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.
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.
April 17, 2017
Tax Day arrives April 18 against the backdrop of a serious debate in Washington about the need for tax reform that will spur broadly beneficial economic growth, writes Joe Kennedy in Forbes.
March 29, 2017
Yesterday, the Heritage Foundation released a new version of its so-called “Blueprint for Balance.” Like its predecessor, this iteration reveals a profound misunderstanding of how the world really works, writes David Hart in Innovation Files.
March 16, 2017
The Trump administration's proposed budget for discretionary programs would shift a significant amount of spending away from public investment, particularly in education, research, and infrastructure. Joe Kennedy explains in Innovation Files that this matters because these kinds of investments are essential for faster economic growth, and without that, living standards will stagnate.
March 8, 2017
Given the tax code’s complexity and the divisive political environment, lawmakers should focus on provisions that spur investments in innovation, productivity, and competitiveness, writes Joe Kennedy in The Hill.
February 21, 2017
Given the tax code’s complexity and the divisive political environment, lawmakers should focus on provisions that spur investments in innovation, productivity, and competitiveness.
February 6, 2017
Although Congress made permanent the research and development tax credit in 2015, the federal government and states still can do more—a 10 percent increase in R&D tax credit generosity permanently increases labor productivity by 0.4 percent per year, writes John Wu in Innovation Files.
February 6, 2017
Reforming the U.S. corporate tax system could provide a major boost to U.S. economic growth and competitiveness, but progress continues to stall due in large part to small-business advocates who claim that corporate-only reform is unfair and economically harmful, writes Joe Kennedy in In Business.

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