Taxes

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    The need for certainty

    Kevin Williamson of National Review Online explains how temporary federal fixes can generate long-term negative consequences. The Trump administration, and Republicans in Congress, very much want to pass a tax cut right now. Some Democrats want to cut taxes, too, though usually different taxes for different taxpayers. So…
    Mitch Kokai, November 17, 2017
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    Cato study outlines one corporate tax credit that’s ripe for repeal

    Chris Edwards of the Cato Institute highlights the following information about his latest study. As Republicans pursue tax reform, Cato has released a study on one corporate tax break that is ripe for repeal. In “Low-Income Housing Tax Credit: Costly, Complex, and Corruption-Prone,” Vanessa Brown Calder and I…
    Mitch Kokai, November 16, 2017
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    Leef explores the GOP tax proposal’s potential impact on higher ed

    George Leef’s latest Martin Center column focuses on the Republican tax plan’s potential implications for colleges and universities. On November 2, House Republican leaders unveiled their tax reform plan. A number of its provisions affect higher education. While this is only a proposal, it’s worth looking into those provisions.
    Mitch Kokai, November 15, 2017
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    Billion dollar incentive packages

    Is it me, or do these incentive packages just keep getting bigger?  The Triad Business Journal is reporting today on a report that North Carolina and Alabama are the two finalists for a new Toyota-Mazda plant.  And then they talk about the possible sites, all of which have already…
    Julie Tisdale, November 15, 2017
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    The State and Local Tax Deduction makes no sense

    Tax policy is as much about regulation as it is the efficiency and simplicity of raising revenues to pay for government activity. The regulatory aspect is clear in Ronald Reagan’s famous adage: “If you want more of something, subsidize it; if you want less of something, tax it.”…
    Joseph Coletti, November 15, 2017
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    What Would Federal Tax Reform Mean For High-Tax California?

    Interesting column in the LA Times about the impact of tax reform on people who live in high-tax states like California. At issue is the proposal to end the federal deduction for state and local taxes.  “My assumption is that people who take advantage of the deductions for state…
    Donna Martinez, November 15, 2017
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    How far does a dollar go?

    I read an interesting piece today about the value of a dollar.  Actually, the value of $100, and how it compares in cities across the US. The Tax Foundation published this map back in August.  It compares the purchasing power of $100 in a particular metro area with the…
    Julie Tisdale, November 14, 2017
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    Tax Foundation sees Senate plan boosting economy and incomes

    The Senate’s tax plan would reduce tax rates, broaden the tax base, and spur economic growth in a Tax Foundation dynamic modeling estimate. Nationwide, the effect would be 925,000 new jobs and $2,598 in after-tax income for the average middle-income family. North Carolina would add 27,863 jobs and…
    Joseph Coletti, November 14, 2017