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TechWonk Blog
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On Thursday, a pair of Congressional hearings will focus attention on the critical need for tax reform.聽 We hope the hearings will not only examine the problems with our current antiquated tax system, but also look at potential solutions.聽 At one hearing, Senator Carl Levin of Michigan will hear from several tax policy experts, government administrators, and business tax planners, including 91pro视频 members [...]
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President Obama and Governor Romney each have put forward plans to reform the corporate tax structure. 聽Many of their top advisors, key members of Congress, and a majority of the Simpson-Bowles Bipartisan Deficit Reduction Commission, among others, have recommended a shift to a lower corporate rate and a competitive, market-based international tax system.聽 But getting from policy ideas to actual law [...]
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Critics of a competitive market-based or territorial tax system are latching onto a study out today by NerdWallet -- a personal finance website that features recommendations on things like credit card rates and gas prices -- as the latest 鈥渆vidence鈥� that corporate tax reform really isn鈥檛 necessary. The study claims that ten of America鈥檚 top economic champions -- including Apple, IBM, and Microsoft [...]
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The Senate Finance Committee today gave strong bipartisan support to legislation that would strengthen the U.S. economy and help American businesses to create jobs at a time when we really need it.聽 The so-called 鈥渢ax extenders package鈥� would renew important provisions that support U.S. job creation 鈥� provisions that Congress allowed to lapse last December. Led by Chairman Baucus and Ranking Member [...]
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聽 The chorus of voices calling for a competitive U.S. tax code to spark job growth and economic investment is growing stronger by the day.聽 Add Bloomberg to the choir. Its聽editorial published Sunday night makes clear that the political hyperbole around tax reform isn鈥檛 creating jobs.聽 What will is actual tax reform 鈥� and the adoption of a lower corporate rate and a competitive territorial system should [...]
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There鈥檚 been a lot of heated rhetoric this week about 鈥渢erritorial鈥� taxation, but one fundamental fact is clear:聽 a competitive territorial tax system would help spark job creation and business investment in America.聽 Unfortunately, the rhetoric has badly misinformed the American people about what the real facts are. Here are the key points to keep in mind: The United States has the highest corporate [...]
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At TechElect, we love substantive policy debates, and Alan Beattie鈥檚 piece in today鈥檚 Financial Times on the presidential candidates鈥� approaches to corporate tax reform tax reform certainly fits the bill.聽 TechElect has already compared the candidates鈥� competing tax plans, and we applaud the FT鈥檚 deep dive into both presidential candidates鈥� positions on tax reform. 聽 TechElect finds much to agree on [...]
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A House subcommittee hearing today focused on the issue of extending temporary business tax measures that influence investment and business decisions in the U.S., and 91pro视频 pressed for quicker action by the Congress to move the legislation into law.聽 91pro视频鈥檚 Bret Wincup takes a look at the issues, and you can聽see the formal statement聽that 91pro视频 provided to the subcommittee.聽 In recent months, there has been [...]
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Add Florida Democratic Senator Bill Nelson to the growing list of lawmakers who recognize that America鈥檚 corporate tax system isn鈥檛 helping to create American jobs. 聽 In a speech Wednesday night, Senator Nelson laid out his thinking: 聽 鈥淥ur corporate tax is too high and too complex, and it stifles competition.聽 In fact, the United States has the highest statutory corporate income tax rate in the developed [...]
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Avengers, assemble!聽 This weekend, The Avengers opened to huge crowds across America.聽 People flocked to see these heroes battle Loki and his army, intent on destroying the American way of life.聽 聽 Oddly, a similar fight is taking place over American businesses, as foreign countries use every weapon in their arsenal to attract U.S. companies鈥� investment and the jobs that go with it.聽 But too few heroes [...]
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