The selective income taxexemption for home-state municipal bonds at issue in Davis v. Kentucky Department of Revenue is a barrier to interstate commerce.

The selective income tax exemption for home-state municipal bonds at issue in Davis v. Kentucky Department of Revenue is a barrier to interstate commerce.

Viard is available to comment on the possible ramifications of the Supreme Court case Davis v. Kentucky Department of Revenue.

On November 5, the U.S. Supreme Court is scheduled to hear oral arguments in Davis v. Kentucky Department of Revenue—a lawsuit that threatens the continued existence of hundreds of single-state municipal bond funds, each of which holds a particular state’s bonds and caters to that state’s residents. The Supreme Court...

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FOR IMMEDIATE RELEASE: November 5, 2007

As the Supreme Court hears oral arguments today in Davis v. Kentucky Department of Revenue, AEI Resident Scholar and former Federal Reserve Bank of Dallas economist Alan D. Viard offers the...

Jefferson County, Alabama, was led to the verge of bankruptcy by relying on risky instruments in a subprime housing economy.

The federal government seems a long way from the economic disaster Bowles envisions, but some state governments, like California, are not. To avoid this, Congress could pass a law allowing states to go bankrupt.

This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.