October 13, 2008

Tax Foundation in the Editorial Pages: Nonpayers, Corporate Taxes, and the Index

by Matt Moon

Lots of love for the Tax Foundation in the past couple days from some editorial pages:

• Today, in attacking Obama's claim that he'll give a tax cut to 95% of Americans, the Wall Street Journal cites a report from Tax Foundation President Scott Hodge on the amount of "nonpayers" we might see under an Obama administration's tax plan: 44% of all tax filers to be exact, about 63 million filers. It's about the same under a McCain Administration's tax plan because of his health credit proposal ...
• ... This would be an increase from 47 million tax returns, as cited by Donald Lambro of the Washington Times today. 
• The DC Examiner reflected our concerns about the need for corporate tax reform in an editorial yesterday.
• We met with the New Jersey Star-Ledger editorial board one week ago to talk about the 2009 State Business Tax Climate Index, where New Jersey ranks last. On Saturday, they penned an editorial talking about the tough times ahead for the Garden State, saying that "New Jersey's standing as a place to do business [has] slipped" over the long term.

Find Scott Hodge's study on "nonpayers" here.

For more information on America's corporate income taxes, go to our CompeteUSA page.

And our 2009 State Business Tax Climate Index can be found here.