Kyle_Hulehan Archive

TweetShareSharePin0 Shares The past two years have seen a strong focus on tax reform, specifically on individual and corporate income taxes—with 2023 continuing the trend. But as housing prices are rapidly increasing, and property tax bills along with them, the property tax has come into the spotlight in many states. Because property taxes are a

TweetShareSharePin0 Shares Topline Preliminary Estimates Net Deficit Impact Long-run GDP Wages FTE Jobs Note: *On a conventional basis. Source: Tax Foundation General Equilibrium Model, March 2023. President Biden’s Fiscal Year 2024 Budget outlines several major tax increases that would add up to nearly $4.8 trillion in new taxes targeted at businesses and high-income individuals. After $833 billion

TweetShareSharePin0 Shares At his Spring Budget on Wednesday, British Chancellor Jeremy Hunt announced the introduction of a form of full expensing in the UK. Firms will benefit from a 100 percent up-front deduction for most investments in plant and machinery, with certain ‘integral features’ and ‘long life items’ subject to a 50 percent first-year deduction

TweetShareSharePin0 Shares New Mexico was the ostensible setting of the 1966 film The Good, the Bad and the Ugly. This week, the New Mexico legislature is considering an omnibus tax bill that could make good use of the same title. House bill 547 includes some good, pro-growth tax reform, like reducing the gross receipts tax

TweetShareSharePin0 Shares Kentucky legislators are considering various sales and property tax changes this legislative session as part of H.B. 360, a bill that passed the House on March 8th with a committee substitute and the Senate on March 13th with a Senate committee substitute. The bill is likely to head to a conference committee that

TweetShareSharePin0 Shares Tax reform was front of mind for Oklahoma lawmakers during the 2022 legislative session, but major structural reforms didn’t cross the finish line. Those efforts, however, were not wasted, as they appear to be on the verge of paying off this year with a package of bills that would significantly improve Oklahoma’s competitiveness

TweetShareSharePin0 Shares As President Biden pointed out in his State of the Union address to raucous applause, “I think a lot of you at home agree with me that our present tax system is simply unfair.” Two often overlooked aspects of unfairness in our tax code are complexity and double taxation, which would be made