Tax and Fiscal Policy

Task Force Description

The ALEC Tax and Fiscal Policy Task Force is dedicated to researching and promoting sound policy aimed at creating a pro-growth atmosphere in state economies. Policies that promote economic growth and increase state competitiveness are achieved by reducing excessive government spending and limiting the overall tax burden. The Task Force’s legislative members are at the forefront of developing sound, fiscally responsible, and free market tax and fiscal policies to address the needs that the states now face.

The Task force has pioneered policies that increase budget transparency, promote state spending limitations, require super-majorities for tax increases, implement dynamic revenue forecasting, and many more. The Task Force has several Subcommittees that examine specific policy areas in detail. These areas include fiscal policy reform, internet taxation, education finance, and public pensions.

The ALEC Tax and Fiscal Policy Task Force is working to provide economically viable, fiscally responsible, and free market solutions to promote economic growth.

 

All Model Policies

  • Statement of Principles on State Taxation of Digital Advertising and Data Usage

    Statement of Principles Opposition to Discriminatory Tax Treatment Well-crafted tax policy should not favor one form of commerce over another. Policies that target digital goods and services for taxation that their traditional counterparts do not face arbitrarily favor the latter, creating a competitive imbalance. Tax policy should be carefully structured…

  • Statement of Principles on Balancing Budgets Over the Business Cycle

    Statement of Principles Annual Balance is Disruptive and Creates Uncertainty Households and businesses benefit from stable and predictable state government services. Yet state spending tends to boom along with the economy, and recessions bring sudden and often substantial spending cuts and revenue increases. Budget adjustments that can be made quickly…

  • Resolution Urging Congress to Protect Consumer Privacy in Banking and Financial Transactions

    Resolution Urging Congress to Protect Consumer Privacy in Banking and Financial Transactions WHEREAS, the Biden Administration and some in Congress have proposed changes to tax information reporting which would require financial institutions to provide the Internal Revenue Service reports of incoming and outgoing transactions from every customer financial…

  • Statement of Principles on ARPA Aid to State Governments

    Statement of Principles Temporary Funds Require Temporary Spending History reveals that federal spending and bailouts are not a “free lunch” for states. Academic research shows that federal aid to the states increases both state spending and overall tax burdens. If state leaders spend temporary federal funds, the increased spending should…

  • Resolution Urging Congress to Let States Cut Taxes

    Model Resolution WHEREAS, the American Rescue Plan Act (ARPA) included $350 billion in State and Local Fiscal Recovery Funds, despite an increase in total state and local revenue in calendar year 2020; WHEREAS, ARPA funds were in addition to hundreds of billions in federal assistance to state and local governments…

  • Statement of Principles on Sound Rainy Day Fund Practices

    Guiding Principles of State Rainy Day Funds The American Legislative Exchange Council (ALEC) is committed to developing state budgetary policies that foster an economy that works for all, empowering people to earn success and realize their potential. One way that a legislature can ensure this goal is by preparing for…

+ All Tax and Fiscal Policy Model Policies

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