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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>
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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>
      
      
          </item>
        <item>
      <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>
      
      
          </item>
        <item>
      <title>New Taxes on Nicotine Pouches in the EU Could Hamper Health Goals</title>
      <link>https://taxfoundation.org/blog/nicotine-tax-eu/</link>
      <dc:creator><![CDATA[Adam Hoffer, Jacob Macumber-Rosin]]></dc:creator>
      <pubDate>May 13, 2026 20:22:38 +0000</pubDate>
      		<category><![CDATA[E-Cigarette and Vaping Taxes]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197754</guid>

            <description><![CDATA[Academic research has continually found that making alternative nicotine products to cigarettes more expensive results in fewer smokers switching to less harmful products.]]></description>
      
      
          </item>
        <item>
      <title>State and Local Tax Collections Per Capita by State, 2026</title>
      <link>https://taxfoundation.org/data/all/state/state-local-tax-collections-per-capita/</link>
      <dc:creator><![CDATA[Nicole Fox]]></dc:creator>
      <pubDate>May 11, 2026 19:15:50 +0000</pubDate>
      		<category><![CDATA[Local Income Taxes]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[Sources of Government Revenue]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=187075</guid>

            <description><![CDATA[Tax collections vary widely by state, making per capita collections figures—a measure of collections per person—especially useful, as they allow comparisons across differences in tax rates and bases, economic capacities, and policy decisions that impact the size and scope of government.]]></description>
      
      
          </item>
        <item>
      <title>Renting a Car? Half Your Bill May Be Taxes and Fees</title>
      <link>https://taxfoundation.org/blog/rental-car-taxes-fees/</link>
      <dc:creator><![CDATA[Adam Hoffer, Jacob Macumber-Rosin]]></dc:creator>
      <pubDate>May 11, 2026 16:47:09 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?p=197701</guid>

            <description><![CDATA[Rental cars are some of the most heavily taxed transactions in the US. Rather than levying additional taxes on rental cars by trying to export the tax burden to nonresidents, municipalities should enact principled, neutral transportation tax policy that is unlikely to discourage visitors, tourists, and other economic activity.]]></description>
      
      
          </item>
        <item>
      <title>Louisiana and Oklahoma Propose a More Principled Tax on Moist Snuff Tobacco</title>
      <link>https://taxfoundation.org/blog/oklahoma-tobacco-tax-proposal/</link>
      <dc:creator><![CDATA[Adam Hoffer, Jacob Macumber-Rosin]]></dc:creator>
      <pubDate>May 8, 2026 17:01:52 +0000</pubDate>
      		<category><![CDATA[E-Cigarette and Vaping Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197292</guid>

            <description><![CDATA[Two bills in Oklahoma and Louisiana shift towards a weight-based system for taxing moist snuff tobacco (MST), a policy that ensures neutral taxation across products and less revenue volatility. ]]></description>
      
      
          </item>
        <item>
      <title>Testimony: A High-Earner Surtax Would Hurt Rhode Island&#8217;s Small Businesses</title>
      <link>https://taxfoundation.org/testimony/rhode-island-high-earner-surtax-small-businesses/</link>
      <dc:creator><![CDATA[Katherine Loughead]]></dc:creator>
      <pubDate>May 7, 2026 20:58:17 +0000</pubDate>
      		<category><![CDATA[Pass-Through Businesses]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=testimony&#038;p=197686</guid>

            <description><![CDATA[The economic literature overwhelmingly finds that an income tax increase of this magnitude would negatively affect economic growth and opportunity in Rhode Island.]]></description>
      
      
          </item>
        <item>
      <title>How Well Do Carbon Taxes Match Their Promise? Evidence from 2023</title>
      <link>https://taxfoundation.org/research/all/federal/carbon-tax-rankings-design-administration/</link>
      <dc:creator><![CDATA[Alex Muresianu]]></dc:creator>
      <pubDate>May 7, 2026 08:55:58 +0000</pubDate>
      		<category><![CDATA[Cap-and-Trade]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197601</guid>

            <description><![CDATA[The carbon tax is often considered the ideal climate policy. However, existing carbon taxes do not match the ideal theoretical policy. More than two dozen carbon taxes exist in the world today, and they vary widely in terms of design. ]]></description>
      
      
          </item>
        <item>
      <title>Minnesota Should Learn from Europe: Wealth Taxes Are a Failed Experiment</title>
      <link>https://taxfoundation.org/blog/minnesota-wealth-tax/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>May 6, 2026 16:28:32 +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[Tangible Personal Property (TPP) Taxes]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197592</guid>

            <description><![CDATA[A new bill introduced in the Minnesota House seeks to tax non-real assets, imposing an annual tax of 1 percent on “taxable wealth” exceeding $10 million for individuals and trusts from tax year 2026 onward.]]></description>
      
      
          </item>
        <item>
      <title>Tracking the Impact of the Trump Tariffs &#038; Trade War</title>
      <link>https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/</link>
      <dc:creator><![CDATA[Erica York, Alex Durante]]></dc:creator>
      <pubDate>May 5, 2026 15:51:24 +0000</pubDate>
      		<category><![CDATA[2024 Election]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Joe Biden]]></category>
		<category><![CDATA[Manufacturing]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/research/all/tariffs-trump-trade-war/</guid>

            <description><![CDATA[The Trump tariffs have not meaningfully altered the trade balance and amount to an average tax increase per US household of $700 in 2026.]]></description>
      
      
          </item>
        <item>
      <title>Digital Services Taxes in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>May 4, 2026 16:15:53 +0000</pubDate>
      		<category><![CDATA[Base Erosion and Profit Shifting (BEPS)]]></category>
		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[OECD]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=186757</guid>

            <description><![CDATA[Currently, about half of all European OECD countries have either announced, proposed, or implemented a digital services tax. Because these taxes mainly impact US companies and are thus perceived as discriminatory, the US responded with retaliatory tariff threats.]]></description>
      
      
          </item>
        <item>
      <title>No, Tariffs Are Not Strengthening the Economy</title>
      <link>https://taxfoundation.org/oped/trump-tariffs-economy/</link>
      <dc:creator><![CDATA[Alex Durante]]></dc:creator>
      <pubDate>May 1, 2026 14:44:23 +0000</pubDate>
      		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Foreign Direct Investment (FDI)]]></category>
		<category><![CDATA[Manufacturing]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197504</guid>

            <description><![CDATA[Testifying to Congress, United States Trade Representative Jamieson Greer argued that “President Trump’s trade policy is working.” The data present a different picture: President Trump’s trade agenda is actually holding back the economy.]]></description>
      
      
          </item>
        <item>
      <title>The State Race for Wealth Taxes Will Fail. Just Ask Europe.</title>
      <link>https://taxfoundation.org/oped/state-wealth-millionaire-tax/</link>
      <dc:creator><![CDATA[Daniel Bunn]]></dc:creator>
      <pubDate>April 30, 2026 15:01:36 +0000</pubDate>
      		<category><![CDATA[Tax Fairness]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197748</guid>

            <description><![CDATA[From coast to coast, lawmakers are embracing wealth and millionaires’ taxes. Many of these proposals will face their ultimate test at the ballot box this November, and we should be rooting for these measures to fail. ]]></description>
      
      
          </item>
        <item>
      <title>Can Tax Reform Solve the Debt Problem—or Just Slow It?</title>
      <link>https://taxfoundation.org/research/all/federal/can-tax-increases-fix-the-national-debt/</link>
      <dc:creator><![CDATA[William McBride]]></dc:creator>
      <pubDate>April 30, 2026 08:55:05 +0000</pubDate>
      		<category><![CDATA[Bernie Sanders]]></category>
		<category><![CDATA[Congressional Budget Office (CBO)]]></category>
		<category><![CDATA[Debt and Interest Rates]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Elizabeth Warren]]></category>
		<category><![CDATA[Federal Budget and Spending]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Joe Biden]]></category>
		<category><![CDATA[Kamala Harris]]></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[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197393</guid>

            <description><![CDATA[This study simulates several large tax increases and consistently finds that even tax increases large enough to close the primary deficit in the near term will lose ground over time and fail to put the debt on a sustainable course. ]]></description>
      
      
          </item>
        <item>
      <title>Is America Financially Illiterate? The Numbers Are Alarming</title>
      <link>https://taxfoundation.org/podcast/all/america-financial-literacy/</link>
      <dc:creator><![CDATA[Zoe Callaway, Kyle Hulehan, Dan Carvajal]]></dc:creator>
      <pubDate>April 29, 2026 14:20:09 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?post_type=podcast&#038;p=197384</guid>

            <description><![CDATA[Most Americans don't understand how the tax code works, and it's costing them.]]></description>
      
      
          </item>
        <item>
      <title>Shifting Germany’s Tax Burden from Labor to Consumption Requires a Broad VAT Base</title>
      <link>https://taxfoundation.org/blog/germany-tax-burden-labor-consumption-vat/</link>
      <dc:creator><![CDATA[Alex Mengden]]></dc:creator>
      <pubDate>April 29, 2026 10:00:08 +0000</pubDate>
      		<category><![CDATA[Base Erosion and Profit Shifting (BEPS)]]></category>
		<category><![CDATA[Tax Burden]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197371</guid>

            <description><![CDATA[Shifting Germany’s tax mix away from labor to consumption remains a sound policy route to strengthen the country’s labor supply, but further eroding the VAT base with preferential rates for selected goods and services would counteract this goal by depleting the extra revenue for labor tax cuts while providing less-targeted relief for low-income households.]]></description>
      
      
          </item>
        <item>
      <title>Minnesota Should Not Pay for Bad Tax Policy with More Bad Tax Policy</title>
      <link>https://taxfoundation.org/blog/minnesota-income-tax-tips-overtime-exemption/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>April 27, 2026 18:07:16 +0000</pubDate>
      		<category><![CDATA[Child Tax Credit (CTC)]]></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=197336</guid>

            <description><![CDATA[A pair of bills introduced in the Minnesota House—HF 3954 (overtime) and HF 3955 (tips)—would further erode the state’s tax climate by exempting certain overtime pay and tip income from Minnesota’s income tax.]]></description>
      
      
          </item>
        <item>
      <title>Testimony: Illinois “Millionaire’s Tax” Would Hurt Small Businesses, Exacerbate Outmigration</title>
      <link>https://taxfoundation.org/testimony/illinois-millionaire-tax/</link>
      <dc:creator><![CDATA[Katherine Loughead]]></dc:creator>
      <pubDate>April 24, 2026 14:39:06 +0000</pubDate>
      		<category><![CDATA[Flat Taxes]]></category>
		<category><![CDATA[Migration]]></category>
		<category><![CDATA[Millionaire Tax]]></category>
		<category><![CDATA[Millionaires and High Income Earners]]></category>
		<category><![CDATA[Pass-Through Businesses]]></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=testimony&#038;p=197329</guid>

            <description><![CDATA[Illinois' proposed Millionaire's Tax would raise taxes on Illinois families and businesses in an economically damaging way, further harming the state’s competitiveness and reducing economic opportunity even for those Illinois residents who would not owe the tax directly.]]></description>
      
      
          </item>
        <item>
      <title>California’s Mandatory Worldwide Combined Reporting Proposal Is a Mistake</title>
      <link>https://taxfoundation.org/blog/california-worldwide-combined-reporting-proposal/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>April 21, 2026 20:12:12 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?p=197285</guid>

            <description><![CDATA[California lawmakers are considering mandating worldwide combined reporting, bringing back a policy the state abandoned in the 1980s due to strong pushback from international trading partners and the federal government. The policy failed to work as intended then and doesn’t make any better sense now.]]></description>
      
      
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