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1 month ago | 
taxfoundation.org | Milly Higgs
Trump's reciprocal tariff calculations draw its estimates from bilateral trade deficits in goods, a fundamentally flawed method.
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1 month ago | 
taxfoundation.org | Kyle Hulehan
Tariffs raise prices and lower living standards and production, even if people switch to buying American. See tariffs long-term economic harm
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1 month ago | 
taxfoundation.org | Kyle Hulehan
As we learned in the first trade war, US tariffs and retaliation harms US exporters by acting like a tax on US exports, including US Whiskey.
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2 months ago | 
taxfoundation.org
New Jersey has the highest effective property tax rate , followed by Illinois and Connecticut. Compare property taxes by county and state.
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2 months ago | 
taxfoundation.org | Milly Higgs
The Trump administration is floating reciprocal tariffs on the EU, with a new policy grievance, the VAT. See more on Trump tariffs and VATs.
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Feb 4, 2025 | 
taxfoundation.org
California has the highest state sales tax rate at 7.25 percent, followed by Indiana, Mississippi, Rhode Island, and Tennessee at 7 percent.
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Jan 22, 2025 | 
taxfoundation.org | Kyle Hulehan
This week, the incoming Trump administration issued a day-one executive order on the global minimum 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. agreement known as Pillar Two, which seeks to ensure multinational corporations pay at least 15 percent in income tax.
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Jan 22, 2025 | 
taxfoundation.org
Experts are tracking the economic impact of the Trump trade war, including the initial Trump tariffs and proposed Trump tariffs. See more.
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Jan 21, 2025 | 
taxfoundation.org | Adam J. Hoffer |Milly Higgs
Growing pressure for fiscal reforms in Mexico, paired with global health organizations pushing countries to refine their excise taxes, resulted in a new proposal that would overhaul the way Mexico taxes alcohol. The new system—a modernized Special 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.
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Jan 14, 2025 | 
taxfoundation.org | Erica York |Alex Durante |Garrett Watson |William McBride |William Mcbride
Note: “The Sustainability of U.S. Debt and Potential Reforms: Fiscal Rules, Spending and Taxes, and a Fiscal Commission,” which has been published in final form in Public Budgeting & Finance at https://doi.org/10.1111/pbaf.12381. This article may be used for non-commercial purposes in accordance with the Wiley Self-Archiving Policy (http://www.wileyauthors.com/self-archiving).