The Center for New Revenue aims to work on funding government, to promote our common endeavor. It is a North Carolina not-for-profit corporation, founded in 2011.
The Center looks at sources for new and more sensible revenue — asking the question, What else can we tax? The main outlet for this work is http://newrevenue.org. Here are the three main areas of interest.
1. International taxation. Big capital has the votes, but the Center opposing a Tax Repatriation Holiday for income of U.S. multinationals artificially shifted offshore and trapped there.
2. Revenue from intoxicants. Taxation of marijuana has been kept in the closet, as the folks thinking about it the most are taxpayers — ganjapreneurs, cannabisnessmen — folks who seek to profit from legal marijuana sales. Naturally enough. Current topics of interest include (1) a potency base for marijuana taxation, (2) the monopoly alternative to the taxation for marijuana, and (3) the denial of the advertising deduction under Internal Revenue Code section 280E and its state analogues. Marijuana taxes are more challenging for tax design than alcohol taxes, where reform at the federal level would consist of raising the rates and indexing them.
3. Taxation of carbon and pollutants. A jet fuel tax is at the top of the list here, since it’s hardly regressive.
The Center’s founder, Pat Oglesby, worked for the Joint Congressional Committee on Taxation from 1982 to 1988, first as a Legislation Attorney and then as the Foreign Tax Counsel; he then, thanks to Senator Lloyd Bentsen, held the position of Chief Tax Counsel of the Committee on Finance of the United States Senate for two years. More history on the Pat Oglesby page of this website.
The Center’s informal Board of Advisors consists of old friends and family of the founder:
Paul Gallis, Ph.D., of Savannah, Georgia;
LaBrenda Garrett-Nelson, of Washington, D.C., and Laurens, South Carolina, a retired tax policy expert;
Joseph Murphy, of Boone, North Carolina;
Emily Oglesby, of Chapel Hill, North Carolina;
Mary Norris Oglesby, of Chapel Hill, North Carolina;
Robert Schofield, of Georgetown, South Carolina; and
Albert Varner, M.D., of San Rafael, CA.
Advisors do not necessarily agree with (or even keep up with) views expressed on this blog, or by the Center or the founder in any manner.
The Center is a nonprofit corporation under North Carolina law, but seeks no donations, so there is no plan to qualify as a tax-exempt entity under section 501(c) of the Code.
All material produced only for this website is in the public domain. Please feel free to copy it, with attribution. This web site won’t outlive me, and I turned 69 in 2016, so if there’s anything you think worth preserving, preserve away.
The Center for New Revenue went on hiatus in early 2017 as its founder agitated for compromise on HB2, North Carolina’s “bathroom bill.” The compromise isn’t perfect, but it is better than HB2.
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