Research Library

Public finance fellow Joyce Beebe explores California’s tax voucher program, which, if implemented, would offer Californians the option of paying state taxes ahead of time at a discount, allowing the state to collect money up front to build an economic recovery fund. Baker Institute Blog: https://bit.ly/3f75eGm

In late July, Texas Comptroller Glenn Hegar delivered a bleak economic outlook for the state’s economy: the amount of general revenue funds available for the current biennium is expected to be $11.5 billion less than originally estimated. Should the state tap into its rainy day fund to offset the impact of the coronavirus pandemic and facilitate a stable recovery?

Public finance fellow Joyce Beebe examines a new approach that states have been exploring to secure additional revenue during the Covid-19 pandemic — imposing excise taxes on sports betting and daily fantasy sports. Baker Institute Blog: https://bit.ly/3jNT85Z

Rather than offer a forecast that may overstate or understate Covid-19's impact on the U.S. and global economy, the authors highlight what to look for as the pandemic progresses, recedes or oscillates.

Political partisanship is strongly influencing the United States’ response to Covid-19, potentially leading to a suboptimal balance between reopening the economy and protecting public health. Read more at the Baker Institute Blog.

The authors discuss a U.S. House proposal to repeal the cap on the state and local tax deduction and why that would be a mistake, especially given the pandemic and the policy responses that should be enacted. Baker Institute Blog: https://bit.ly/3e3qHix

Even before the pandemic, Mexico’s health care system was in crisis, with shortages of medical supplies, drugs, and personnel. A president that is downplaying the outbreak, brandishing amulets to “protect” him from the virus, isn’t helping matters. Baker Institute blog: https://bit.ly/2w6KJHV

Despite the Trump administration sentiment that the U.S. partner with Saudi Arabia in a joint oil alliance, such an approach is unlikely to be successful, write energy fellows Jim Krane and Mark Finley. Forbes blog: https://bit.ly/2WUa6rb

How might the impending national debt crisis play out in the foreseeable future? Jorge Barro explains in the Baker Institute Blog.

Fellow Joyce Beebe evaluates a provision of the newly passed SECURE Act, which offers an option for penalty-free withdrawal from IRAs and 401(k)s for new parents. She also discusses Congress’s recent decision to grant 2.1 million federal workers up to 12 weeks paid parental leave. Baker Institute Blog: http://bit.ly/2RZIIUJ