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.
Charts Corporate profits now constitute a record-breaking share of total national income, while corporate taxes contribute a declining share of total federal revenues.
Report The insolvency of the Highway Trust Fund threatens federal transportation programs. Implementing a mileage fee would provide robust funding for decades to come.
A repatriation holiday would cost the United States billions of dollars and would not increase domestic investment.
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 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 reform would lead to significant increases in the country’s tax revenues.
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.
Report A new CAP analysis explores the effects that redistributive tax and transfer programs have on Americans’ risk-taking behavior and labor mobility.
Issue Brief A broad reform is needed to ensure that the corporate tax code enables, rather than impedes, our nation’s economic success.
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.
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.
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.
Issue Brief Reducing or reforming certain tax breaks for high-income individuals and corporations could raise $1 trillion in revenue over 10 years.