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    <title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
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	<title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
	<link>https://taxfoundation.org/blog/</link>
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        <item>
      <title>Illinois’ New Social Media Tax Is a Shambles</title>
      <link>https://taxfoundation.org/blog/illinois-social-media-tax/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>June 4, 2026 18:49:52 +0000</pubDate>
      		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198077</guid>

            <description><![CDATA[Illinois plans to impose a complicated, legally fraught new social media tax based on a few pages of confused, contradictory, and almost laughably incomplete legislative text embedded in the new budget.]]></description>
      
      
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        <item>
      <title>The Real November Ballot Question: What Price Are Floridians Willing to Pay to “Save Their Homes?”</title>
      <link>https://taxfoundation.org/blog/florida-property-tax-proposal/</link>
      <dc:creator><![CDATA[Nicole Fox, Katherine Loughead]]></dc:creator>
      <pubDate>June 3, 2026 20:08:47 +0000</pubDate>
      		<category><![CDATA[Ron DeSantis]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198018</guid>

            <description><![CDATA[While a proposal to phase down property taxes on the primary residences of Florida homeowners may grab headlines, it risks severely undermining the competitiveness of Florida’s overall tax structure and leaving the state worse off.]]></description>
      
      
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        <item>
      <title>In Conversation with Chilean Finance Minister Jorge Quiroz: Reforming the Tax Code for Growth and Competitiveness</title>
      <link>https://taxfoundation.org/event/chile-tax-reform-growth-competitiveness/</link>
      <dc:creator><![CDATA[]]></dc:creator>
      <pubDate>June 3, 2026 19:38:18 +0000</pubDate>
      		<category><![CDATA[Chile]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=event&#038;p=198049</guid>

            <description><![CDATA[Join Tax Foundation’s Vice President of Global Tax Policy, Sean Bray, as he sits down with Chilean Finance Minister Jorge Quiroz for a candid conversation about what a recent tax reform plan aims to accomplish, why it matters, and what it means for Chile's place in the global economy. ]]></description>
      
      
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        <item>
      <title>Tax Prom 2026</title>
      <link>https://taxfoundation.org/event/tax-prom-2026/</link>
      <dc:creator><![CDATA[]]></dc:creator>
      <pubDate>June 3, 2026 13:44:44 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?post_type=event&#038;p=198031</guid>

            <description><![CDATA[For nearly 90 years, Tax Prom has been the must-attend event for the tax world’s best, brightest, and most influential. Join us on Thursday, November 19, in Washington, DC, and find out why Tax Prom is the tax policy community’s gala of the year.  ]]></description>
      
      
          </item>
        <item>
      <title>Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions</title>
      <link>https://taxfoundation.org/blog/high-tax-state-competitiveness/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>June 2, 2026 15:28:18 +0000</pubDate>
      		<category><![CDATA[Ballot Initiatives]]></category>
		<category><![CDATA[Millionaire Tax]]></category>
		<category><![CDATA[Millionaires and High Income Earners]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=198003</guid>

            <description><![CDATA[Policies that increase the tax burden on high earners makes states less competitive, increase revenue volatility, discourage investment, and risk accelerating outmigration of talent and capital. Many top-earners are already leaving high-tax states for Florida, North Carolina, and other low-tax jurisdictions.]]></description>
      
      
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        <item>
      <title>Financial Transaction Taxes in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/financial-transaction-taxes-europe/</link>
      <dc:creator><![CDATA[Alex Mengden]]></dc:creator>
      <pubDate>June 1, 2026 17:54:55 +0000</pubDate>
      		<category><![CDATA[Financial Transaction Tax (FTT)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=197978</guid>

            <description><![CDATA[Fourteen countries in Europe—Belgium, Finland, France, Greece, Hungary, Ireland, Italy, Malta, Poland, the Slovak Republic, Spain, Switzerland, Turkey, and the United Kingdom—currently levy a type of financial transaction tax.]]></description>
      
      
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        <item>
      <title>The Risks the Wealth Tax Advocates Are Ignoring</title>
      <link>https://taxfoundation.org/oped/california-wealth-tax/</link>
      <dc:creator><![CDATA[Daniel Bunn]]></dc:creator>
      <pubDate>June 1, 2026 16:39:39 +0000</pubDate>
      		<category><![CDATA[Migration]]></category>
		<category><![CDATA[Millionaire Tax]]></category>
		<category><![CDATA[Millionaires and High Income Earners]]></category>
		<category><![CDATA[Op-Ed]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[Tax Fairness]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=198039</guid>

            <description><![CDATA[Voters in California this fall will have to determine whether the state will institute a billionaire tax. Advocates of this proposal have been pushing for these kinds of money grabs for decades—and their arguments often run the same. The base is narrow, the lifespan is limited, the cause is sympathetic. ]]></description>
      
      
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        <item>
      <title>Don’t Blame the Messenger—the CBO—for Our Current Fiscal Problems</title>
      <link>https://taxfoundation.org/blog/cbo-federal-debt-projections/</link>
      <dc:creator><![CDATA[William McBride]]></dc:creator>
      <pubDate>May 29, 2026 16:13:34 +0000</pubDate>
      		<category><![CDATA[Congressional Budget Office (CBO)]]></category>
		<category><![CDATA[Debt and Interest Rates]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197972</guid>

            <description><![CDATA[Publicly held debt is projected to rise to a new record high of 106 percent of GDP within the next four years and continue to rise to 120 percent by 2036 and 175 percent by 2056.]]></description>
      
      
          </item>
        <item>
      <title>Without Reform, the EU Cannot Afford New Taxes</title>
      <link>https://taxfoundation.org/oped/europe-tax-reform/</link>
      <dc:creator><![CDATA[Sean Bray]]></dc:creator>
      <pubDate>May 27, 2026 15:48:09 +0000</pubDate>
      		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[EU Green Transition]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[Migration]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[Sources of Government Revenue]]></category>
		<category><![CDATA[Tax Burden]]></category>
		<category><![CDATA[Tax Fairness]]></category>
		<category><![CDATA[Wealth Tax]]></category>
		<category><![CDATA[Windfall Profits Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197947</guid>

            <description><![CDATA[Currently, the European Commission has plans to generate more tax revenue to fund the forthcoming MFF, the long-term budget running from 2028 to 2034. But the truth is, without serious reform, the EU isn’t ready for new taxation. ]]></description>
      
      
          </item>
        <item>
      <title>Mid-Year Movers and the California Wealth Tax</title>
      <link>https://taxfoundation.org/research/all/state/california-billionaire-wealth-tax-legal-challenges/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>May 26, 2026 20:02:08 +0000</pubDate>
      		<category><![CDATA[Ballot Initiatives]]></category>
		<category><![CDATA[Migration]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197920</guid>

            <description><![CDATA[If approved by voters, the wealth tax will face a flurry of serious legal challenges—some to its overall constitutionality, and some regarding who can be taxed and to what degree if the tax survives broader legal scrutiny. ]]></description>
      
      
          </item>
        <item>
      <title>Oregon’s Recycling and Extended Producer Responsibility Programs Experience Rocky Rollout</title>
      <link>https://taxfoundation.org/blog/oregon-recycling-extended-producer-responsibility-epr/</link>
      <dc:creator><![CDATA[Adam Hoffer, Jacob Macumber-Rosin]]></dc:creator>
      <pubDate>May 26, 2026 20:00:11 +0000</pubDate>
      		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[Plastic taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197928</guid>

            <description><![CDATA[Oregon’s Extended Producer Responsibility program to incentivize recycling does so with a complicated and unprincipled series of regulations, including confidentially determined tax rates on various materials derived from a revenue goal. ]]></description>
      
      
          </item>
        <item>
      <title>Illinois Proposes Fixing Alcohol Taxes by Breaking Them Again</title>
      <link>https://taxfoundation.org/blog/illinois-alcohol-tax/</link>
      <dc:creator><![CDATA[Jacob Macumber-Rosin, Adam Hoffer]]></dc:creator>
      <pubDate>May 26, 2026 15:22:50 +0000</pubDate>
      		<category><![CDATA[Beer Taxes]]></category>
		<category><![CDATA[Distilled Spirits Taxes]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[Wine Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197914</guid>

            <description><![CDATA[Alcohol taxes in Illinois have been broken for decades, and the state is now considering a “fix” that moves policy in the wrong direction.]]></description>
      
      
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      <title>Distilled Spirits Taxes by State, 2026</title>
      <link>https://taxfoundation.org/data/all/state/distilled-spirits-taxes/</link>
      <dc:creator><![CDATA[Jacob Macumber-Rosin, Adam Hoffer]]></dc:creator>
      <pubDate>May 22, 2026 08:55:54 +0000</pubDate>
      		<category><![CDATA[Distilled Spirits Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=187784</guid>

            <description><![CDATA[The significant disparity in tax rates across states underscores the complex tax and regulatory environment governing distilled spirits. ]]></description>
      
      
          </item>
        <item>
      <title>Competitive Corporate Tax Policy Is Essential for European Economic Growth</title>
      <link>https://taxfoundation.org/research/all/eu/european-economic-growth-investment-tax-policy/</link>
      <dc:creator><![CDATA[Michael Christl, Alex Mengden, Sean Bray, Monika Köppl-Turyna]]></dc:creator>
      <pubDate>May 21, 2026 08:55:32 +0000</pubDate>
      		<category><![CDATA[Business in Europe: Framework for Income Taxation (BEFIT)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[European Tax Policy Scorecard]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197812</guid>

            <description><![CDATA[Debates over tax fairness and anti-avoidance rules have dominated European tax policy circles for over a decade. However, as geoeconomic pressures increase around the world, policymakers are looking for ways to boost European competitiveness and economic growth. ]]></description>
      
      
          </item>
        <item>
      <title>We Already Have a Windfall Profits Tax. It’s Called the Corporate Income Tax.</title>
      <link>https://taxfoundation.org/blog/big-oil-profits-tax-windfall-profits-tax/</link>
      <dc:creator><![CDATA[Alex Muresianu]]></dc:creator>
      <pubDate>May 20, 2026 16:13:15 +0000</pubDate>
      		<category><![CDATA[Windfall Profits Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197827</guid>

            <description><![CDATA[Military action around the Strait of Hormuz has increased global oil prices. In response, policymakers around the world have put forward proposals targeting oil and gas producers who are seeing profits increase in the short run from the spike in prices. ]]></description>
      
      
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        <item>
      <title>Tax Trigger Happy: Design Hits and Misses in Georgia, South Carolina, and West Virginia</title>
      <link>https://taxfoundation.org/blog/state-tax-revenue-budget-income-tax-triggers/</link>
      <dc:creator><![CDATA[Janelle Fritts]]></dc:creator>
      <pubDate>May 20, 2026 15:37:54 +0000</pubDate>
      		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197819</guid>

            <description><![CDATA[A well-designed tax trigger can be a highly valuable tool for lawmakers seeking both tax reform and revenue stability. States should embrace established baselines adjusted for inflation, use collections instead of projections as benchmarks, and prioritize contributions to their rainy day funds.]]></description>
      
      
          </item>
        <item>
      <title>The Abandoned Goal of Revenue Neutrality</title>
      <link>https://taxfoundation.org/oped/tax-reform-revenue-neutrality/</link>
      <dc:creator><![CDATA[Daniel Bunn]]></dc:creator>
      <pubDate>May 20, 2026 14:13:48 +0000</pubDate>
      		<category><![CDATA[Congressional Budget Office (CBO)]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Debt and Interest Rates]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Federal Budget and Spending]]></category>
		<category><![CDATA[Inflation Reduction Act (IRA)]]></category>
		<category><![CDATA[Medicare]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[Social Security]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
		<category><![CDATA[Tax Fairness]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197906</guid>

            <description><![CDATA[Revenue-neutral proposals, like many things in politics, have become a relic of the past. ]]></description>
      
      
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        <item>
      <title>Arkansas Cuts Income Tax Rates for the Fourth Time in Four Years</title>
      <link>https://taxfoundation.org/blog/arkansas-income-tax-cut-rates/</link>
      <dc:creator><![CDATA[Nicole Fox]]></dc:creator>
      <pubDate>May 18, 2026 17:06:24 +0000</pubDate>
      		<category><![CDATA[Migration]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197786</guid>

            <description><![CDATA[During a recent special session called by Gov. Sarah Huckabee Sanders (R), Arkansas policymakers cut the state’s top individual and corporate income tax rates, continuing Arkansas’s years-long tax reform streak and making the Razorback State one of five states to cut income taxes so far in 2026.]]></description>
      
      
          </item>
        <item>
      <title>Net Operating Loss Carryforward and Carryback Provisions in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/net-operating-loss-tax-europe/</link>
      <dc:creator><![CDATA[Alex Mengden]]></dc:creator>
      <pubDate>May 18, 2026 08:55:59 +0000</pubDate>
      		<category><![CDATA[Net Operating Losses (NOLs)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=187438</guid>

            <description><![CDATA[Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.]]></description>
      
      
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      <title>Federal Gas Tax Holiday? Suspending the Gas Tax Is a Mistake</title>
      <link>https://taxfoundation.org/blog/suspending-gas-tax/</link>
      <dc:creator><![CDATA[Alex Muresianu]]></dc:creator>
      <pubDate>May 13, 2026 20:49:20 +0000</pubDate>
      		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Inflation-Indexing]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/blog/suspending-gas-tax/</guid>

            <description><![CDATA[In response to surging gas prices, President Trump and several lawmakers have proposed suspending the federal gas tax via a gas tax holiday. Gas tax holidays have appeal across the political aisle, but suspending the federal gas tax is a uniquely ill-suited policy for addressing rising prices.]]></description>
      
      
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