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Treasury Department Archive

A Shut Down Over Shots?

TweetShareSharePin0 Shares A government shutdown, at least for weekend, seems increasingly likely.  Congress needs to act quickly to avoid a shutdown tomorrow night. But roadblocks keep appearing. Some Senate Republicans insist they’ll block any continuing resolution that includes funding to enforce vaccine mandates—a non-starter for Democrats. And the two parties are at odds over the

Comparing Consumption Tax Systems in Europe, 2021

TweetShareSharePin0 Shares Today we examine how European countries rank on consumption taxes, continuing our map series on our recently published 2020 International Tax Competitiveness Index (ITCI). The ITCI measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems, looking at corporate income taxes, individual taxes, consumption taxes, property taxes, and the

Cigarette Taxes and Cigarette Smuggling

TweetShareSharePin0 Shares Key Findings: Excessive tax rates on cigarettes in some states induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources. New York has the highest inbound smuggling activity, with an estimated 52.2 percent of cigarettes consumed in the state deriving from smuggled sources in

Trump-Biden Tariffs Hurt Domestic Manufacturing

TweetShareSharePin0 Shares Boosting American industry is a policy objective shared by many lawmakers and is a key issue at debate in the Build Back Better Act as well as other year-end legislation. Missing from the debates is how the tariffs put in place by the Trump administration, and largely maintained by the Biden administration, are

Still Working On A Stopgap Funding Bill

TweetShareSharePin0 Shares Stop gap funding bill vote today? House Democratic leaders still are trying to assemble a continuing resolution in time for a vote as early as today. The stopgap funding bill would keep the government open into at least mid-January. But most Republicans, who instead want bipartisan agreement on specific agency funding levels, may

Could Tax Incentives Help Recruit and Retain Teachers?

TweetShareSharePin0 Shares In November, our children’s high school principal announced he’ll retire at the end of the year, after 16 years of service. I was shocked, but shouldn’t have been. After nearly two years of chronic upheaval and conflict in public education as a result of the COVID-19 pandemic, I can only imagine how attractive

Another Shutdown Countdown | Tax Policy Center

TweetShareSharePin0 Shares Looking to keep the federal government running into January. With the government due to shut down at midnight Friday absent congressional action, House Democrats are drafting a bill to keep the doors open until January. The plan would give lawmakers some space to deal with the looming debt limit and the fate of

Aligning Kentucky’s Tax Code for Growth

TweetShareSharePin0 Shares Executive Summary Overview Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018, the General Assembly made important strides in creating a more neutral, pro-growth tax structure even while generating a net increase in revenue. With its

All Eyes On The Senate

TweetShareSharePin0 Shares The Senate returns this week with a long to-do list. The Senate first will consider an annual defense bill, then measures to prevent a government shut down and a debt limit breach. Later in December it will address—and certainly change—the House-passed Build Back Better Act (BBB). Will Congress get all of this done
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