Abstract: U.S. companies that own foreign subsidiaries pay taxes abroad—and they often pay taxes again when the companies bring the earnings home—known as repatriation. This double taxation naturally hurts competitiveness at home and abroad, and encourages U.S. companies to leave these earnings abroad. A…
Abstract: President Obama recently unveiled his 2012 budget proposal and the 43 tax hikes it contains. The multitude of—utterly unnecessary—tax hikes will burden Americans to the tune of $1.5 trillion over the next decade. The President is proposing to raise federal tax revenues…
President Obama wants Second Circuit Judge Sonia Sotomayor to fill Justice David Souter's seat on the Supreme Court. But her nomination paints a grim picture of the Supreme Court's future for those who believe the law should be interpreted according to its original meaning. Obama …
Taxes serve no necessity other than to finance government activities. Regrettably, policymakers often make the mistake of viewing taxes as only funds available for allocation among competing programs. In doing so, they ignore the dramatic effects of incentives created by taxes and the important influences of…
In Washington, politicians like to seek common ground. So let's begin by noting that many from both parties agreed with President Barack Obama's recent warning: "A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future." Both right and…
The majority party in Congress threatens to use the annual ordeal of extending the alternative minimum tax (AMT) patch as a ruse to raise taxes. Policymakers and the public need to expose this ruse, reject the tax hike, and turn to practical, substantive reform to end this pernicious tax. The AMT patch is an increase…
This key research from 2005 has been updated in J.D. Foster's paper "The New Flat Tax—Easy as One, Two, Three" There is widespread consensus that the current tax system is a complicated failure that hinders the…
The Senate Finance Committee tax bill contains a number of provisions that would undermine American competitiveness and restrict fundamental rights of labor and capital to cross national borders. If approved, these provisions will undermine the parts of the tax bill--such as the acceleration of marginal tax rate reductions and small-business expensing--that promote economic…
President George W. Bush's tax relief package, by reducing tax rates on work, saving, and investment, will boost economic growth and reduce the burden of government for all taxpayers; but it should also be viewed as only a first step. The White House and congressional leaders should put further tax relief and…
The despicable attacks on September 11 in New York and Washington have underscored the importance of international cooperation in the fight against crime and terrorism. Regrettably, however, some politicians are using this effort as an excuse to attack low-tax countries. Claiming that financial privacy laws in "tax havens" hinder worldwide law enforcement, they want…
The Organisation for Economic Co-operation and Development (OECD), a Paris-based institution with 29 member nations from the industrialized world, has launched a project seeking the elimination of "harmful tax competition." In a report titled "Towards Global Tax Co-operation," the OECD calls on member nations to eliminate "harmful tax practices"--low-tax policies that attract…
Thanks to the relentless work of Christopher Horner at the Competitive Enterprise Institute, U.S. Department of Treasury...…
Today, the Department of Labor reported that 570,000 Americans filed initial claims for jobless benefits last week. This...…
“Overseas investments,” writes Steven Malanga, “rarely cost jobs in a corporation’s home country,” but instead bring...…
President Obama is proposing raising more than $100 billion in new taxes from American businesses by limiting their...…
First the good news: earlier this week President Barack Obama admitted that high taxes kill jobs. Now the bad news: he...…