corporate tax reform

A basic principle of smart tax reform is that we should shift away from taxing good behaviors, like work and wealth creation, to taxing bad behavior, like pollution and speculation.  If you want to see how this might work in practice, take a look at the new budget from the Congressional...
03/19/2013
Blog
President Obama came out strongly for tax reform in his State of the Union address, casting this challenge as crucial for raising for new revenue and avoiding harsh cuts. Obama argued that the U.S. could: save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the...
02/14/2013
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All of Washington seems to agree that tax loopholes should be closed. Yet, as a practical matter, closing some of the biggest loopholes is no easy thing because of their importance to individuals and the economy as a whole. Take a meat cleaver to the home mortgage interest deduction and you hurt a...
12/20/2012
Blog
If Washington tackles corporate tax reform in the next year, as many expect, one thing is for sure: this debate will touch off a feeding frenzy for lobbyists, an avalanche of strategic campaign donations and, in the end, probably will yield only modest reform. Nor can we count on any increase in...
04/26/2012
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It's hard to believe now, but not a year ago the government nearly shut down over the princely sum of $75 million -- the amount of federal funding given to Planned Parenthood. To be sure, much of the opposition towards the funding was (and is) due to a willful misunderstanding of how the...
03/09/2012
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I don't know of any retailer that doesn't offer a return policy for faulty products -- if you buy something and it doesn't work when you get home, simple fairness dictates that you should get your money back.  But while this logic may seem obvious when talking about consumer transactions, it...
01/18/2012
Blog
There's a new video out this week from a group called the RATE Coalition making the case for a lower corporate income tax. The video is worth watching -- not because it provides any original defense for changing the corporate tax code, but because this group is rapidly gaining...
01/11/2012
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Multinational corporations have pushing hard over the last year for a repatriation tax holiday that would allow them to bring foreign profits back to the U.S. at a very low tax rate. They argue that such a giveaway would be a boon to the economy because those accrued profits -- over $1 trillion --...
12/16/2011
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A new report from the Citizens for Tax Justice confirms what Occupy Wall Street protestors and progressives more generally have been saying for a while now: economic inequality is neither an accident nor an inevitable outcome of the free market-- it is, to a large extent, the product of government...
11/17/2011
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Many progressives were excited to see the President go after tax loopholes for the wealthy and corporations during his speech last Monday. While this change in tone from the White House is certainly welcome, the President is doing more here than just throwing populist red meat to his base. In fact...
09/22/2011
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