Authors: Grover Norquist and Andrea Louise Campbell
Andrea Campbell tips her hand partway through her essay "America the Undertaxed" (September/October 2012) when she writes that "the central debate in U.S. politics is whether to keep taxes, particularly federal taxes, at their current levels in the long term or emulate other advanced nations and raise them."
Executing policy through tax breaks and other indirect measures encourages Americans to think that they do not rely on the government for help, even when they do. The result is a distorted public discourse and an erosion of democratic legitimacy.
As the White House releases the 2013 budget, corporate taxation could be an issue where Congress can find compromise in fiscal policy. Both parties agree the current corporate tax regime is inefficient and often disadvantages U.S. businesses globally.
Most lawmakers agree corporate tax reform is an important step in improving U.S. global economic competitiveness, but a debate over rate levels and whether to tax foreign profits of multinationals remains unresolved.
Outsourcing remains a contentious political issue as lawmakers, analysts, and business leaders debate its effect on U.S. job creation and the role of corporate tax policy in shipping jobs overseas, explains this Backgrounder.
The most recent PricewaterhouseCoopers tax rate study shows that we have undergone a period of significant growth, followed by a sudden economic downturn, and currently, a slow but inconsistent recovery.
Maintaining the president's higher spending levels will require raising taxes for all Americans, including an 11 percent increase on those earning less than $200,000, writes Glenn Hubbard, economic adviser to Mitt Romney.
Authors: Leon Bettendorf, Michael Devereux, Simon Loretz, and Albert van der Horst
The European Commission has launched proposals to radically reform corporate income tax in the EU with a system known as the Common Consolidated Corporate Tax base. This column in Voxsuggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP and efficiency.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
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