Tax and Expenditure Policy
Recent Submissions
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Texas Tax Options
(2006)The State of Texas is contemplating sweeping changes in its revenue structure as part of a reform of the system of K-12 school finance in the state, with the main goal being a reduction in local school property taxes coupled ... -
Financial Integration and Cyclicality of Monetary Policy in Small Open Economies
(2007)Should countries follow counter-cyclical or pro-cyclical monetary policies? This paper documents that in contrast to developed economies, developing countries tend to follow pro-cyclical monetary policies. The paper then ... -
Consumption-Based Direct Taxes: A Guided Tour of the Amusement Park
(2007)Although consumption-based direct taxation has long been advocated in academic and policy circles, very few countries have actually implemented such taxes. This article provides an overview of alternative approaches to ... -
Should Electronic Commerce Be Subject to Preferential Tax Treatment?
(2007)This paper examines theoretical arguments supporting preferential sales tax treatment of electronic commerce, using a version of the standard optimal commodity tax model that includes distributional concerns, tax-exempt ... -
The Impact of H.R. 25 on Housing and the Homebuilding Industry
(2008)This report examines the macroeconomic and transitional effects of implementing a specific type of consumption tax reform—the national retail sales tax known as the FairTax, as specified in H.R. 25—with a focus on the ...
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