2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more
The first 2024 presidential debate on Thursday saw President Joe Biden and former President Donald Trump go head-to-head in Atlanta, Georgia, moderated by CNN.The two candidates sparred on everything from taxes to the national debt, highlighting crucial economic issues that are top of mind for entrepreneurs. Fox Business reported that U.S. stock futures were higher … Read more
The deadline for New Jersey lawmakers to pass a budget is June 30 and Democrats, who control the legislature, are in the process of passing their $56.6 billion budget agreement. After an onslaught of tax hikes were bandied about during the budget process, the deal reached by lawmakers and Gov. Murphy includes his proposed corporate … Read more
Markets assess Donald Trump was the victor in the first US presidential debate against Joe Biden on Thursday and investors are “already busy” re-evaluating their portfolios to align with the anticipated economic policies that a Trump administration might pursue. Following the head-to-head TV debate, online prediction market PredictIt showed Biden’s odds down to 39% from … Read more
Major pieces of the 2017 Tax Cuts and Jobs Act (TCJA) expire at the end of 2025, at which time taxes will increase by over $400 billion annually. While the TCJA improved the federal tax code, Congress and whoever the next president is should look to the states for ideas to make it even better. … Read more
Sources of Personal Income Tax Returns Data | Tax Foundation Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. returns. About 61 percent ($9.0 trillion) consisted of wages and salaries, and … Read more
This report was produced in partnership with Liberation in a Generation and co-authored by that organization’s Jeremie Greer, Emanuel Nieves, and Solana Rice. Read the full report here. Policies that provide corporate tax breaks and allow corporate tax avoidance exacerbate racial and income disparities in our economy. These policies limit revenue raised that could finance … Read more
New Jersey lawmakers are set to approve a tax hike on the largest companies doing business in the state, levying the highest corporate tax rate in the nation to help fund its cash-strapped public transportation system.Leaders in the Democratic-controlled Legislature have agreed to include the so-called corporate transit fee pitched earlier this year by Gov. … Read more
Artificial intelligence (AI) is one of the most innovative and disruptive technologies in recent decades. The AI market has expanded rapidly as more organizations recognize the value of leveraging big data to make intelligent business decisions and improve customer experiences.Moreover, the rise of large language models (LLMs) and generative AI platforms, such as Open AI’s … Read more
Joe Biden must raise income tax and cut pensions spending to slow the dangerous rise in the US national debt, the Organisation for Economic Cooperation and Development (OECD) has said.Corporate taxes also need to go up, economists suggest, while the US president needs to find a way to control spending on healthcare.Heavy borrowing and spending … Read more