Inside Sources: Solar and Wind Have Outgrown Their Tax Credit Allowance

Faced with little work and unaffordable rent, countless millennials bit the bullet and moved back home with their parents during the pandemic. Temporary solutions—however awkward—are sometimes necessary. The Democrats’ reconciliation bill, however, is set to make America’s longest ‘temporary solution’ more permanent and more expensive. This commentary was published in Inside Sources and is available […]

Town Hall: Slamming Vaping Products with Taxes Is Regressive and Counterproductive to Public Health

In an effort to find new ways to pay for the proposed $1.75 trillion “Build Back Better” package, the House Democrats added a “nicotine tax” on tobacco products including e-cigarettes in their latest 2,135-page version of the bill. Unfortunately, there is nothing innovative about this amendment. There have been multiple attempts at federal and state levels in […]

Townhall: Build Back Better Promises Economic Recovery – But at What Cost?

The short- and long-term ramifications of the Build Back Better Act’s provisions are worrisome. The ambitious intent to create jobs and lower costs for working families, if enacted, would be overshadowed by the long-term burdens American consumers and the economy would be subjected to. This op-ed is available at the Townhall.

Inside Sources: STEP Act is a Step in the Wrong Direction

While the STEP Act is driven by populist desires to tax the rich and ensure the wealthy pay their fair share, Congress should perhaps first consider whom the proposals hurt and whom they benefit. While the measure will undoubtedly raise revenues for the federal government, the bill’s ramifications will undoubtedly hurt the wider economy, with […]

E-Cigarette Taxes Keep Smokers Smoking

The Tobacco Tax Equity Act of 2021 (TTEA) was introduced at the end of April in both Houses of Congress by U.S. Senators Dick Durbin (D-IL).Ron Wyden (D-OR), and Representative Raja Krishnamoorthi (IL-D-08). If passed, the bill would establish new tax rates on both e-cigarette and tobacco products potentially causing an increase in the smoking […]

The Hill: Rich Nations Benefit, But Poor Suffer From Tax Scheme

As the Organization for Economic Co-operation and Development (OECD) works to reach a consensus on establishing a global minimum corporate tax rate, the administration is making its voice heard. Last month, the U.S. shook up global tax negotiations by proposing a hefty rate of 21 percent, a figure which is significantly higher than the 12.5 percent rate previously discussed at the […]

The Economic Standard: EV Subsidies are a Renewable Waste

As part of his recently released infrastructure plan, President Joe Biden has vowed to overhaul the American electric vehicle (EV) industry with $174 billion worth of spending. But in his rush to spread the cash around, President Biden appears to be doubling down on environmentally inefficient and socially regressive initiatives. Rather than wasting taxpayer money […]

Coalition Letter Calls for Pro-Growth Tax Policy

ACI and twenty-two other public policy organizations sent a letter to Capitol Hill calling for a number of tax relief measures that will aid in America’s economic recovery from the COVID-19 pandemic. We state that “pro-growth tax policy that boosts GDP, jobs, and wages should be a legislative priority at any time but has taken […]

Real Clear Energy: Unplug Tesla Tax on the Poor

Nonetheless, forcing lower income taxpayers and energy ratepayers to fund the rollout of EV charging stations constitutes a Tesla tax on the less-wealthy. When Marie Antoinette was told that the poor could not afford bread, she reportedly said to “let them eat cake.” For Americans who are struggling in the wake of the pandemic, House […]

OECD Minimum Tax Rate Hurts the U.S. Economy

Last year, the Organization for Economic Cooperation and Development (OECD) announced its two-pillar proposal to pursue the goals of transferring tax rights between nations, targeting profits of larger companies and multinational corporations, and instituting a cross-border minimum tax rate. The G-20 is gearing up for a meeting to discuss the first pillar of placing a […]