In testimony to the Texas House of Representatives Transportation Committee, fellow Gabriel Collins discusses how oil and gas activity is impacting state and county roads across Texas and offers recommendations on how to improve road quality and safety.
Fellow Joyce Beebe analyzes how changes to the exclusion limits for estate taxes passed under the 2017 tax reform will impact taxpayers and state and federal governments.
The author examines the impact of NAFTA renegotiations on established processes for trade disputes between investors and states; between states and states; and regarding unfair trade practices.
A numerical simulation of the macroeconomic effects of the House Republican Tax Reform plan, using the Diamond-Zodrow model, suggests that its net macroeconomic effects would be positive.
A study comparing the community benefit expenditures of two sets of Houston hospitals leads the authors to propose strategies that can better justify the tax exemptions the institutions enjoy.
Alex Alexander, Marah Short, Vivian HoFebruary 8, 2018
At least four states are currently considering a gross receipts tax (GRT) to improve revenues, yet Texas legislators have made attempts to repeal its franchise tax, a form of the GRT. Fellow Joyce Beebe examines this apparent conflict.
Many argue that sales and excise taxes are regressive based on the strict relationship between annual income and taxes paid, but the burden of higher sales taxes may actually fall more heavily on households with higher lifetime incomes.
In an economy with heterogeneous firms and heterogeneous consumers, the authors describe a general equilibrium where firm equity is priced by a supply and demand process. With a model robust to arbitrary, nonlinear tax functions, they investigate the efficiency of replacing the current U.S. tax regime with a policy of no corporate taxes and taxation of capital distributions to the household at progressive personal income tax rates.