Tax Policy - Federal Proposal to Levy Excise Tax on Spring Water Extraction Representative Debbie Wasserman Schultz (D-FL) is proposing to levy a federal excise tax on spring water extraction—also known as a severance tax. Her bill, Save Our Spring Act of 2020,...

Tax Policy - Analysis of Capital Gains Tax Proposals Among Democratic Presidential Candidates  Key Findings Income earned from appreciating assets—rather than wages—constitutes a large portion of income for taxpayers in the highest income brackets. Democratic...

IRS Tax News - Treasury secretary announces 90-day delay in tax payment deadline Treasury Secretary Steven Mnuchin announced that individuals and businesses can delay their tax payments for 90 days due to the coronavirus pandemic. Source: IRS Tax News -...

Tax Policy - How the Federal Government and the States Could Help Save Small Businesses Through Temporary UI Tax Adjustments Governmental responses to the coronavirus outbreak will require creativity and flexibility—and one aspect of that may involve temporarily...

Tax Policy - Senate Receives Final Version of House Coronavirus Bill Offering Paid Leave The Senate will now be taking up the final version of the House Families First Coronavirus Response Act passed by unanimous consent, which includes changes to the paid...

Tax Policy - Tax Options for Economic Relief During the Coronavirus Crisis As policymakers consider ways to provide relief during the public health crisis and economic downturn, tax policy can provide a set of tools to increase stability for both individuals and...