Virginia is considering its first increase in its statewide gasoline tax in 30+ years. Currently, state tax rates on gasoline range from 9 cents per gallon in Alaska to 58 cents per gallon in Pennsylvania.
February 10, 2020
: TaxVox

Utah: Tax Reform Doesn’t Have To Be This Hard

States often fail at tax reform. But few efforts flop as spectacularly as Utah’s did. Utah passed sweeping tax reform legislation in December 2019. Utah...
February 7, 2020Richard C. Auxier
: Daily Deduction

Imbalances, Blocks, and Proposals

Treasury Secretary Mnuchin: President Trump’s budget likely won’t balance over a decade.
February 7, 2020Renu Zaretsky
: Daily Deduction

Freedoms, Riches, and Permissions

Did President Trump really create the best economy ever?
February 6, 2020Renu Zaretsky
Federal Budget and Economy: TaxVox

Despite Trump’s Claims, It Is Hard To See Much Economic Impact Two Years After Passage Of The Tax Cuts And Jobs Act

In last night’s State of the Union address , President Trump declared, “Our economy is the best it has ever been.” And, he added, “If...
February 5, 2020Howard GleckmanAravind Boddupalli
: Daily Deduction

Tax Truths Can Be Stranger than Fiction

US DOJ: Congress cannot subpoena President Trump’s financial records.
February 5, 2020Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

“Don’t Tax Me, Don’t Tax Thee, Tax That Person Who’s Richer Than… We.”

Who counts as rich?
February 5, 2020Renu Zaretsky
: Daily Deduction

Questionable Tax Credits, Security, and Another Tax on the Rich

Are tax credits the best way to subsidize long-term care costs?
February 4, 2020Renu Zaretsky
: Daily Deduction

A Cost-of-Living Refund, The Future of Philanthropy, and International Tax

How a new tax benefit would help family caregivers
February 3, 2020Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Are Tax Credits The Best Way To Subsidize Long-Term Care Costs?

Most major Democratic presidential hopefuls have proposed new government assistance for those receiving long-term supports and services and their families. Mayor Pete Buttigieg has proposed...
February 3, 2020Howard Gleckman
State cigarette tax rates in 2020 range from Missouri's 17 cents per pack to DC's $4.50 per pack. The rate is below $1 per pack in 14 states and above $4 per pack in 3 states and DC.
February 3, 2020
: Daily Deduction

Slower Growth, Paying for a Universal Basic Income, and Digital Decisions

Economic growth slowed in 2019.
January 31, 2020Renu Zaretsky
Individual Taxes: Brief

Extending the Earned Income Tax Credit: How the Economic Security Project’s Cost-of-Living Refund Would Affect Family Caregivers

In recognition of the important work family caregivers do, the Economic Security Project (ESP) has proposed that they be eligible for the cost-of-living refund, an expansion of the earned income tax credit (EITC). Among other changes to the EITC, the cost-of-living refund would extend benefits to
January 30, 2020Elaine MaagMelissa M. FavreaultNikhita Airi
: TaxVox

How A VAT Could Tax The Rich And Pay For Universal Basic Income

The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...
January 30, 2020William G. Gale
: Daily Deduction

Signing a Treaty and Another Infrastructure Plan

Trump signs the USMCA.
January 30, 2020Renu Zaretsky
: TaxVox

How Income Taxes Interact With Racial Disparities

Because the IRS does not ask for a tax filer’s race or ethnicity on tax forms, examining the relationship between race and the tax system...
January 30, 2020Aravind BoddupalliKim S. Rueben
: Daily Deduction

Deficit to Top $1 Trillion. Will Policy Adapt?

CBO: Budget deficit will exceed $1 trillion in 2020.
January 29, 2020Renu Zaretsky
: TaxVox

TPC Launches A New Resource For Understanding Tax Expenditures

Would you be surprised to learn that in addition to the $1.3 trillion the federal government will spend on Medicare, Medicaid , and related health...
January 28, 2020Frank Sammartino
: TaxVox

Tracking State Tax Policy Is Hard; A New Resource Helps You Prepare For Policy Debates In All 50 States

What are the biggest trends in state tax policy? Sometimes there are easy answers to this question. In recent years nearly every state made changes...
January 28, 2020Richard C. Auxier
: Daily Deduction

The Budget, Carbon Taxes, Pot, and Double Taxation

On the Hill.
January 28, 2020Renu Zaretsky
: Daily Deduction

Are Tariff Threats Contagious?

President Trump expands tariffs on derivative steel and aluminum products from some countries.
January 27, 2020Renu Zaretsky
The federal tax code subsidizes qualified research expenses for businesses. According to the Treasury, these tax credits will cost over $200 billion between 2019 and 2028.
January 27, 2020
Individual Taxes: Brief

Debt and Politics: Integrating America’s Fiscal Outlook with New Campaign Proposals

Congress and the president have put the federal budget on track for unsustainable and rising deficits without end. Mandatory spending programs—those that continue automatically without new appropriations—are expanding at a faster rate than discretionary spending programs, while total spending rises
January 27, 2020Erald KolasiC. Eugene Steuerle
State and Local Issues: TaxVox

States Adopt Some Federal Tax Expenditures And Add Others

In fiscal year 2020, Georgia will spend nearly $500 million in film and television tax credits in return for the promise of new jobs and...
January 24, 2020Aravind BoddupalliFrank SammartinoEric Toder
: Daily Deduction

Road Work Ahead, Investigating Evasion

Infrastructure week in the House?
January 24, 2020Renu Zaretsky