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Why Tax Reform Should Eliminate State and Local Tax Deductions

Under federal tax law, individuals may deduct the income and property taxes that they pay to their state and local governments, as well as any interest they receive from owning state or local bonds, from their total income when filing their federal taxes. In recent years, individuals have been allowed to choose between deducting their income tax or sales taxes. ....

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Tax Cuts in Every Congressional District in Every State

The Tax Cut and Jobs Act (TCJA), signed into law by President Donald Trump in December 2017, is one of the most significant policy reforms passed by Congress in recent times. Following this tax reform, individuals, families, and communities across the country have been reaping the benefits of bigger paychecks, lower taxes, and more economic opportunities. In this study, we model the effect of the TCJA on every state and congressional district in the country. ....

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Obama Tax Hikes: The Economic and Fiscal Effects

Abstract: Since 1996, Congress after Congress has voted to lighten the tax burden on Americans. The current Congress will decide this fall whether to continue this policy or to significantly raise personal income taxes. President Obama has advanced a plan that reverses the long-standing successful policy: The President and his supporters are calling for tax increases, primarily on upper-income taxpayers and businesses including small businesses, the primary job creators in the country. ....

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Obamacare: Impact on the Economy

Obamacare will burden already struggling businesses with new costs and punish individuals for not having high-paying jobs. ....

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Consequences of Paris Protocol: Devastating Economic Costs, Essentially Zero Environmental Benefits

During the 2015 United Nations Climate Change Conference in Paris, President Barack Obama met with world leaders from around the globe to discuss plans to combat climate change. The general consensus from the summit was that the use of natural resources, such as coal, oil, and natural gas which provide 80 percent of the world’s energy needs should be avoided. Furthermore, industrialized, rich countries should pay for poor countries to build more renewable power and address climate change. ....

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