tax Plan May Make Congress Come to Grips With The Question: What Is Income?

Tax bills almost always force Congress to think about how to define income, but President Biden’s campaign promise to never raise taxes for those making...
May 26, 2021Howard Gleckman
: Testimony

Using Basic Income to Meet the Needs of DC Communities

Elaine Maag, Principal Research Associate in the Urban-Brookings Tax Policy Center, testified before the Council of the District of Columbia’s Committee on Business and Economic Development. The hearing included a discussion on the “Child Wealth Building Act of 2021” (B24-236) and tax policy
May 25, 2021Elaine Maag
State and Local Issues: Testimony

Understanding Taxes that Can Raise Revenues to Help Offset Growing Wealth Inequality in the District of Columbia

Kim Rueben, Sol Price Fellow and Director of the State and Local Finance Initiative at the Urban-Brookings Tax Policy Center, testified before the Council of the District of Columbia’s Committee on Business and Economic Development. The hearing included a discussion on the “Child Wealth Building
May 25, 2021Kim S. Rueben
Individual Taxes: TaxVox

IRS Set to Deliver Advance Monthly Payments: Needs Ability to Update Bank Information

Starting on July 15, the IRS will begin distributing a monthly Child Tax Credit payment to at least 39 million families, or almost 90 percent...
May 25, 2021Elaine Maag
: Daily Deduction

Progress On A Global Corporate Tax Rate?

Will there be a global deal on corporate taxation of multinationals later this year?
May 25, 2021Renu Zaretsky
State and Local Issues: ExciseStateState Revenues and Expenditures

Disposition of State Motor Fuel Tax Receipts

May 24, 2021
: Daily Deduction

Biden Looks To Deal on Infrastructure and The Corporate Minimum Tax

Scaling back infrastructure.
May 24, 2021Renu Zaretsky
Missouri will increase its state gas tax rate for the first time in nearly 30 years starting October 2021. Currently, state gas tax rates range from 9 cents per gallon in Alaska to 58 cents per gallon in Pennsylvania.
May 24, 2021
: Daily Deduction

Growing Gaps, Climate-friendly Contrails, and Stunning Surpluses

Treasury: New proposals to close a tax gap of $600 billion in 2019.
May 21, 2021Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

TPC Compares President Biden’s Tax Agenda With Candidate Biden’s: Where It Differs and Where It Tracks

When Joe Biden ran for president, his campaign platform included dozens of relatively specific tax proposals. They ranged from expanding refundable tax credits for low-...
May 21, 2021Howard Gleckman
: Daily Deduction

Action Or Inaction, Taxes May Have Only One Way to Go

“Raise ‘em now, we’ll cut ‘em later when we’re back in power.”
May 20, 2021Renu Zaretsky
: Daily Deduction

Action Or Inaction, Taxes May Have Only One Way to Go

“Raise ‘em now, we’ll cut ‘em later when we’re back in power.”
May 20, 2021Renu Zaretsky
Individual Taxes: TaxVox

What Plays Better With the Public, Democratic Corporate Tax Hikes Or GOP User Fees?

President Biden and Democrats and Republicans in Congress have begun a fascinating game of three-dimensional chess over Biden’s $2.2 trillion infrastructure spending plan and the...
May 19, 2021Howard Gleckman
State and Local Issues: CorporateStateMain Features of State Tax Systems

State Corporate Income Tax: Treatment of Net Operating Losses

May 19, 2021