ITIF Search

Taxes and Budget

As nations engage in a race for global advantage in innovation, ITIF champions a new policy paradigm that ensures businesses and national economies can compete successfully by spurring public and private investment in foundational areas such as research, skills, and 21st century infrastructure. In the area of tax and budget policy, ITIF focuses on how tax policy and budgets can boost investment, competitiveness, and economic growth.

Taxes and Budget

Publications and Events

October 27, 2023|Blogs

Ten Problems With Canada’s Plan to Tax U.S. Internet Services Companies

Instead of enacting counterproductive tax grabs from U.S. digital firms, Canada and others should wait for the OECD to complete its Base Erosion Profits Shifting (BEPS) plan.

June 26, 2023|Op-Eds & Contributed Articles

How Biden’s Budget Shortchanges Clean Energy Innovation

The president’s budget proposal for the coming fiscal year serves as a blueprint for how the government plans to deliver on the promise to bolster U.S. investments in science and technology in a bid to outcompete China in key industries.

June 16, 2023|Blogs

Congress Should Appropriate CHIPS and Science Act Authorizations to Further Energize American Innovation

Congress should make good on its promise to appropriate authorizations in the Chips and Science Act to further energize innovation in clean energy and other critical technologies.

June 9, 2023|Blogs

Taxing Robots Would Hurt, Not Help, American Workers

A robot tax is a misguided policy that would inhibit productivity growth that could otherwise make U.S. companies more competitive, create higher-paying jobs, and improve quality of life for all Americans.

May 22, 2023|Reports & Briefings

Energizing Innovation in Fiscal Year 2024

The FY 2024 budget request, if met, could maintain bipartisan momentum for clean energy innovation. Congress should support that innovation to foster domestic clean energy industries that can compete globally, minimize foreign dependencies, and address climate change.

February 15, 2023|Reports & Briefings

Estimated State-Level Employment Impact of Enhancing Federal R&D Tax Incentives

Tax incentives for research and development (R&D) in America are less generous than in comparable countries—and now prevent firms from expensing the full value of R&D investments in the first year. Enhancing R&D tax incentives would create high-paying jobs across the country.

January 17, 2023|Blogs

Fact of the Week: Key Industries Are the Most Affected by the Elimination of Full Expensing of R&D Activity

Economists agree that because most of the benefits of R&D and its technological breakthroughs accrue to entities other than the investing firm (e.g., customers, competitors, etc.), the current level of R&D investment is well below what would be socially optimal.

December 21, 2022|Blogs

Top 10 Tech Policy Pronouncements for 2023

As Yogi Berra once said, making predictions is hard, especially about the future. So, looking ahead to the New Year, ITIF can offer predictions with only 90 percent confidence. The other half is prescriptive.

November 28, 2022|Reports & Briefings

Why Congress Should Restore Full Expensing for Investments in Equipment and Research and Development

The tax law allowing firms to fully expense their research and development (R&D) costs expired at the end of 2021, and full expensing of equipment costs will begin phasing out in 2023. This decreases firms’ incentive to invest in these key drivers of economic growth and competitiveness. Congress should restore and make permanent full expensing for these investments.

October 17, 2022|Blogs

Fact of the Week: OECD Countries More Reliant on Corporate and Social Insurance Taxes for Tax Revenue

Between 1990 and 2020, the Organization for Economic Cooperation and Development (OECD) has become more reliant on corporate and social insurance taxes and less reliant on individual taxes for revenue.

Back to Top