Amity Shlaes argues that the payroll tax cut for 2011 jeopardizes U.S. growth in the longer run. When a showcase contract like Social Security is compromised, citizens' faith in other contracts, public or private, begins to fray and their willingness to invest or hire weakens.
In the face of a weak job market in the near term and an unsustainable budget deficit over the longer term, Peter Orszag argues that we should extend the Bush-era tax cuts for two years and then end them altogether.
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.
Matthew Slaughter argues that tax increases on the foreign operations of U.S. based multinationals would not create American jobs, but destroy them. For many global firms there is an inherent complementarity between foreign and U.S. operations.
Both parties seem to agree that the way to get Americans back to work is to create the right incentives. But Amity Shlaes argues that there may be too much "nudging" going on. Perhaps having too many "choice architects" is making the recovery unsatisfying.
The corporate tax code should explicitly promote the international competitiveness of American businesses and encourage innovation by providing incentives for the drivers of productivity and innovation, says Robert D. Atkinson in this Information Technology and Innovation Foundation report.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.