If the Biden/Harris team wins the election and keeps its promises to raise corporate taxes, U.S. corporations could find themselves right back in the same old tax mess, and looking once again to escape
It’s good news that a payroll tax cut has been dropped from discussion about further Covid-19 economic relief. There are far better ways to provide relief and to attempt economic stimulus.
Any new legislation designed to mitigate the continuing impact of the Covid-19 pandemic should contain both relief and stimulus measures, and full business expensing is an excellent candidate for the stimulus part of the package.
As the November election draws nearer, a key issue will be “Did the Trump tax cuts work?” The answer is an unequivocal “yes.”
The last thing policy makers should do is implement policies that encourage a return to cigarettes, and that’s exactly what Newsom’s new vape tax would do.
The BEAT CHINA Act is a “two-fer”—a major move toward a more pro-growth tax code and a carrot rather than a stick approach toward bringing critical manufacturing home.
Could the Covid-19 virus be the crisis that forces the federal government to begin setting its house in order?
This plan delivers the right amount of aid to the right people, and minimizes the eventual drain on taxpayer dollars.
Recession and economic stimulus is the wrong paradigm for the current situation. That hasn’t stopped many of our conservative friends from turning to the tried-and-true solutions of tweaking tax incentives, which don’t directly address the problem.
Maybe it’s time for policymakers to start focusing on real structural reforms that result in long-term prosperity, instead of constantly relying on short-term fixes.