In an effort to combat the ongoing opioid epidemic, Representative Michelle Lujan Grisham (D-NM) submitted a bill last week that would apply a federal excise tax of 1 cent per milligram of active opioid, mirroring a similar bill submitted in the Senate in June.… Read more
Two weeks ago, we published a map showing how far $100 in purchasing power would go in different states.
This week’s map further explores purchasing power differences at the metropolitan level. Using data from the Bureau of Economic Analysis, we can examine how purchasing power varies between cities, like Los Angeles and San Francisco, and between urban and rural areas, like Houston and West Texas.… Read more
President Trump signed an infrastructure permitting executive order on Tuesday, the intended highlight of that day’s news conference. The executive order is part of the White House’s “Infrastructure Week,” and has the goal of expediting permitting for infrastructure projects by requiring each project to have a lead federal agency in charge of navigating it through the bureaucracy, and directing federal agencies to determine ways to reduce average permitting time from seven years to two years.… Read more
President Trump on more than one occasion has accused Amazon of not paying taxes. The latest version came out this morning on Twitter. Most assume that he’s referring to whether the e-commerce company collects sales taxes. So, does Amazon collect sales taxes?… Read more
The United States is rare among countries in that it has a worldwide tax system. Under such a system, U.S. corporations are required to pay taxes to the United States on all their income, regardless of where it was earned. This contrasts with a territorial system, in which only income earned in the United States would be taxed.… Read more