Publications
Revenue-Raising Proposals in President Biden’s Fiscal Year 2024 Budget Plan
• By Steve Wamhoff
President Biden’s latest budget proposal includes trillions of dollars of new revenue that would be paid by the richest Americans, both directly through increases in personal income, Medicare and estate taxes, and indirectly through increases in corporate income taxes.
Revenue-Raising Proposals in President Biden’s Fiscal Year 2023 Budget Plan
• By Steve Wamhoff
President Biden's latest budget plan includes proposals that would raise $2.5 trillion in new revenue. While many of these reforms appeared in his previous budget, some of them are brand new, such as his proposal to prevent basis-shifting in partnerships and his Billionaires Minimum Income Tax.
Trump Tax Cuts Likely Make U.S. Corporate Tax Level Lowest Among Developed Countries
• By Richard Phillips
U.S. corporate tax collection was equal to 2.2 percent of the nation’s gross domestic product (GDP) in 2016, significantly less than the average 2.9 percent collected by the other 34 other OECD countries for which data were available.
The U.S. Is One of the Least Taxed Developed Countries
• By Richard Phillips
The most recent data from the Organization for Economic Cooperation and Development (OECD) show that the United States is one of the least taxed of the developed nations.
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