Clean Up on the Grocery Tax Aisle
06/09/22 • 19 min
Amidst soaring inflation, policymakers across the political spectrum proposed many ideas to soften the blow of higher prices—especially for low-income workers and families.
One idea that caught on quickly: sales tax relief on groceries.
The idea had its merits, but Tax Foundation research shows that it may have missed the mark. Tax Foundation Vice President of State Projects Jared Walczak joins Jesse Solis to discuss how grocery sales tax relief became a popular idea, and why it is so hard to nail down progressive vs. regressive tax policy.
Links: https://taxfoundation.org/sales-tax-grocery-tax-exemptions/
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Amidst soaring inflation, policymakers across the political spectrum proposed many ideas to soften the blow of higher prices—especially for low-income workers and families.
One idea that caught on quickly: sales tax relief on groceries.
The idea had its merits, but Tax Foundation research shows that it may have missed the mark. Tax Foundation Vice President of State Projects Jared Walczak joins Jesse Solis to discuss how grocery sales tax relief became a popular idea, and why it is so hard to nail down progressive vs. regressive tax policy.
Links: https://taxfoundation.org/sales-tax-grocery-tax-exemptions/
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
Previous Episode
Pondering Property Taxes
Property taxes are one of the most substantial tax burdens businesses face. In 2020 alone, property taxes accounted for almost 38 percent of all taxes paid by businesses to state and local governments.
These taxes are highly unpopular and can get extremely confusing. But when done right, property taxes can actually be quite good. Janelle Fritts, a state tax policy analyst, joins Jesse Solis to talk through what a well structured property tax should look like, which states have good property tax structures in place and which ones don't, and how these taxes impact a state's competitiveness in an increasingly mobile economy.
Links:
https://taxfoundation.org/ranking-property-taxes-2022/
https://taxfoundation.org/2022-state-business-tax-climate-index/
https://taxfoundation.org/tax-basics/property-tax/
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
Next Episode
Windfall Profits Taxes?
Oil prices have skyrocketed, posing a new risk to the post-pandemic recovery. Feeling the pressure to respond, policymakers have proposed everything from gas tax holidays, tapping into strategic reserves, and even rebate cards. One idea that has crawled back from the dead: “Windfall Profits Taxes.”
This idea is seemingly simple: legislation targeted at the “excess” profits of oil companies. However, as with anything in tax policy, the reality is much more complicated.
But why exactly have windfall profits taxes risen from the grave, and what put them there in the first place? Host Jesse Solis sits down with Tax Foundation policy analyst Alex Muresianu to find out more.
Links: https://taxfoundation.org/windfall-profits-tax-oil-company-profits/
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https://twitter.com/deductionpod
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