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  • Testimony posted August 4, 2014 by Curtis S. Dubay Tax Reform Would Help American Families: Dynamic Scoring Makes it More Likely

    Testimony before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means U.S. House of Representatives My name is Curtis S. Dubay. I am Research Fellow in Tax and Economic Policy at The Heritage Foundation. The views I express in this testimony are my own, and should not be construed as representing any official position of The Heritage…

  • Issue Brief posted June 26, 2014 by Curtis S. Dubay Congress Should Be Cautious About Expanding the Child Tax Credit

    Members of Congress have renewed the discussion of increasing the Child Tax Credit (CTC) to help the beleaguered middle class. Their desire to help the middle class is laudable. The slow recovery and President Barack Obama’s faulty economic policies have hit the middle class hard, but increasing the CTC is not the best way to deliver relief. The better approach would be…

  • Issue Brief posted June 10, 2014 by Anthony B. Kim, Curtis S. Dubay FATCA Hurts Law-Abiding Americans Living Abroad

    On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, FATCA is forcing law-abiding American taxpayers residing overseas to bear enormous financial and legal burdens. Congress should reform FATCA so that it does not hurt innocent…

  • Commentary posted May 26, 2014 by Curtis S. Dubay Thomas Piketty’s wealth tax would be an administrative nightmare

    Thomas Piketty’s best-selling treatise “Capital in the 21st Century” elates liberals because it argues on behalf of soaking the rich with excessive taxation. Mr. Piketty’s preferred mechanism for equalizing incomes is to institute a global tax on wealth. But there’s a drawback to Mr. Piketty’s wealth tax: It would tank the world’s economy. It would reduce economic…

  • Commentary posted May 12, 2014 by Curtis S. Dubay Thomas Piketty’s “Capital in the 21st Century” and the Inequality Debate

    Thomas Piketty’s “Capital in the 21st Century” is a smash on the Amazon bestsellers list. It is all the rage in DC and other corridors of influence. Why all the buzz? Because Dr. Piketty, economics professor at the Paris School of Economics, has amassed a novel set of data on income and wealth inequality stretching back hundreds of years using tax returns from the U.K.,…

  • Commentary posted May 8, 2014 by Curtis S. Dubay U.S. Companies Are Moving to Europe to Get Away from Our Awful Corporate Tax Policies

    I hate to say I told you so, but . . . A few months ago I warned that if Congress didn’t lower corporate taxes, U.S. businesses would start moving their headquarters abroad. Lo and behold, two major U.S. businesses now are looking to pack their bags for Europe. Pfizer is trying to acquire AstraZeneca, a U.K.-based pharmaceutical company. If it does, the newly merged…

  • Commentary posted April 16, 2014 by Curtis S. Dubay Lawlessness in Chrysler Bankruptcy Still Hurts the Economy

    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written an excellent summary of…

  • Issue Brief posted April 8, 2014 by Curtis S. Dubay Tax Day 2014: How Tax Reform Would Make Filing Taxes Better

    April 15, the day Americans’ tax returns for the previous year are due to the IRS, is fast approaching. Families all over the country are scrambling to find documentation for their incomes and any expenses they incurred that might be deductible, creditable, or exemptible. It is a day of consternation for most families because of the mind-numbing complexity of completing…

  • Commentary posted April 7, 2014 by Curtis S. Dubay Cutting short the ‘extenders’ would boost the economy

    Last week, the Senate Finance Committee blew its chance to enact small but meaningful tax reforms. On Thursday, lawmakers mechanically passed the so-called “tax extenders” bill — renewing some 50 tax-reducing policies that officially expired at the end of 2013. Passing an “extenders” bill has become routine in Congress, a by-product of lawmakers’ fear of commitment…

  • Issue Brief posted March 31, 2014 by Curtis S. Dubay Tax Extenders an Opportunity to Improve the Tax Code

    The tax extenders are a group of approximately 50 tax-reducing policies that expire regularly. Congress has traditionally extended them just as regularly as they expire. Most recently, they expired at the end of 2013, and Congress has yet to address them this year. Congress previously extended them as part of the “fiscal cliff” deal struck at the beginning of 2013. That…

  • Backgrounder posted March 14, 2014 by Curtis S. Dubay, David R. Burton Chairman Camp’s Tax Reform Plan Keeps Debate Alive Despite Flaws

    In February, the chairman of the House Ways and Means Committee, Representative Dave Camp (R–MI), released his long-awaited tax reform plan.[1] Chairman Camp and his staff are to be applauded for the tireless work they put into crafting the plan and for the courage they displayed in releasing it in a difficult environment for tax reform. Discussion and debate about the…

  • Backgrounder posted February 19, 2014 by Curtis S. Dubay The Proper Tax Treatment of Interest

    Treating interest properly in the tax code is essential to maintaining neutrality. Neutrality should be the guiding principle of tax reform. It holds that taxes should not influence—positively or negatively—the economic decisions of families, investors, entrepreneurs, or businesses. A neutral tax code is the most conducive to economic growth. In debates about tax reform…

  • Issue Brief posted February 6, 2014 by Curtis S. Dubay, Stephen Moore Economy Better, but Still Growing Too Slowly Because of Anti-Growth Policy

    The new Bureau of Economic Analysis (BEA) report measuring how fast the economy grew in the fourth quarter of 2013 and for the entire year of 2013 confirms that while the U.S. economy has clearly picked up steam, it is still in the grip of a subpar recovery from the recession that ended in 2009. The cost of this slack-paced expansion—compared to past recoveries—has been…

  • Issue Brief posted December 19, 2013 by Curtis S. Dubay Business Tax Reform: Focus on Rate Reduction Now, Save Expensing for Later

    Business tax reform is essential to increasing investment and restoring robust job creation and wage growth. Reform is necessary in large part because the U.S. has the highest corporate tax rate in the developed world. This lowers business investment in the U.S. and makes U.S. businesses less competitive in the global marketplace.[1] The current tax system also generally…

  • Issue Brief posted October 31, 2013 by Curtis S. Dubay A Repatriation Holiday Would Not Create Jobs

    The House and Senate have convened a conference committee in an attempt to reconcile the very different budgets they passed earlier this year. Some have suggested that, if the Senate refuses to agree to tax reform in the course of negotiations, the House should seek a repatriation holiday instead.[1] A repatriation holiday would eliminate almost all the tax liability…