In the article below, “How Tax Reform Came About,” Dr. Joseph J. Minarik provides historical context for the Tax Reform Act of 1986.
Due to a Supreme Court decision, states can only require stores that have a physical presence in that state to collect state sales taxes. Importantly, these taxes are already owed by consumers under existing state ‘use tax’ laws, but are not being collected by the e-retailer. With the growth in online purchasing, states annually lose $24 billion in revenues. S. 336 would allow states to require e-retailers, as they do brick and mortar retailers, to collect these taxes.
High and rising health care costs consume a large and rapidly growing portion of the federal budget, crowding out investments in other crucial priorities such as education, defense and infrastructure and putting pressure on other priorities of households, businesses and governments.
These reports were prepared by consultants of the Bipartisan Policy Center’s Health Care Cost Containment Initiative. They were meant to inform the initiative’s work on prevention and cost containment.
In opening remarks at today’s House Homeland Security Subcommittee on Transportation Security hearing, Subcommittee Chairman Richard Hudson (R-NC) highlighted a
To date, there has been surprisingly little hard data on the time taken for independent financial regulators to be nominated and confirmed. Through this paper, the Bipartisan Policy Center (BPC) seeks to provide a factual baseline for America’s recent experience in this process.