Taxes and Budget

The excitement of Christmas and the presents that Santa Claus would bring best describes today's American politics. Each party is competing to win votes by providing the presents. The more the better.
Taxes and Budget
Check a box to narrow search for individual content items that cover numerous issues.
June 25, 2018
Evidence shows a carbon tax will induce innovation that will lower the cost of reducing CO2 emissions. If the revenues are recycled to expand tax incentives for research and capital investment, a modest carbon tax would likely lead to faster GDP growth.
December 1, 2017
House and Senate tax bills currently favor individually owned “pass-through” companies, which make their owners a good living but don’t do much for net new job creation or overall growth. Lawmakers should focus more on tech-based startups that drive innovation and have much more long-term growth potential.
November 13, 2017
What could Republicans do to increase the chances of passing a good bill? They could focus principally on reforming the corporate tax code.
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.