Tax Foundation

• Learning from the First Trade War: Retaliation Hurts US Exporters
  As we learned in the first trade war, retaliation will exact harm on US exporters by lowering their export sales—and the US-imposed tariffs will directly harm exporters too. US-imposed tariffs can burden exporters by increasing input costs, which acts like a tax on exports.
• Considering Potential International Corporate Tax Reforms in the US
  Tax legislation in 2025 may have good reason to address international corporate income taxes, because of scheduled changes slated to go into effect or because of international developments like the Pillar Two agreement.
• Picking the Right Budgetary Offsets Key to Tax Reform Success
  In a perilous economic and fiscal environment, with instability created by Trump’s trade war and publicly held debt on track to surpass the highest levels ever recorded within five years, a lot rides on how Republicans navigate tax and spending reforms in reconciliation.
• New B2B and Digital Taxes Are on the Table in Maryland
  While Governor Moore’s tax plan is still being fiercely debated in Maryland, legislators have introduced several additional proposals—mostly aimed at increasing taxes on businesses—to generate revenue and address the state's chronic budget deficit.
• Capital Gains Tax Rates in Europe, 2025
  Capital gains taxes create a bias against saving, leading to a lower level of national income by encouraging present consumption over investment.
• Pro-Growth Tax Reform for Oklahoma, 2025
  Lawmakers should finish the work they have begun over the past few decades, tackling tax rates and structures to give the state a leg up in an era of enhanced competition.