Institute on Taxation and Economic Policy (ITEP)

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178 posts
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Debunking the 35 Percent Corporate Tax Myth

• By Richard Phillips

For years, the number one tax policy talking point from corporate lobbyists has been the claim that the United States has the highest corporate tax rate in the world. The story then goes that this high tax rate is driving away business and Congress should move to dramatically lower it. A new study by the […]

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The Border Adjustment Tax Creates More Problems Than It Solves

• By Richard Phillips

In recent weeks, the Republican congressional leadership’s effort to introduce a comprehensive tax reform bill has increasingly faced opposition from major business groups and skeptical lawmakers from across the aisle. The primary source of dissent thus far is that the most prominent tax framework, the House GOP’s “Better Way” tax blueprint, contains a radical provision […]

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Trump Plan to Give Billions in Tax Breaks to Multinational Corporations May Have Bipartisan Support

• By Richard Phillips

There are a lot of troubling components of the tax reform packages being proposed by President-Elect Donald Trump and the House GOP, but one that especially stands out is the push to give companies a tax break on the earnings they are holding offshore. Unfortunately, proposals rewarding the nation’s most egregious tax dodging multinational corporations […]