John Cochrane recently noted: Stock Buybacks Are Proof of Tax Reform’s Success… A short oped for the Wall Street Journal here on stock buybacks. As usual, they ask me not to post the whole thing for 30 days though you can find it ungated if you search. Show More Summary
The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...
Taxpayers just got a big alternative minimum tax break in the new reform laws.
Most years, states are the focal point of tax policy innovation while the federal tax code remains unchanged except for its ceaseless accumulation of preferential policies. Late last year, however, Congress flipped the script, reforming the tax code for the first time in 31 years—an action that sparked a flurry of activity in state capitols. […]
Yesterday, the House Ways and Means Tax Policy subcommittee held a hearing to evaluate a set of recently expired tax provisions, commonly referred to as “tax extenders,” and whether they are needed under the newly reformed tax code. Most of the tax extenders in question are narrowly targeted preferences for specific economic interests, such as […]
The recent tax reform bill left the taxation of household savings, including retirement savings accounts, largely unchanged. Last Thursday, Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) introduced...Show More Summary
Each year, the Tax Foundation honors state legislators, executives, and other individuals with its Outstanding Achievement in State Tax Reform award. As the name suggests, the honoree’s accomplishments must be (1) outstanding, (2) an achievement (not merely a proposal) during 2017, and (3) advance a tax system to make it more simple, more neutral, more […]
US expats who were hoping a miracle as part of the Trump tax reform would ease FATCAâ??s pressure on their lives are now deeply disappointed. US citizens living and working overseas were hoping against hope that continuing calls by US expat organisations representing both sides of the political divide might result in an easing of the... Expats Blog -
Playbook: “Many very qualified Washington Republicans have said some version of this to us: Tax reform is done. Infrastructure is not likely to happen. The House could easily flip. The Senate Republicans will have a tough 2020 cycle. In other [...]
The quest for the reform of Nebraska’s tax system has seemingly hit a pinnacle in 2018, with a number of tax reform bills being introduced. Key among the legislative proposals is LB 1084, introduced by Sen. Tom Briese, of Albion. While...Show More Summary
The Tax Cuts and Jobs Act didn’t end the debate on tax reform – it’s shifted the discussion to state capitols across the country, and Maine Governor Paul LePage (R) is joining the conversation. Governor LePage has put forth a comprehensive tax bill that cuts taxes by $111 million over the next two years and […]
Interest rates are likely to increase following enactment of the recent tax reform bill (Tax Cuts and Jobs Act). Rising interest rates stemming directly from the growth provisions of the tax reform bill would be a positive sign that the tax cut is working to encourage capital formation, and should not be cause for alarm. […]
This kind of media juggernaut is more than an exercise of free press. It’s lobbying. by Heather Weiner Heather Weiner Courtesy of the author For the first time in 120 years, the Seattle Times pushed down all other news to dedicate Tuesday’s...Show More Summary
The oil industry is keenly waiting to see the effect of tighter consumption tax regulations that China is implementing on March 1. Beijing has been pushing for administrative reforms to close tax loopholes that have been a panacea for China’s independent refiners and oil blenders. Show More Summary
Democrats have been trying to make an issue out of Republican oil tax reforms passed during the 2015 legislative session. To hear them tell it, the reforms were a give away to the oil industry. Something which has contributed to theShow More Summary
From left: Sen. Heidi Heitkamp, D-ND, and Rep. Kevin Cramer, R-ND. (Herald graphic/Sam Easter) The folks at Gravis Marketing have released polling for North Dakota’s House and Senate races, the tax reform bill, the abortion issue, gay rights, and immigration. Show More Summary
Kentucky’s current fiscal situation is dire. With one of the worst funded pension systems in the country and a budget that’s facing the possibility of severe cuts, legislators in the state are understandably having a difficult time juggling the state’s finances. The House budget plan has not yet been released, but details have emerged on […]
American expat business owners in Australia are about to get an unpleasant surprise courtesy of the controversial Trump tax reform bill. The problem is the so-called â??one off deemed repatriation taxâ??, levied at 15.5 per cent for internet giants such as Google and Apple, but also affecting any dual USA expat citizen operating a... Expats Blog -
President Donald Trump’s tax law that was passed by Republicans with breakneck speed last year is ridden with typos and glitches. Mr Trump and administration officials continue to tout the benefits of the $1.5 trillion tax cut that he signed into law in December. Legislation often contains a few errors, but not of this magnitude, experts have been quick to point out.
Talking to investors in its Q4 2017 Earnings Call on February 22, First Solar CEO Mark Widmar floated the possibility of expanding the company's US manufacturing capacity as a direct result of Donald Trump's corporate tax reforms.