Tag: ‘tax reform’

Reforming Corporate Taxation

By :: November 24th, 2014

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. The U.S. corporate tax system is broken. The current method of taxing the profits of large, publicly traded corporations was designed for an economy […]

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Get the Fiscal House in Order

By :: November 20th, 2014

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. As policy makers search for ways to raise economic growth and improve the living standards of future generations, a major priority should be to get […]

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“Dead Reform Walking:” On Fairness, Immigration, and Spending

By :: November 19th, 2014

A Senator says “no way” to a bill that won’t see December’s light of day. As far as the lame-duck Congress is concerned, the Marketplace Fairness Act is dead: House Speaker John Boehner assured as much last week. Senator Ted Cruz has added his two cents (tax-free)  insisting it is  the “height of lunacy” to […]

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Will Obama’s Executive Action on Immigration Kill Tax Reform? Hint: You Can’t Kill Something That’s Already Dead

By :: November 18th, 2014

The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH) and others claim that this step will so poison the well of trust between Democrats and Republicans that […]

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In Search Of… Tax Savings, Near or Far

By :: November 18th, 2014

Inversion is the gift that keeps on giving for Actavis. Last year the pharmaceutical company reincorporated from its Parsipanny, New Jersey, home to Ireland, after a $5 billion deal with Warner Chilcotte. This year, before Treasury’s inversion curbs took effect, it purchased New York-based Forest Laboratories for $25 billion for tax savings. And today, in […]

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Don’t Call It a Comeback… Yet.

By :: November 6th, 2014

Betting on tax reform in the 114th Congress? Consider some insight from TPC’s Bill Gale. GOP control won’t make gridlock  disappear, even if President Obama and Senate Majority Leader Mitch McConnell somehow do get along. The business community is not united on business tax reform. The GOP and the President don’t agree on the treatment […]

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The Day After the 2014 Election: Six Things To Watch In the New GOP Congress

By :: November 5th, 2014

Republicans had a very good day yesterday. But can they translate their ballot-box success into a positive legislative agenda? It won’t be easy but here are six clues: Mitch McConnell: He is a brilliant legislative tactician. We know he’ll use those skills to try to outmaneuver Democratic Leader Harry Reid but will he also use […]

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Is There Any Chance Congress Will Pass Business Tax Reform Next Year?

By :: October 28th, 2014

In the run-up to next week’s congressional elections, Republicans are saying that if they win control of the Senate, they will try to pass business tax reform as part of an ambitious “we can get things done” agenda. Is there any possibility that a GOP-controlled Congress could rewrite the business provisions of the tax code? The chances […]

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Cheap Talk, Scoring, and Promises

By :: October 13th, 2014

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then.  Counting devices before they hatch? Should the GOP take the Senate in November, medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. The tax is an important financing component […]

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Ryan and Lew Both Object to JCT Scoring of Future Tax Reform

By :: October 9th, 2014

Like a couple of baseball managers working the umpires before a big World Series game, Treasury Secretary Jack Lew and Representative Paul Ryan (R-WI), who wants to be the next chair of the House Ways & Means Committee, are looking to change the way Congress scores tax reform even before Congress begins a rewrite. Ryan […]

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