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Posts by Michael Mazerov

State Borrowing Can’t Substitute for More Direct Aid to Cope With Recession

July 6, 2020

Contrary to suggestions by Treasury Secretary Steven Mnuchin and others, borrowing isn’t a viable substitute for the substantial...

Maine state house

Loans No Substitute for Direct Aid to Help States Weather COVID Recession

April 30, 2020

Some Administration officials are arguing that states don’t urgently need more direct federal relief because they can borrow from the new Federal Reserve program to buy public and private debt, but that argument makes no sense.

Loans are no substitute for the...

Texas State Capitol Dome

Ensuring That Massachusetts Corporations Pay Their Fair Share

November 13, 2019

As Massachusetts lawmakers seek to raise revenue to make needed investments in roads, bridges, and public transit, they should abandon plans that rely solely on regressive gas tax and user fee increases in favor of those that also ensure that corporations pay their...

Overpasses in city

Too Soon for States to Consider “Opportunity Zone” Tax Breaks

May 1, 2019

Update, July 12: we’ve updated this post.

I’ve noted that the new federal Opportunity Zone (OZ) tax incentive program will automatically cut state as well as federal taxes for individuals and corporations investing in distressed areas unless...

Stack of Bills

States Should Decouple Their Income Taxes From Federal “Opportunity Zone” Tax Breaks ASAP

April 29, 2019

Update, July 12: we’ve updated this post.

With the IRS issuing investor-friendly draft regulations for the new Opportunity Zone (OZ) tax incentive program, investments in OZ investment funds will likely accelerate. Before they do, state lawmakers should...


States Shouldn’t Use 2017 Federal Foreign Tax Rules to Justify Tax Cuts

April 30, 2018

Some states have enacted, or are considering, changes in their corporate income taxes in response to federal corporate income tax changes in the 2017 federal tax law. In so doing, they are laying the groundwork for future fiscal problems by cutting taxes in anticipation of a “windfall” they may not receive — particularly when state authority to enact such provisions may not hold up in court....

Dollar bill puzzle pieces

Oregon Should Retain International Tax-Haven Law

March 2, 2018

Oregon lawmakers are about to repeal an effective 2013 law that limits corporations’ ability to cut their taxes by shifting profits they earned in the state to their subsidiaries in foreign tax havens.  Corporate representatives argue that Oregon no longer needs the law because the state can piggyback on new federal rules — under the new tax law that President Trump and Congress...

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Excuses for Kansas Tax-Cut Failures Don’t Hold Up

January 25, 2018

With Kansas Governor Sam Brownback’s confirmation this week as ambassador at large for international religious freedom, it’s an appropriate time to evaluate his legacy as governor — particularly his huge tax cuts enacted in 2012. At the time, he and other proponents helped sell the tax cuts with “supply-...

Private-Sector Job Growth: Kansas Lagged Most Neighbors and U.S. After Cutting Taxes

Quill at 25: Window Closing on Federal Solution to the Remote Sales Tax Problem

May 26, 2017

Today is the 25th anniversary of the Supreme Court’s Quill decision, which has cost states and localities tens of billions of dollars in uncollected sales taxes and hurt many local businesses. Quill reaffirmed a 1967 decision...


Marking a Milestone on Taxing Online Sales, but Still Far to Go

March 31, 2017

As of tomorrow, will be collecting and remitting state and local sales tax on the sales of its own merchandise in all 45 states that levy such a tax. That’s worthy of celebration. Amazon’s sales will generate hundreds of millions of dollars in...

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