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Tax Reform

The Progressive Case for Corporate Tax Reform

  • By Bruce Stokes, Senior Transatlantic Fellow for Economics, German Marshall Fund
January 26, 2012

In his January 2012 State of the Union address, President Barack Obama called for cutting taxes for companies that produce in the United States, especially high-tech manufacturers. He proposed eliminating deductions for firms that move jobs abroad. And he suggested a minimum tax on all multinational corporations.

Erskine Bowles and Alan Simpson Testimony Before Joint Select Committee on Deficit Reduction

  • By Erskine Bowles and Sen. Alan Simpson
November 1, 2011

Chairman Hensarling, Chairwoman Murray, members of the Committee, thank you for inviting us here today to discuss the recommendations of the National Commission on Fiscal Responsibility and Reform, and thank you for your continued hard work to improve our nation’s fiscal situation. We know, a little too well, how difficult your job is.

Follow-Up: The Darwin Economy

October 31, 2011
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Robert H. Frank spoke at New America last Thursday about the guiding principles of his book, The Darwin Economy, and the policy proposals that stem from his model of economic thought. Reid Cramer started the event off connecting Frank’s ideas to recent trends: tax policy is at the forefront of recent political debates and the Occupy Wall Street movement is focusing attention on rampant economic inequality.

The Case for Going Big

October 21, 2011

Given recent reports of the challenges facing the Joint Select Committee on Deficit Reduction (Super Committee) in achieving their $1.2 -- $1.5 trillion savings mandate, the Committee for a Responsible Federal Budget released an analysis arguing that shooting for two to three times as much savings can actually increase the chances of the Committee's success.

In the analysis, CRFB argues that a Go Big approach can improve the chances of the Super Committee succeeding by:

Going Big Could Improve the Chances of Success

October 21, 2011

As the Joint Select Committee on Deficit Reduction (Super Committee) tries to identify $1.2 - $1.5 trillion in savings to meet its mandate, it should consider Going Big instead. While forging bipartisan consensus oneven $1.2 trillion in saving is no easy task, a Go Big approach of saving two to three times as much could actually increase the chances of success.

Would California Tax Hike Be Rick Perry’s Fault?

September 9, 2011

(originally published at Fox & Hounds Daily)
If Gov. Jerry Brown succeeds in eliminating the optional single-sales factor as the method for calculating corporate taxes (thus raising taxes on companies with out of state operations, and using the money for tax incentives for hiring and manufacturing in California), he may have someone unusual to thank: Texas Gov. Rick Perry, the Republican presidential frontrunner.

Supercommittee Needs to Go Bigger

  • By
  • Maya MacGuineas,
  • New America Foundation
September 7, 2011 |

With the president’s highly touted jobs speech this week, national attention is about to pivot from deficits and debt — where the focus has been for much of the summer — to jobs and how to boost the struggling economic recovery. 

Drawing a AAA-Road Map for Post-Downgrade America

  • By
  • Marc Goldwein,
  • New America Foundation
August 11, 2011 |

The S&P downgrade late Friday afternoon in Washington kicked off the most anxious and frenetic week in world markets since the Great Recession ended. The rating agency's observation that U.S. politics was broken might have seemed like old news to voters, but to outsiders it was a stunning confirmation that the recovery is all but over and Washington has no clue how to get it back on track. But the panic over the downgrade and subsequent sell-off has glossed over what exactly our AA+ means for the economy, our prospects, and the road back to a sterling rating.

Devil’s Advocate

  • By
  • Megan McArdle,
  • New America Foundation
August 9, 2011 |

If you had known Austan Goolsbee way back when, you might not have expected him to ever chair President Obama’s Council of Economic Advisers. Even now, at 41, he still looks more like one of his M.B.A. students than like a professor.

Obama’s Era of Decline

  • By
  • Peter Beinart,
  • New America Foundation
August 8, 2011 |

The decision by Standard & Poor's to downgrade America's credit rating marks the clearest sign yet that we have entered a new era in American politics.

In retrospect, the dominant political reality of the Clinton years was the culture war, a struggle over what kind of nation America would be once being anticommunist ceased being a meaningful national identity. Politics in the Bush years was dominated by the "war on terror," the right's effort to reenact the Cold War struggle and the left's recovery of its own antiwar tradition in response.

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