Federal Tax System Affects State Policies and Economies
States have an interest in the nation’s tax code and potential reforms. This collection of resources illustrates how changes to federal tax laws can affect state policies and revenue, and how the impacts vary from state to state.
To maximize the impact of higher education investments and achieve desired policy goals, policymaker should have knowledge of the full range of assistance provided to institutions and students. This means having an understanding of the billions of dollars made available through spending programs and the tax code.
The mortgage interest deduction is one of the largest tax expenditures in the US tax code but the rate at which it is claimed and the average amount deducted vary widely across and within states With changes to tax expenditures under consideration, data showing the current distribution of the mortgage interest deduction are key to understanding how federal tax decisions would affect the states.