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We did the math right at Tax Foundation, including producing a dynamic score of the tax provisions. The House bill as written unambiguously increases deficits.

A tax preference originally designed to level the playing field now has the opposite effect, creating preferences for one class of financial institutions even though the distinctions between credit unions and banks are increasingly blurred. hubs.ly/Q03pvJD50

How do taxes in your state compare regionally and nationally? Facts and Figures, a resource we’ve provided to US taxpayers and legislators since 1941, serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens,

In the United States, individual income taxes (federal, state, and local) are the primary source of tax revenue, followed by social insurance taxes (including payroll taxes for Social Security and Medicare), consumption taxes, property taxes, and corporate income taxes. Read

The one big beautiful bill goes in the right direction in many ways but it's less pro-growth than TCJA (0.8% long run GDP impact vs. 1.7% in our original analysis) and adds more to deficits (0.5% of GDP on dynamic basis over budget window vs. 0.2%). Should boost growth/cut costs.

Updated tariff estimates from Tax Foundation explore what happens if all the IEEPA tariffs are ultimately ruled illegal ➡️10-year revenue drops by $1.4 trillion to $533 billion ➡️GDP hit falls from 0.7% to 0.1% ➡️Average tax increase drops from $1,155 to $275

On 1 June, Polish voters will head to the polls to vote in the second round of the presidential election. The question for the presidential candidates is how the government can more efficiently raise revenue without negatively affecting economic growth. More here:

While it would be more expensive than just a fix, and, on the margin, Congress should be looking for pay-fors rather than more tax cuts, full CAMT repeal may be much less expensive than previously thought. hubs.ly/Q03pY_l70

Florida’s latest property tax debate highlights the familiar challenge of prioritizing pro-growth tax policy while tackling rising property tax burdens. hubs.ly/Q03pZ0Gl0

The one big beautiful bill takes a hatchet to the IRA credits but leaves fully intact the IRA's corporate alternative minimum tax, the most dysfunctional part of the IRA. Senate should make the CAMT less bad or scrap it all together. See new analysis by Alex Muresianu.

It’s been a whirlwind 24 hours in tariff news: first, a trade court blocked Trump’s sweeping new tariffs, calling them executive overreach. Then, a federal appeals court reinstated them—at least for now. hubs.ly/Q03q0Hpy0

By failing to make the most pro-growth policies like full expensing permanent, lawmakers are missing an opportunity to DOUBLE the bill’s economic growth impact.

reminder: the much milder metals tariffs in Trump’s first term boosted metals production by $2.8 billion annually, but higher metals prices reduced output in downstream industries (manufacturing, construction, etc) by $3.4 billion annually. that’s a net loss in production.

Oregon's H.B. 2092, which passed the House and is now in the Senate, proposes to “temporarily disconnect from the automatic, rolling connection to the federal law definition of taxable income.” Our analysis: hubs.ly/Q03pPMZ30 #oregon

The EV fee in the reconciliation package would help the fiscal situation but would overcorrect the hole in the gas tax base EVs create. hubs.ly/Q03pY_j_0

62 percent of filers across the US would face a tax increase at the end of this year. hubs.ly/Q03pZ0GC0

Despite its populist allure, exempting tips, overtime, and bonuses from taxation is a flawed idea that undermines economic fairness, distorts labor markets, and jeopardizes tax revenues. More here: hubs.ly/Q03pZ3mf0 #notaxontips

More than 140 countries have already agreed to a set of rules for a 15 percent global minimum tax, as part of the 2021 global tax agreement coordinated by the OECD. Explore the data: hubs.ly/Q03pZ2Gn0 #corporatetax #pillartwo