Senate Democrats’ tax proposals would severely disadvantage U.S. businesses relative to their foreign competitors with tax increases under Foreign-Derived Intangible Income (FDII) and the Global Intangible Low-Taxed Income (GILTI) minimum tax, resulting in fewer jobs, lower wages, and decreased investment in U.S. manufacturing and innovation.
Democrats have also floated retroactive tax increases on the American people.
Years have passed since the fall of the Berlin Wall. This watershed moment in history was highlighted by images of countless East German citizens joyously celebrating as the infamous Berlin Wall was knocked down, thus marking the beginning of the unification of East and West Germany and the eventual fall of the Soviet Union. On … Continue reading Closed borders. No free trade deals. Welcome to socialist Venezuela.
When word got out in January 1848 that gold had been discovered at Sutter’s Mill in Coloma, California, near Sacramento, it triggered the famous California Gold Rush, which in a few short years brought some 300,000 fortune seekers to the territory, whose population at the time was just 155,000, most of them Native Americans. President Trump’s … Continue reading Mexico Tariff Will Attract, Not Deter, Immigrants
Chief White House strategist Steve Bannon's "Dismantle The Administrative State" speech to CPAC was a great prosecution of D.C.'s unaccountable regulatory regime. But it bears no resemblance to Donald Trump's actual Big Government agenda. Trump's agenda of centralized command of the economy, through trade restrictions and expanded social spending, requires the administrative state to be … Continue reading What Bannon’s CPAC speech got wrong
As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.” For those not familiar with wonky inside-the-beltway tax terminology, there are three main things to understand about this proposal. First, the tax rate on business would drop … Continue reading Don’t Ruin A Chance for Tax Reform with “Border Adjustments”