taxpolicy
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New Evidence on E-Cigarette Taxes Highlights Competing Benefits and Pitfalls
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Cigarette use in the United States has been on a consistent downward trend in recent decades, dropping from 20.9% to 12.5% between 2005 and 2020. However, the rising popularity of electronic cigarettes (E-cigarettes) has counteracted this reduction in tobacco use. This trend has been particularly prominent among adolescents. Between 2011…
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Breaking Down Biden’s “Billionaire Tax”
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In February’s State of the Union Address, the economy took center stage with the arrival of President Biden’s federal budget proposal. At a time of soaring deficit, what was the President’s plan to lower the federal deficit? Raise taxes on the uber-wealthy. Calling attention to the 15% corporate minimum tax…
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The Future of the Child Tax Credit
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After months of negotiations, Sen. Joe Manchin announced he would not support the $1.7 trillion Build Back Better Act — legislation that would make historically unparalleled investments in clean energy, health care, and a wide range of social programs. Effectively preventing its passage in the Senate, Manchin objected to the…