Show Me the Point! A Response to 'Show Me the Money,' Comment on Fiscal Estimates

Abstract

In another State Tax Notes article, a trade association criticized the revenue estimates of a noted state tax policy expert who proposed four tax reform proposals to a conference of legislators. This article vindicates the tax expert’s concerns and proposals, and debunks the trade association’s myths. Furthermore, the article explains that the tax expert’s estimates for new revenue were actually lower than the likely impact of legislation adopting his four proposals. The article concludes by calling for greater corporate transparency and intellectual honesty from the trade association.

Keywords: tax, law, tax law, taxation, trade association, revenue, state tax, SALT, tax reform, revenue, transparency

JEL Classification: k34, h20, h70, h71