The Bifurcated Burden: How US R&D Tax Policy Shapes American Innovation and Global Competitiveness

Within the intricate framework of the United States tax code, the treatment of research and development (R&D) expenditures serves as a critical determinant, influencing where, how, and indeed, whether American…

The Enduring Allure and Economic Realities of State Sales Tax Holidays

Sales tax holidays, those designated periods when select goods or services are temporarily exempted from state, and sometimes local, sales taxes, continue to demonstrate remarkable political popularity across the United…

2025 Trade War Timeline & Current US Tariff Policy

President Trump signed an executive order on January 20, 2025, initiating a new chapter in global trade policy by instructing key cabinet secretaries to develop comprehensive reports on prevailing trade…

Understanding the Long-Run Economic Impact of Tax Policy: A Deep Dive into GDP, GNP, Capital Stock, and Dynamic Scoring.

The Tax Foundation employs sophisticated economic modeling to project the long-run impact of proposed tax policies, a process known as comparative statics. This methodology essentially estimates what the current economic…

European Capital Allowance Policies: A Crucial Driver of Investment and Economic Growth

While often secondary in public discourse surrounding corporate taxation, capital allowances are fundamental to a nation’s corporate tax base and profoundly influence business investment decisions, carrying significant, far-reaching economic consequences.…

Capital Cost Recovery across the OECD

The global economic landscape is currently navigating a complex confluence of challenges, including persistent geopolitical tensions, recurrent supply chain disruptions, rising interest rates, and subdued economic growth across numerous developed…

The Evolving Tapestry of American Taxation: A 250-Year Journey of Federal Revenue and Policy

The United States federal tax system has undergone a profound transformation over the past two and a half centuries, mirroring the nation’s own evolution from a nascent republic to a…

North America at a Crossroads: The USMCA’s 2026 Sunset Review Threatens Trade Stability Amidst Calls for Extension

As the United States, Mexico, and Canada approach the pivotal first formal review deadline for the US-Mexico-Canada Agreement (USMCA) in July 2026, policymakers across the continent are confronted with a…

America’s 250th Anniversary Celebrations Highlight Enduring Legacy of Alcohol Taxation: A Deep Dive into Federal, State, and Local Levies

As the United States marked its monumental 250th anniversary with traditional Fourth of July festivities—fireworks, barbecues, and the clinking of cold beer bottles—the enduring presence of alcohol taxation underscored a…

William Reynolds Archer Jr., Influential Former Ways and Means Committee Chairman and Architect of Key Tax Reforms, Dies at 98

The Honorable William Reynolds Archer Jr., a towering figure in American tax policy and a dedicated public servant who chaired the powerful House Ways and Means Committee, passed away over…