A tax loophole is allowing American companies to avoid paying billions of dollars in corporate taxes. TCF policy associate Mike Cassidy explains TCF fellow Ed Kleinbard’s simple plan to end inversions and bring that tax revenue back home.READ MORE
For years, chief executives have complained bitterly about the United States corporate tax code, arguing that it is too complicated and that rates are too high. The issue has reached a near boiling point this summer as many large American companies have sought to buy smaller foreign rivals so they can renounce their United States corporate citizenship and reincorporate overseas to lower their tax bills. Others are considering the move, known as an inversion.
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By Jeff Madrick
Published by Knopf, August 15, 2014
The author of the widely praised Age of Greed now gives us a bold indictment of some of our most accepted economic theories—why they're wrong, the harm they've done, and the theories that would vastly improve on them.Continue Reading
We can’t literally turn five loaves and two fishes into food for thousands. But thanks to fiscal multipliers, we can turn $100 of spending on food stamps into $180 in economic activity. TCF policy associate Mike Cassidy explains how.READ MORE
Are shopping malls the solution to the MTA’s financial woes? TCF policy associate Jacob Anbinder says that developing the areas around some of the system’s least-used stations could help to offset some of MTA’s operating deficits.READ MORE
The contentious debate over immigration in both the U.S. and Europe is largely based on the worry that immigration hurts domestic workers, particularly low-skilled workers. But is this actually true? Could this concern over immigration be misplaced? Could it be that immigrants actually help native workers?
New research on this topic suggests that they do help. In particular, a recent paper by noted immigration researcher Giovanni Peri and his co-authors Michele Battisti, Gabriel Felbermayr and Panu Poutvaara finds that "both high-skilled and low-skilled natives would benefit from a small increase in immigration from current levels."
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In recent decades, and especially since 2000, the richest Americans have enjoyed soaring income and wealth while the rest of the population's living standards have stagnated. The Century Foundation was one of the first institutions to raise serious concerns about these trends and propose ideas for improving economic conditions for all Americans- not just the fortunate few.
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