Research Library

In this working paper, the author examines the economic effects of enacting a proposal by the Biden administration to tax long term capital gains at ordinary income tax rates for those with taxable income above $1 million and tax unrealized gains at the time of death for single (joint) filers with more than $1 million ($2 million) in unrealized gains. A similar version of the report was prepared with the financial support of the Center for Freedom and Prosperity Foundation.

The Biden administration claims the oil market is undersupplied. OPEC, market watchers, and even Biden’s own Energy Information Administration disagree. What do the numbers say?

Millions of undocumented immigrants have lived in the U.S. for decades and become part of America's fabric. This brief makes the case for prioritizing their legalization — and shows how it can be done.

Some states still face challenges with racial and ethnic disparities in COVID-19 vaccine distribution, and Texas is one of them. How might we avoid these inequities in the future?  The authors explain in the Baker Institute Blog.

President Biden has an opportunity, the author argues, to resurrect the Deferred Action for Parents of Americans and Lawful Permanent Residents (DAPA) program and provide a pathway to legal status for millions of undocumented parents of U.S. citizens and legal permanent residents. This report explores the potential of the DAPA program to impact immigrant families and policy avenues toward its passage.

The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to an open policy discussion about current minimum wage standards. In a post for the Baker Institute Blog, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments.

With the rise of online trading and over 10 million new retail brokerage accounts added in 2020, are new traders ready for the associated capital gains tax rules? Public finance fellow Joyce Beebe explains some key tax considerations on the Baker Institute Blog: bit.ly/3vDeXfD

What are Mexico's prospects for immigration, trade and more, after President Andrés Manuel López Obrador's virtual meeting with President Biden? "Mexico will have to do some heavy lifting," predicts Tony Payan, director of the Center for the United States and Mexico.

Two federal income tax incentives for business investment are scheduled to end after 2021 and 2022, just as the small business sector will be recovering from the economic downturn of the COVID-19 pandemic. In this policy brief, Jennifer Rabb and Lisa Lin of the McNair Center propose that Congress, under the leadership of the new Biden administration, should extend these tax incentives to bolster the recovery of small businesses.

Jose Ivan Rodriguez-Sanchez, the postdoctoral research fellow in international trade for the Center for the U.S. and Mexico, analyzes the economic impact of COVID-19 travel restrictions on the tourism industry of Texas border counties, many of which depend on Mexicans entering the U.S. and spending billions of dollars each year.