How much economic growth is lost by excessive regulation? What are the costs of permit delays? How many jobs are lost due to red tape? Regulatory impediments can substantially hinder opportunities for private enterprise to invest and compete, thereby reducing economic output, impeding private investment, slowing job creation, and raising consumer prices. These hurdles contribute […]
The President’s outline for tax reform sketches the broad outline for lower corporate and individual rates and for closing loopholes. This reform is vital and would be a major economic stimulus. However, the plan lacks many details that will need to be decided. Repatriation of overseas profits back into the U.S. and the “expensing” of […]
The European Union (EU) is seeking an approach on business taxes that retains more of Internet firms’ earnings as taxes for itself. The EU has been spooked by foreign Internet companies’ selection of “tax homes” with especially low rates. Ireland has been a very popular choice of US high tech firms for reporting and paying […]
We welcome the public convenience, safety benefits and economic advantages that flow from revitalizing our infrastructure. Moody’s estimates that $1.44 is returned for each infrastructure dollar invested. The case for upgrading infrastructure sounds straightforward, but the depth and scope of upgrade, the competing claims on federal funds and other political agendas make infrastructure a complex […]
Today, a coalition of 45 nonprofit organizations sent a letter to the U.S. Senate urging the repeal of Obamacare taxes. The letter is available online.
Twenty-one nonprofit groups submitted a letter to members of Congress asking them to be mindful of using a competitive bidding process when considering appropriations and legislation related to revitalizing the Nation’s aging infrastructure. By one estimate, open competition rules would save the federal government hundreds of billions of dollars. The coalition letter is available online.
The Border Adjustment on corporate federal taxes is part of a large proposed revamp to the tax code. The purpose of the package is to stimulate US production and exports, increase employment within US goods-producing industries, and come closer to a balance of federal revenues and expenditures. The overall tax package will shift the emphasis […]
Despite the U.S. Postal Service’s positive outlook surrounding its last quarterly financial report, the stark reality remains that the agency’s losses continue – this time with $562 million in the red. By touting the gains in “controllable income” the USPS presents an incomplete and misleading perspective of the full costs that it incurs to bring its […]
Today, a large group of nonprofit and taxpayer advocates submitted a letter to members of Congress urging them to promote the availability of private flood insurance as an alternative to the National Flood Insurance Program (NFIP). The current government program is $25 billion in the red. Allowing the private sector to provide these services to […]
At first glance, President Trump’s tax-cut plan has merit. It proposes lowering corporate and individual tax rates to stimulate economic growth. The plan calls for repatriating income held overseas by U.S. corporations, which will bring an influx of trillions of dollars of new capital into the country. In addition, the plan may allow businesses to […]