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
January 16, 2017
Fact of the Week: Labor Productivity In 2014 Would Have Been 5 Percent Higher If All Us Corporations Fully Repatriated Their Overseas Profits
If U.S. corporations brought back all their profits, labor productivity would have been 5.1 percent higher in R&D intensive industries and 4.5 percent higher in IT-intensive industries in 2014, writes John Wu in Innovation Files.
November 26, 2016
The incoming Trump administration and many in Congress on both sides of the aisle have championed corporate tax reform to, among other steps, lower the effective corporate rate. But the small business lobby has pressured Congress to link corporate tax reform to a reduction in top rates on individual income, writes Joe Kennedy in The Hill.
November 16, 2016
ITIF offers a set of actionable proposals to spur innovation, productivity, and competitiveness that the Trump administration can accomplish in its first year.
November 11, 2016
Support for corporate tax reform is being held up in part by small business advocates who want special treatment, writes Joe Kennedy in the Triangle Business Journal.
November 7, 2016
Corporate tax reform, especially reducing the effective rates on investment and research and addressing taxation of foreign-source income, is too important to be held up by any one special interest group.
September 23, 2016
The federal government needs to aggressively fight this revenue grab and insist on compliance with existing tax treaties and transfer-price regulations, writes Joe Kennedy in Entrepreneur.
September 22, 2016
While the corporate tax code is indeed broken, the truth is large companies aren't villains; they are key drivers of U.S. economic growth, writes Joe Kennedy in The Hill.
September 19, 2016
Comprehensive tax reform done the right way could simultaneously improve America’s fiscal debt, its trade debt, and its investment debt—but it won’t happen without a determined push by the next president.
September 7, 2016
Why Europe’s Apple Decision Is Misguided and What It Means for Ireland, Tech Companies, and the Future of Global Tax Reform
The European Commission's recent finding that Apple owes Ireland approximately $14.5 billion sets a bad precedent for reforming international taxation, says Joe Kennedy in Innovation Files.
May 19, 2016
Checking the Innovation Box: How Lower Taxes on IP-Based Activities Could Boost U.S. Competitiveness
Please join ITIF for an expert panel discussion on how specialized tax incentives for innovative products and services could make the U.S. economy more competitive.