by jpitney | Jan 15, 2025 | Taxes, Trade
At the Competitive Enterprise Institute, Ryan Young notes that a 25 percent steel tariff caused steel prices to rise by 25 percent. It wasn’t just imported steel prices that went up. Domestic steel prices went up, too, even though the US government collects no tariff...
by jpitney | Dec 11, 2024 | California Politics, Taxes
Adam Hoffer, Jacob Macumber-Rosin at the Tax Foundation: California pumps up its gas tax the most at 68.1 cents per gallon (cpg), followed by Illinois (66.5 cpg) and Pennsylvania (58.7 cpg). The lowest gas tax rates are levied in Alaska at 8.95 cpg, followed...
by jpitney | Nov 3, 2024 | Taxes, Trade
Sandler, Travis & Rosenberg, P.A: A new report from the Cato Institute argues that several laws authorize the president to impose tariffs on a wide range of imported goods without substantial procedural or institutional safeguards. … The report explains...
by jpitney | Aug 3, 2024 | California Politics, Regulation, Taxes
Collin Eaton at WSJ: Chevron is relocating to Texas, deserting California, its home state for more than 140 years, where the business climate has soured for oil companies. The second-largest U.S. oil company said Friday it plans to move its global headquarters...
by jpitney | Apr 13, 2024 | California Politics, Economic Policy, Taxes
Tax Foundation: How does California’s tax code compare? California has a graduated state individual income tax, with rates ranging from 1.00 percent to 13.30 percent. California has a 8.84 percent corporate income tax rate. California has a 7.25 percent state sales...
by jpitney | Aug 7, 2023 | Taxes
Timothy Vermeer et al. at the Tax Foundation: The U.S. system of taxes and transfers is highly progressive. Measuring comprehensive income, inclusive of market-based income and government taxes and transfers, illustrates the total fiscal burden created by a fiscal...
