Corporate Profits and Taxes
Charts Corporate profits now constitute a record-breaking share of total national income, while corporate taxes contribute a declining share of total federal revenues.
Switching from a Gas Tax to a Mileage-Based User Fee
Report The insolvency of the Highway Trust Fund threatens federal transportation programs. Implementing a mileage fee would provide robust funding for decades to come.
Repatriation Holiday: It’s Time To Drop It For Good
A repatriation holiday would cost the United States billions of dollars and would not increase domestic investment.
How the Government Subsidizes Wealth Inequality
Issue Brief Wealth inequality has increased dramatically in recent years, and government subsidies for capital gains and dividends are only making the situation worse by helping the rich get richer.
Pfizer’s Tax-Dodging Bid for AstraZeneca Shows Need to Tighten U.S. Tax Rules
Pfizer’s attempt to move its headquarters out of the United States by acquiring the U.K.-based AstraZeneca corporation highlights why the United States must prevent these kinds of corporate inversions—and why corporate tax reform must not become a race to the bottom.
Top 5 Reasons Why Immigration Reform Means More Tax Revenues
Immigration reform would lead to significant increases in the country’s tax revenues.
Offshore Corporate Profits: The Only Thing ‘Trapped’ Is Tax Revenue
Issue Brief Inducing multinational corporations to “repatriate” offshore profits will have little or no effect on the broader U.S. economy because, by and large, that money is already here. The problem with these accumulated corporate profits is not that they are “offshore”—it is that they are untaxed.
The Impact of Redistributive Tax and Transfer Programs on Risk-Taking Behavior and Labor Mobility
Report A new CAP analysis explores the effects that redistributive tax and transfer programs have on Americans’ risk-taking behavior and labor mobility.
Priorities for Progressive, Pro-Growth Corporate Tax Reform
Issue Brief A broad reform is needed to ensure that the corporate tax code enables, rather than impedes, our nation’s economic success.
Competing Approaches to Tax Reform
Issue Brief President Obama’s balanced approach to tax reform, which eliminates unfair giveaways to the rich, stands in stark contrast to the House GOP’s proposed reforms that favor the wealthy and unfairly burdens poor and middle-class families.
Helping Working Families Build Wealth at Tax Time
Issue Brief The federal government can and should support efforts to help Americans save their paychecks and refunds during tax season.
Infographic: Tax Loopholes for Corporate Jets or Investments in Jobs and Education?
By eliminating a loophole that gives special treatment to corporate jets, Congress could avert cuts that would cost thousands of jobs, hurt millions of disadvantaged students, and force hundreds of thousands of vulnerable families to lose critical nutrition and housing supports this year.
Loopholes in the Estate Tax Show Why Revenue Must Be on the Table
Before Congress sacrifices needed public investments or puts programs that serve middle-class families at risk in the name of deficit reduction, it should ensure that the estate tax is actually paid by the few wealthy estates still subject to it.
Next Round of Deficit Reduction Must Tackle Hidden Spending in the Tax Code
Issue Brief Reducing or reforming certain tax breaks for high-income individuals and corporations could raise $1 trillion in revenue over 10 years.
Congress Should Close the Carried Interest Loophole
Closing the carried interest loophole should be a part of any significant deficit-reduction or tax-reform effort.