The economy is recovering and state tax revenues are growing, giving states greater flexibility in their budget decisions. However, the biggest problem with state budgets appears to be political.
Scott Walker has slashed taxes while in office in Wisconsin, and Clinton has given little hint as to what she might do with the tax code if elected. Those stories, plus other tax news out of Washington this week.
Online sales tax is a gray area for states and hard to enforce. While some believe in following the rules, others have a hard time voluntarily paying taxes. Many don't even realize they owe tax.
Scott Walker claims that committing $400 million in Wisconsin taxpayers' money to help build a new arena for the NBA's Milwaukee Bucks will yield an enormous return on investment. He's wrong.
Presidential candidate Mike Huckabee recently defended his proposed 'FairTax', a national retail sales tax that would replace all federal taxes, on Fox News. The actual fairness of Huckabee's proposed tax toward lower-income families is a little more complicated.
The earned income tax credit helps millions of working, low-income families, but its benefits are not felt by workers without children. How could creating a new worker tax credit help these workers?
A small and almost unnoticed change in retirement savings rules requiring taxable distributions from 401(k)s could be a big help to middle-income seniors who want to preserve assets to pay for medical and long-term care costs in very old age.
Putting carbon taxes and corporate rate cuts together, supporters say, could mean that Democrats would back the bill as a way to reduce carbon emissions and slow climate change. Republicans would support the plan to cut corporate tax rates while retaining at least some popular business tax subsidies.
Restricting food stamps to use on certain foods is only fair if we put restrictions on dozens of other programs that assist people —to attend school, save for retirement, buy homes, take care of their children. Instead, let’s trust Americans to use that assistance as they see fit and not tell them how to live their lives.
Since it’s (almost) Tax Day, that April 15 deadline for filing tax returns, it’s a good time to ponder a very simple question: How much does the US tax system shrink the gap between rich and poor?
A recent DOJ investigation into the city of Feguson and its police department highlighted a 'focus on revenue rather than … public safety needs.' Even among smaller American cities still recovering from the recession, such a focus is far from normal.
US communities have been trying for several years to levy soda taxes in the name of good health. Soda purchases are falling, and there is some evidence that people are buying different drinks without an extra tax.
A key change in the tax plan proposed by Senators Marco Rubio and Mike Lee would be very advantageous for low-income households compared with the original Lee plan and, to a lesser extent, current law.
Bobby promoting a plan to raise $526 million without a tax increase. His trick: Turn refundable business credits into non-refundable credits.
The "Economic Growth and Family Fair Tax" plan from Senators Rubio and Lee is ambitious and expensive, but it may hurt many low-income families with children, according to new estimates.
Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane.
Our tax-based highway funding is a mess. Saving it may mean making its funding path even more complicated.
Republican Senators Marco Rubio and Mike Lee have introduced what should probably be thought of as the first major set of tax proposals in the 2016 Presidential election season. While their proposals are unlikely to be enacted, they hint at the troubling direction that tax reform debates seem to be headed.
A public school system funded the same way we pay for the ACA's exchanged-based insurance would drastically reduce direct spending for public schools and the taxes without directly affecting educational resources. But it would make life much more complicated for taxpayers and tax administrators.
Is 2015 the year of reluctant GOP tax hikes or triumphant GOP tax cuts? It depends. Republican governors are open to new tax revenue—as long as it is never, ever from individual income taxes.