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2014

Momentum for Business Tax Reform Gaining Steam

Below are excerpts from recent stories demonstrating growing momentum to reform America's corporate tax system, including former President Clinton and leading national editorial boards: Former President Clinton: America has to face the fact that we have not reformed our corporate tax laws. We have t…

ACT Company Spotlight: Emerson and the U.S. Tax Code

Wall Street Journal: Why Corporate Inversions Are All the Rage July 28, 2014 By Walter Galvin Senate Finance Committee Chairman Ron Wyden (D., Ore.) recently called the American tax code a "rotting mess of a carcass." The phrase captures how repugnant the current tax system has become‚ and perhaps m…

Editorial Boards, Economic Experts Call for Renewed Tax Reform Effort

By ACT Staff As the deficiencies of the U.S. tax code continue to make headlines, a growing chorus has emerged to call on U.S. lawmakers to reform our outdated, anti-competitive tax system. Pundits, economists and editorial boards agree: our tax code is broken and must be reformed so that American b…

Economic Experts Agree: U.S. Tax Code Encourages Companies to Relocate Abroad

Last week, two former Administration officials weighed in on the need to update our tax code so it discourages businesses from relocating overseas for tax purposes. Both Austan Goolsbee, the former Chairman of the Council of Economic Advisers under President Obama, and David Walker, the former U.S. …

U.S. Tax Code Complexity Hurts American Businesses, Workers, and Taxpayers

Economists, politicians and citizens everywhere agree that the U.S. tax code is overly complex. For many Americans, this fact remains a distant abstraction for most of the year. Unfortunately, the unpleasant, cumbersome reality is unavoidable on at least one day every year: Tax Day. American busines…

ACT Tax Facts: U.S. Tax Code Encourages Foreign Takeovers of U.S. Companies

As leaders in Washington examine ideas to grow our economy and create more jobs, it's time they reform our nation's outdated tax system so that U.S. companies can compete in the global economy. One consequence of today's noncompetitive tax system is that it encourages foreign acquisitions of U.S. co…

Business Roundtable Analysis on Camp Proposal: Tax Reform Would Strengthen Economy, Create Jobs

Today, the Business Roundtable (BRT) released an analysis of the economic impact of House Ways and Means Committee Chairman Dave Camp's tax reform discussion draft, which was released last month. The analysis was conducted by Rice University Professors John Diamond and George Zodrow, whose well-rega…

ACT Statement on the Release of Chairman Camp's Tax Reform Discussion Draft

Washington, D.C. Today, the Alliance for Competitive Taxation (ACT) issued the following statement regarding House Ways and Means Committee Chairman Dave Camp tax reform discussion draft: "ACT commends Chairman Camp for taking another step today to move comprehensive tax reform forward.¬† Tax reform…

Tax Experts Agree: The U.S. Tax Code is Broken and Needs to be fixed

At a panel discussion on January 29th, co-hosted by the American Enterprise Institute and the Alliance for Competitive Taxation, leading voices in the tax discussion argued that the tax code is out of date and stifling economic growth, job creation and competitiveness. Here are some highlights from …

NYT Op-Ed: Corporate Tax Reform Would Benefit American Workers

Economist Laurence Kotlikoff, in the New York Times: BOSTON JOBS don't grow out of thin air, especially well-paying ones. They require, among other things, companies that are willing to operate where you live. Just ask the Seattle-based District 751 of the machinists union, which was worried that Bo…

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