Blog

Blog

Agenda 2016: Reviving U.S. Economic Growth

The Progressive Policy Institute (PPI) teamed up with Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy to co-host a compelling symposium Nov. 6-7 in New York on revitalizing the U.S. economy. The event featured a distinguished roster of Richman Center economists and scholars, as well as PPI analysts and special guests,…

Understanding the Meaning of BEPS for the United States

Multinationals are about to get hit with a big tax penalty for operating in the United States. Is it finally time for corporate tax reform? On Monday October 5 the OECD will release the "final package of measures for a co-ordinated international approach to reform the international tax system."  These BEPS recommendations (standing for Base Erosion…

PPI Returns from 2015 Digital Trade Mission to Europe

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…

Should the US consider a patent box?

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…

Anti-inversion legislation: A “boomerang bill”

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…

Giving up on economic growth?

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…

Encouraging Investment in America

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.…

Senate Finance Committee Will Adopt Approach of “Zero Plan”

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…

State of the Union 2013: Right Direction, Wrong Speed

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…

What Americans Didn’t Get from the Fiscal Cliff Tax Deal

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…