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Transition Tax to Pay for Infrastructure Isn’t a Repatriation Tax Holiday

November 13, 2014

As policymakers mull corporate tax reform, it’s important to distinguish between two proposals that are often confused:   a repatriation tax holiday and funding infrastructure through broader...

What Would Congress’s Inaction Cost Working Families? Find Out.

October 8, 2014

Unless Congress acts, key Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) provisions will expire at the end of 2017, pushing 17 million people — including 8 million children — into or deeper into poverty. As we’ve noted...

Considering Tax Reform? Here’s a Must-Read

October 2, 2014

With leading members of both parties placing tax reform high on the agenda for next year, a  new paper by William B. Gale, Co-Director of the Urban-Brookings Tax Policy Center (TPC), and Andrew Samwick, a Dartmouth College professor and former Chief Economist for President George W. Bush’s Council of Economic Advisers...

The EITC’s Far-Reaching Benefits

September 4, 2014

The Earned Income Tax Credit (EITC) “may ultimately be judged one of the most successful labor market innovations in U.S. history,” says the University of California’s Hilary Hoynes in a new article, explaining that the EITC not only encourages work and reduces poverty but produces gains...

Kleinbard: “Competitiveness” Argument for Moving Firms’ Headquarters Overseas Is a Canard

August 12, 2014

The claim that many U.S. companies are moving their headquarters overseas because U.S. corporate tax rates make them uncompetitive is “largely fact-free,” USC law professor and former Joint Tax Committee staff director Edward Kleinbard concludes in a new paper.

While many firms and their lobbyists highlight the 35...

IMF and OECD Call for Stronger EITC and Minimum Wage

July 30, 2014

The Organisation for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF), which have previously recommended expanding the Earned Income Tax Credit (EITC) and...

What Difference Would Ryan’s EITC Expansion Make for Childless Workers?

July 29, 2014

We’ve explained that House Budget Committee Chairman Paul Ryan’s proposed expansion of the Earned Income Tax Credit (EITC) for childless adults, including non-custodial parents, would encourage work and reduce poverty.  This interactive chart allows you to compare the EITC that childless...

Plug the Inversion Loophole Now

July 22, 2014

The New York Times’ latest “Room for Debate” feature asks how the United States can stop corporations from moving their headquarters overseas — known as corporate “inversions” — to avoid...

John Oliver Debunks Some Estate Tax Myths

July 14, 2014

John Oliver’s HBO show this weekend featured a segment on income and wealth inequality (warning: colorful language!), and Oliver cited file type icon our paper showing that 99.86 percent of all estates in 2013 owed no estate tax (see chart).

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As Oliver...

Six Reasons Why a Tax Holiday for Multinationals Is a Bad Idea

June 19, 2014

6-19-14tax.PNGWe highlighted new Joint Committee on Taxation estimates last week that giving multinational corporations another “repatriation tax holiday” to encourage them to bring overseas profits back to the United States would cost $96 billion over the first decade...

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