corporate income tax

Understanding the Republicans’ corporate tax reform proposals

Republicans in the House are proposing sweeping corporate tax reform . Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses. The new tax would be border-adjustable – taxing imports and exempting exports.

January 10, 2017William G. Gale

Business Taxes: TaxVox

Could the EU’s Apple Tax Reboot Corporate Tax Reform in the US?

For years, corporate tax reform in the US has been dead in the water, in part because of deep disagreements within the American business community...

August 30, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The wide tax gulf between Mitt Romney and Donald Trump

As anyone can attest, the 2016 presidential election is very different from the 2012 race. One less obvious contrast is between the tax plans of...

August 4, 2016Yifan Powers

Business Taxes: TaxVox

Should Drugmakers Be Allowed To Avoid Taxes on Their Profits From An Alzheimer’s Drug?

In one of the most misguided ideas I’ve heard in a long time, two congressmen have introduced a bill to make profits from the sale...

July 8, 2016Howard Gleckman

Business Taxes: TaxVox

An Interesting New Corporate Tax Reform Plan

In a rare bit of bipartisan consensus, lawmakers of both parties agree that the U.S. needs to fix its corporate tax system. Statutory rates are...

June 15, 2016Howard Gleckman

Business Taxes: TaxVox

How A New Picture of Corporate Shareholders May Turn the Tax Debate Upside Down

Yesterday, my Tax Policy Center colleagues Steve Rosenthal and Lydia Austin published new research that could dramatically change the way we think about corporate taxes. They found that only about one-quarter of corporate stock is held by tax-paying investors—about half of what experts generally

May 17, 2016Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Cruz and Trump Would Slash Taxes on New Business Investment, But Cruz Would Cut Them More

Both Donald Trump and Ted Cruz say their tax plans would dramatically boost the economy by reducing taxes on new investment. According to the Tax Policy Center, both proposals would significantly cut taxes on investment and both would be far more generous than the Democratic hopefuls. However, Cruz

March 29, 2016Howard Gleckman

Federal Budget and Economy: TaxVox

CBO Sees a Big Increase in Individual Income Tax Revenues Over the Next Decade

In its semi-annual fiscal update released this week, the Congressional Budget Office projects that federal revenues will remain flat over the next decade, while spending—mostly for health care and Social Security—will rise. The result: Budget deficits, which have been declining in recent years as

August 27, 2015Howard Gleckman

Individual Taxes: TaxVox

Bigger, Cleaner, and More Efficient: A Carbon-Corporate Tax Swap

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. The United States could reduce its contribution to global climate change and increase domestic

November 21, 2014Donald Marron

Business Taxes: TaxVox

Is It Time to Repeal The Corporate Income Tax?

In case you missed it, The New York Times’ political and policy blog The Upshot published a fascinating debate throughout August on the question: Should the corporate income tax be abolished? It’s a query that may be raised on Monday morning, when Treasury Secretary Jack Lew speaks at the Tax

September 4, 2014Howard Gleckman