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.
Blogs & Op-eds
December 1, 2017
November 30, 2017
Sovereign governments, whose job is to represent the interests of their citizens, not the world’s, rightly assert that they have jurisdiction over cyberspace, at least to the extent it plays out within their borders. The problem is when this turns into digital balkanization.
November 27, 2017
$700 billion in U.S. GDP growth from 2010 to 2016 can be attributed to capital investments in IT, writes John Wu in Innovation Files.
November 20, 2017
Fact of the Week: Even in Recessions, EU Product Innovators Have Continued Increasing Employment by 8.5 Percent per Year
European product innovators—firms that release new goods and services into the market—increased their employment by 8.5 percent during recessions (versus 12 percent during booms), writes John Wu in Innovation Files.
November 16, 2017
Previously, there were few HPV tests well suited to developing countries, but a new product—Xpert HPV—changes this by offering an accurate, real-time, self-contained, and easy to use molecular testing mechanism that can be used at the point-of-care.
November 15, 2017
If the EU intends to build a Digital Single Market home to the next generation of tech companies, then it needs consistent policies that allow businesses in all sectors to take advantage of online advertising.
November 13, 2017
Fact of the Week: British Road Projects Have Raised Firm Productivity by up to 3 Percent for Every 10 Percent Reduction in Time Previously Wasted on Travel
A 10 percent reduction in travel times along British road networks increased the number of new firms and jobs surrounding these new networks by 3 to 4 percent, writes John Wu in Innovation Files.
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 12, 2017
Democrats have made “cracking down on corporate monopolies” a key part of their plan for shared prosperity. But much of the case for more vigorous antitrust enforcement falls apart on close inspection.
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.