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Tax Reform

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Rewarding Tax-Time Savings Through Existing Law

The Internal Revenue Service can make administrative changes to help taxpayers qualify for the Saver’s Credit and boost their retirement savings.

U.S. Patent and Trademark Office

Patent Tax Dodge: Why the Patent Box Does Not Answer America’s Need for Tax Reform

Although it may reduce multinational corporations’ incentive to engage in profit shifting, the patent box acts more like a budget sieve than as true tax reform.

Capitol

Economic and Fiscal Debates Must Distinguish Between the Short Term and Long Term

Failing to distinguish short term from long term often confuses the federal budget debate, as was the case in a recent article about a Center for American Progress report co-authored by Antonio Weiss.

tax forms

Congress Needs to Get Its Priorities Straight on the Tax Extenders

The early reports of a possible deal on tax extenders show how Congress has abandoned the concepts of fairness and efficiency.

The Skinny on Corporate Inversions

article icon Issue Brief A growing number of U.S. companies are using corporate inversions to change their corporate residence—and to avoid U.S. taxes in the process. Here’s what Americans need to know.

umbrellas

The Middle-Class Squeeze

book_alt2 icon Report America's middle class is being squeezed by stagnant—and in many cases declining—incomes and rising costs. To address the middle-class squeeze, we need to enact policies that will both increase incomes and also address rising child care, higher education, health care, housing, and retirement costs.

oval office

The Growing Consensus to Improve Our Tax Code

book_alt2 icon Report Despite the political gridlock over taxes, there are actually many areas on which both sides agree. Policymakers should start here to improve our tax system.

Wall street stocks

Corporate Profits and Taxes

bars icon Charts Corporate profits now constitute a record-breaking share of total national income, while corporate taxes contribute a declining share of total federal revenues.

electric car

Switching from a Gas Tax to a Mileage-Based User Fee

book_alt2 icon Report The insolvency of the Highway Trust Fund threatens federal transportation programs. Implementing a mileage fee would provide robust funding for decades to come.

passports

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.

Carnegie's Skibo Castle

How the Government Subsidizes Wealth Inequality

article icon 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 logo

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.

immigration, taxes

Top 5 Reasons Why Immigration Reform Means More Tax Revenues

Immigration reform would lead to significant increases in the country’s tax revenues.

Cayman Islands tax haven

Offshore Corporate Profits: The Only Thing ‘Trapped’ Is Tax Revenue

article icon 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

book_alt2 icon Report A new CAP analysis explores the effects that redistributive tax and transfer programs have on Americans’ risk-taking behavior and labor mobility.

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