According to the University of Pennsylvania’s Penn Wharton Budget Model, tax increases passed by the Ways and Means Committee on the income American companies earn abroad would harm their ability to compete with foreign-headquartered companies.

The Penn Wharton study found the bill’s changes to the U.S. minimum tax on foreign…


Today’s Congressional Budget Office report shows that, despite political rhetoric to the contrary, U.S. corporate tax revenues in 2021 tied for the highest in history, matching the record reached in 2007. Notwithstanding the ongoing global pandemic, U.S. corporations are contributing to the federal government’s finances at robust levels. Corporate tax…


Democrats agree that raising taxes will harm U.S. competitiveness in global markets

Three congressmen from Texas — Reps. Vicente Gonzalez, Filemon Vela and Henry Cuellar — sent a letter to Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer urging them to rethink proposed changes to the international tax framework…


Current proposals would increase taxes by trillions of dollars — find out how those tax hikes would affect Americans across the country.

Corporate taxes may appear to target corporations, but economists agree: people bear the cost of corporate tax increases. …


The unintended consequences of corporate tax increases will stifle growth when we need it most

After more than a year of coronavirus-caused closures, the U.S. economy is showing signs of recovery and growth. As businesses re-open, Americans are beginning to travel, dine at restaurants and shop in stores once again.


A new analysis prepared by the nonpartisan staff of the Joint Committee on Taxation finds that more than 169 million American families earning less than $500,000 would end up paying for the Administration’s proposed increase in corporate taxes. …


Polls often show that people believe tax increases, even if targeted at corporations, will end up hurting middle-class families. And there’s good reason they think that.

Government and academic analyses conclude that everyday people bear the burden of corporate taxes. For example, a 2016 study from then-President Obama’s Treasury Department…


As policymakers consider changing America’s tax code, they must think through the unintended consequences to these changes and how any modifications would affect the competitiveness of U.S. companies — and the tens of millions of Americans who work for them.

At a recent panel, hosted by the Alliance for Competitive…


Between 2018 and February 2020, before the Covid-19 pandemic began, America saw strong economic growth — with jobs, household income and wages all increasing. This period of growth was accelerated by tax reforms that put the U.S. corporate rate in line with other countries.

Thankfully, America is now getting back…


The U.S. Treasury Department calculates that roughly half of the corporate income tax is borne by families earning less than $400,000 in annual income. These families will bear the cost of any increase in corporate taxes.

Even though a corporation physically writes the check to the Internal Revenue Service when…

Alliance for Competitive Taxation

The Alliance for Competitive Taxation promotes U.S. jobs, investment and rising incomes through the establishment of a competitive U.S. tax system.

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