Report
Corporate Lobbying Campaign Against Biden Tax Proposals Is Inaccurate, Unpersuasive
The case made against the Biden corporate tax proposals has serious flaws.
Business Taxes
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Policy Basics
Corporate income taxes make up about 7 percent of federal revenue, a share that has shrunk significantly in recent decades.
We work to ensure that corporations pay their fair share to fund the government or reduce deficits. We believe corporations should pay higher taxes as part of a balanced approach to deficit reduction, or as part of comprehensive tax reform that also contributes to deficit reduction. We highlight the importance of eliminating or scaling back costly and unfair corporate tax breaks.
Experts
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Ways and Means Revenue Bill Major Step Forward But Additional Steps Available
The package would raise substantial revenue in three major ways: from high-income and wealthy individuals, from profitable corporations, and from better enforcement of the nation’s tax...
Corporate Lobbying Campaign Against Biden Tax Proposals Is Inaccurate, Unpersuasive
The case made against the Biden corporate tax proposals has serious...
Reversing Corporate Tax Cuts to Fund Infrastructure Would Boost Equity and Growth
President Biden’s American Jobs Plan, which would finance high-return infrastructure investments partly by undoing some of the dramatic 2017 corporate tax cuts, would make the tax code fairer...
Corporate Rate Increase Would Make Taxes Fairer, Help Fund Equitable Recovery
Raising corporate taxes by a modest amount will not undermine the economic recovery and, in fact, using those revenues to finance needed investments will help make the economy...
Proposal to Extend Full Expensing Beyond 2022 Could Discourage Investment This Year and Hurt the Recovery
Making full expensing permanent would have no effect until 2023 and hence do nothing to help mitigate the current economic...
Corporation-Friendly Treasury Regulations Reducing Federal Revenues
Certain Treasury Department regulations implementing the 2017 tax law’s international tax provisions are more generous than scorekeepers previously...
Corporate Tax Cut Benefits Wealthiest, Loses Needed Revenue, and Encourages Tax Avoidance
The major tax legislation enacted last December suffers from three fundamental flaws: it’s skewed to the wealthy, fiscally irresponsible, and encourages rampant tax gaming and avoidance.[1] The...
IRS Budget Needs to Be Restored and Supplemented to Implement and Enforce the New Tax Law
The new tax law poses an immense challenge that the IRS is ill-prepared to handle, due to a dramatic reduction in its funding and workforce since...
Repatriating Multinationals’ Foreign Profits Wouldn’t Likely Boost Private Investment
U.S.-based multinationals pay U.S. corporate tax on their foreign profits only when they “repatriate” them, or bring them back to the United States. Many therefore use accounting maneuvers to...
Corporations Would Likelier Use “Repatriated” Profits to Buy Back Stock Than Invest
President Trump has urged “repatriating” — that is, bringing back to the United States — U.S. multinational corporations’ foreign profits as a way to “spur billions of dollars in new...