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.
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 The federal government can and should support efforts to help Americans save their paychecks and refunds during tax season.
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.
Closing the carried interest loophole should be a part of any significant deficit-reduction or tax-reform effort.
Our new plan addresses some of the most serious flaws in the federal tax code while raising additional revenue to be used for deficit reduction, and at the same time offering changes to government spending.