Taxes and Budget

Tech policy broadly defined becomes more important each presidential election, and this one is no different. As it has in every cycle since 2008, ITIF provides a side-by-side comparison of the nominees’ positions on key issues related to the progress of technological innovation.
Taxes and Budget
Check a box to narrow search for individual content items that cover numerous issues.
November 10, 2017
Everyone agrees the current tax system needs reform—it’s too complex, contains too many distortions, and harms the nation’s competitiveness. Unfortunately, the effort now underway in Congress is not going very well. This is largely because the current drafts in the House and Senate are built on faulty assumptions about how taxes affect economic growth.
November 9, 2017
Fearmongers say robots are coming to destroy our jobs, and the solution is to slow them down with taxes. But that’s wrong on both counts.
November 9, 2017
Republicans are neglecting those aspects of tax reform that are most closely linked to the investment and innovation that promotes growth – including the research and development tax credit.
October 26, 2017
The European Commission’s unilateral push to force EU member countries to collect steep taxes from U.S. companies will jeopardize efforts to negotiate better fixes for the international tax system.
October 26, 2017
To best harness the opportunities presented by IIoT, the United States (like all countries) needs a national policy strategy. An effective national IIoT strategy should address what ITIF calls the 4 Ts: Talent, Technology, Tax, and Trade.
October 9, 2017
Both the statutory and average effective tax rates for U.S. corporations are very high by global standards. But as Joe Kennedy writes in Morning Consult, for tax reform to be fully effective, it must do more than just lower the statutory corporate rate; it should lower the effective rate while moving to a territorial tax system.
September 28, 2017
Republican leaders unveiled a new framework this week for fixing America’s broken tax code.
August 18, 2017
How can Congress simultaneously reduce the corporate rate and preserve key incentives for innovation without increasing the deficit? By imposing a tax of $25 per metric ton on most greenhouse gas emissions.
July 5, 2017
Reducing or eliminating the R&D tax credit to “pay for” a lower corporate rate would be a serious mistake. To boost productivity and competitiveness, Congress should lower the corporate rate while expanding the research credit’s Alternative Simplified Credit from 14 to 20 percent.
April 26, 2017
While some of the provisions in the president's tax plan are critical for boosting U.S. economic growth, like a lower corporate tax rate and a so-called “territorial” system for taxing companies’ foreign profits, the plan is silent on many other key measures that are necessary to boost productivity and competitiveness, writes Joe Kennedy in Innovation Files.

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