Updates / Tax

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By / 4.15.2015

Dear Friend, We’re just back from Europe, where last week PPI led a bipartisan delegation of Congressional staff on a four-day swing through three capitals: London, Brussels and Berlin. Our goal was twofold: 1) to learn more about the European Union’s ambitious plan to create a “digital single market” and, 2) to press PPI’s case […]

By / 4.13.2015

Who will write the new rules of the global tax system? Right now risk-averse bureaucrats at the OECD’s Paris headquarters are busily constructing a new set of tax principles–known as the ‘BEPS project’–that could accidentally squash global growth, as we warned in our recently released policy brief, “Taxing Intangibles: The Law of Unintended Consequences.”* Instead, the […]

By / 9.8.2014

There must be a good word for legislation that produces exactly the opposite result that its supporters intend. I know, let’s call it a “boomerang bill.” The anti-inversion legislation that Treasury Secretary Jack Lew advocated on September 7th is, unfortunately, a classic example of a boomerang bill.  It is intended to stop a feared tidal […]

By / 7.18.2014

Growth should be at the centre of the social democratic agenda. Raising levels of economic security and equality are important goals, but it’s economic growth and innovation that allow high living standards and generous welfare states to be a reality The “5-75-20” essay covers a lot of territory and offers centre-left parties many sensible governing […]

By / 1.24.2014

In an ideal world, Congress would take up tax reform comprehensively, as part of a high-growth strategy. In fact, PPI is currently working on a tax framework for progressives, for how to modernize the entire tax system for individuals and corporations. Unfortunately, the reality is that wholesale reform is not currently a politically viable option. […]

By / 6.27.2013

According to an article in Politico, Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) are releasing a letter to their colleagues to inform them that the Committee will adopt the approach of the Simpson-Bowles Commission’s “Zero Plan”.  Under the “Zero Plan,” lawmakers eliminate all individual and corporate tax expenditures and reduce […]

By / 2.13.2013

President Obama got off on the right foot in last night’s State of the Union address by putting America’s economic revival at the center of his second-term agenda. That was reassuring, since his second inaugural strangely neglected this crucial subject. There’s no more urgent national challenge than building new economic foundations for shared prosperity. More […]

By / 1.4.2013

By all accounts, the recently passed tax deal averting the “fiscal cliff” was a big win for the American people. Among other things, the agreement preserves the full package of Bush-era tax cuts for the middle class and raises rates only on the wealthiest Americans. It also permanently patches the Alternative Minimum Tax so it […]

Writing for the Daily Beast, Will Marshall argues that Obama is in a strong position to challenge the new Congress to pass a fiscal grand bargain early in 2013: The fiscal cliff deal finally passed by the House Tuesday night isn’t likely to lift the public’s rock-bottom esteem for the nation’s elected leaders. It took […]

By / 12.21.2012

Most of us would be lost without our cell phones, tablets, and other wireless devices.  We rely on them so much it’s hard to imagine how we could function without 24 hour access to Twitter, Facebook, and email. That means we are willing to pay up each month – for the service connection charge, one-size-fits-all […]