Archives: Tax Reform / Articles
Archives: Tax Reform / Articles (page 5)
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40th Anniversary of Reagan’s Economic Recovery Tax Act
This week marks the 40th anniversary of the Economic Recovery Tax Act. President Ronald Reagan signed this groundbreaking tax legislation into law on August 13, 1981 from his beloved Rancho…
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OPEB: The Good, the Bad, and the Ugly
The Center for State Fiscal Reform at the American Legislative Exchange Council recently released “Other Post-Employment Benefit Liabilities: The Continuing Need for OPEB Reform,” the latest in a series of ALEC annual publications examining growing state financial liabilities.2 Our report continues to find that states with some of the highest tax rates (for example, California, Illinois, New Jersey, and New York) have some of the highest unfunded OPEB liabilities as well.
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Arizona Lawmakers Approve Historic Tax Relief
Policymakers in Arizona just approved a historic state budget that will allow hardworking taxpayers across the state to keep more of their hard-earned paychecks. The net tax cut of…
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Arizona Can Seize the Opportunity to Restore Economic Competitiveness
The U.S. Census Bureau’s 2020 data and the congressional reapportionment that will follow proves that Americans “vote with their feet” away from high-tax states to lower-tax states. In an…
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Arizona Delivers COVID-19 Tax Relief
With the 2020 tax deadline approaching, Arizona Senate President Pro Tempore Vince Leach and House Majority Leader Ben Toma realized their state had not yet conformed its tax code to important relief provisions in the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. Many states around the country conformed their state tax codes to the CARES Act to offer state-level tax relief, but Arizona’s tax code still applied pre-COVID-19 tax policy to income earners. Consequently, Arizona taxpayers’ 2020 tax liabilities became much higher than taxpayers in states that offered COVID-19 tax relief.
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Rich States, Poor States: An Explainer
What is Rich States, Poor States? Watch this video to learn about the ALEC-Laffer State Economic Competitive Index, and what it means across the states.
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New Census Report: Americans Continue to Vote with Their Feet in Favor of Economic Opportunity
The U.S. Census Bureau just announced its long-anticipated list of state winners and losers from the official 2020 apportionment count. With good reason, this is a huge news item for…
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President Biden’s Infrastructure Plan Brings Suspect Benefits at High Costs
Last week, Senator Kristen Gillibrand was mocked for tweeting a laundry list of progressive priorities that she claimed were infrastructure and deserved to be included in President Biden’s…
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How (Not) to Make it in New York: Albany’s Record-Breaking Taxes and Spending
Growing up just outside of New York City on Long Island, I’ve been hearing Frank Sinatra’s “New York, New York” for as long as I can remember. Sinatra famously…
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GameStop Stock Sales are a Big Payday for Tax Collectors
In December 2020, GameStop was a struggling retailer with a foregone conclusion. Selling hardcopies of videogames when over 80% of videogames are downloaded from digital copies, compared to 20%…
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Can State Courts Exercise Jurisdiction Over Online Marketplaces or Individual Sellers?
A recent Supreme Court case could have a significant impact for online marketplaces and the individual sellers who rely on them. The case, entitled Ford Motor Co. v. Montana…
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Jonathan Williams Interviewed on PMA Perspective
Executive Vice President of Policy Jonathan Williams joined the Pennsylvania Manufacturers’ Association to discuss the latest edition on Rich States, Poor States.
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Key ALEC Policy Ideas for 2021
Our entire policy department at ALEC is busy analyzing the best free market ideas to add to the important discussions taking place across the states and at the federal level…
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A Missing Piece in the Property Tax Reform Puzzle?
Property tax reform is a difficult puzzle to solve. But one successful policy solution has been Truth in Taxation. Over time, Truth in Taxation laws have proven to aid economic…
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South Dakota’s Secret to Success
During her State of the State address, South Dakota Governor Kristi Noem proudly rejected additional unemployment aid from the federal government – and rightfully so. With an unemployment trust…
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Congress Applauds ALEC Efforts to Address a Federal Bailout of States
Last year, ALEC released a letter signed by more than 200 state lawmakers that addressed the policy concerns with a potential federal bailout of the states. In 2021 the…
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Jonathan Williams and John Hendrickson: Iowa Tax Cuts Will Work with Lessons Learned from Kansas
ALEC Executive Vice President of Policy and Chief Economist Jonathan Williams joined John Hendrickson of the Tax Education Foundation of Iowa in an op-ed for the Des Moines Register, refuting…
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Jonathan Williams on Moore Money with Steve Moore
Join ALEC EVP and Chief Economist Jonathan Williams and economic powerhouse Steve Moore to discuss a bailout of states, Rich States, Poor States and more.
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States: New Year, Same Debt Policy
Recently, state governments have taken advantage of low interest rates and issuing bonds to cover revenue losses from 2020. In doing so, states are adding to their tab of…
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Bernie Sanders’ Mittens are the Newest Victim of Anti-Growth Policies
Senator Bernie Sanders became immortalized as an internet meme after inauguration guests pointed out his eclectic attire. Compared to other guests’ Prada and Chanel, Senator Sanders was seated alone,…