TPC Hosts Conference on State & Local Revenue Implications of Federal Tax Reform

The Tax Policy Center hosts a conference today on Fallout from Federal Tax Reform: Implications for State & Local Revenues:

Federal tax reform may put added pressure on state and local governments that already face severe fiscal challenges. Tax-exempt bonds and the deduction for state and local taxes are among the major preferences likely to come under scrutiny in any rewrite of the Revenue Code. In addition, lower income tax rates themselves would limit the market for tax-exempt debt. As a result, tax reform is likely to have significant policy and revenue implications for state and local governments and will raise important questions about federalism.

• John Buckley (Georgetown Law School)
• Harley Duncan (KPMG)
• Howard Gleckman (Tax Policy Center) (moderator)
• Kim Rueben (Tax Policy Center)
• Frank Shafroth (George Mason University)