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U.S. Effective Corporate Tax Rate Is Right in Line With Its OECD Peers

President Joe Biden’s proposal to raise taxes on corporations has renewed arguments about how much the U.S. should collect from corporations in tax revenue compared to other advanced countries. Advocates of raising corporate taxes argue that the U.S. collects less from corporations compared to its peers and that the U.S. has an unusually low effective […]

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Combined Corporate Rates Would Exceed 30 Percent in Most States Under Biden’s Tax Plan

President Joe Biden’s proposal to raise the federal corporate income tax rate to 28 percent would increase the combined average top tax rate on corporate income to 32.4 percent, highest in the Organisation of Economic Co-operation and Development (OECD), reducing U.S. competitiveness and long-run economic growth. While the focus has been on the federal rate, […]

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President Biden’s Infrastructure Plan Raises Taxes on U.S. Production

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Wyden’s Energy Tax Proposal a Mixed Bag

With the $1.9 trillion American Rescue Act package signed into law, lawmakers are looking for the next issue to tackle. As the Biden administration turns toward infrastructure, Sen. Ron Wyden (D-OR) has suggested including reforms to the way the tax code subsidizes energy production in such a package. Wyden introduced the Clean Energy for America […]

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Economic Analysis of Financing Options for Infrastructure Spending Proposals

As the economic recovery is debated amid the coronavirus pandemic, there have been growing calls to include additional public investment in infrastructure such as transportation, airports, buildings, and broadband. Many have argued that the United States has outdated infrastructure and that has weakened the nation’s economic productivity and global competitiveness. As policymakers start thinking about […]