TaxVox

How Michigan Blocked a $1 Billion Tax Windfall for Corporations

September 15, 2014 –

For all the talk of political gridlock, it is amazing how quickly a state legislature can act when $1 billion in unexpected corporate tax refunds are...

Tax Policy in September: Racing to a Grinding Halt?

September 12, 2014 –

Have it your way… unless you’re Burger King. Five Senate Democrats—Illinois’ Dick Durbin, Michigan’s Carl Levin, Rhode Island’s Jack Reed, Vermont’s...

Federal Budget and Economy

Does the Export-Import Bank Make or Lose Money?

September 11, 2014 –

Suppose your aunt decides to start a business making pizza ovens. She will design and build the ovens, and her daughter will manage operations. A...

Rules, Reform, Taxes and Wealth: No Harm in Trying?

September 11, 2014 –

Maybe the duck will walk again? Lawmakers are putting down their markers on anti-inversion legislation. Top Senate Democrats Dick Durbin and Chuck...

Individual Taxes

Don’t Count on Much Economic Growth From Individual Tax Reform…Or From Tax Rate Cuts

September 10, 2014 –

Can individual income tax reform that cuts rates and eliminates subsidies increase economic growth? How about tax cuts by themselves? The answer is:...

The Amazing [Anti-Inversion] Race

September 10, 2014 –

There’s tougher talk from Treasury. Secretary Jack Lew affirmed administrative authority to curb inversions, telling Bloomberg that “If Congress...

State and Local Issues

Nearly All States Play the Lottery, But None Are Big Winners

September 9, 2014 –

Wyoming residents no longer have to cross the border to purchase Powerball tickets. On Aug. 24, Wyoming became the 44th state to legalize a lottery...