In January 2019, the Organization for Economic Co-operation and Development (OECD) announced its intention to move negotiations forward on the development of a new global minimum corporate tax rate. Under the proposed rule, OECD members would be required to tax corporations headquartered within their borders a specific minimum rate on profits made internationally. The OECD claims a minimum corporate tax […]
Taxation
The Hill: Rich Nations Benefit, But Poor Suffer From Tax Scheme
As the Organization for Economic Co-operation and Development (OECD) works to reach a consensus on establishing a global minimum corporate tax rate, the administration is making its voice heard. Last month, the U.S. shook up global tax negotiations by proposing a hefty rate of 21 percent, a figure which is significantly higher than the 12.5 percent rate previously discussed at the […]
The Economic Standard: EV Subsidies are a Renewable Waste
As part of his recently released infrastructure plan, President Joe Biden has vowed to overhaul the American electric vehicle (EV) industry with $174 billion worth of spending. But in his rush to spread the cash around, President Biden appears to be doubling down on environmentally inefficient and socially regressive initiatives. Rather than wasting taxpayer money […]
Filed Testimony to the California Legislature: Don’t Price Regulate Food Deliver
Today, ACI, along with a coalition of policy groups, filed testimony with the California legislature in opposition to a bill that would institute price controls on restaurant food delivery services. The letter states that the establishment of a price control scheme for contracts between private third-party delivery platforms and restaurants (as proposed under AB 286) […]
Coalition Letter Calls for Pro-Growth Tax Policy
ACI and twenty-two other public policy organizations sent a letter to Capitol Hill calling for a number of tax relief measures that will aid in America’s economic recovery from the COVID-19 pandemic. We state that “pro-growth tax policy that boosts GDP, jobs, and wages should be a legislative priority at any time but has taken […]
ICYMI: US Postal Service Reform Could Offer USPS Enduring Fiscal Health
ICYMI: President and CEO of the American Consumer Institute (ACI) Steve Pociask recently opined in RealClearPolicy that the U.S. Postal Service needs reform in order to solve its ongoing financial problems. He optimistically notes that both Congress and leadership in agency recognize there is a problem and have expressed willingness to problem solve these issues, […]
Real Clear Energy: Unplug Tesla Tax on the Poor
Nonetheless, forcing lower income taxpayers and energy ratepayers to fund the rollout of EV charging stations constitutes a Tesla tax on the less-wealthy. When Marie Antoinette was told that the poor could not afford bread, she reportedly said to “let them eat cake.” For Americans who are struggling in the wake of the pandemic, House […]
Real Clear Policy: Reform Could Offer USPS Enduring Fiscal Health
The USPS has a variety of issues it must remedy before it can adequately fulfill its mission to provide the nation with reliable, affordable, universal mail service. Nevertheless, if the correct procedures are put in place, the agency will be able to provide consumers with valuable services without financially relying on taxpayers. You can read the full […]
OECD Minimum Tax Rate Hurts the U.S. Economy
Last year, the Organization for Economic Cooperation and Development (OECD) announced its two-pillar proposal to pursue the goals of transferring tax rights between nations, targeting profits of larger companies and multinational corporations, and instituting a cross-border minimum tax rate. The G-20 is gearing up for a meeting to discuss the first pillar of placing a […]
OECD Agreement Would Inflict Harm on Consumers
A proposed digital global tax on large tech corporations will be an important agenda item at the next meeting of G-20 finance ministers and central bankers scheduled to take place on April 7th. If an agreement is reached, member nations would place a new tax on large U.S. tech companies like Apple, Google and Amazon […]