The U.S. Congress is engaged in a consequential debate about corporate tax reform. The details will matter, but a competitive U.S. tax system will boost economic growth here at home and level the playing field for U.S. businesses and workers — including Procter & Gamble’s U.S. employees here in Maine. In Auburn, P&G has been […]
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Republicans need a better tax plan for 2017
By Ramesh Ponnuru Bloomberg View It is not 1981 anymore. That is the message of an editorial in the conservative Weekly Standard, which warns Republicans not to design a tax reform patterned on the one that Ronald Reagan signed in his first year as president. Mimicking the Reagan tax cuts is a temptation both because […]
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Charles Krauthammer: Lower corporate tax rates, now
WASHINGTON — The Obama administration is highly exercised about “inversion,” the practice by which an American corporation acquires a foreign company and moves its headquarters out of the U.S. to benefit from lower tax rates abroad. Not fair, says Barack Obama. It’s taking advantage of an “unpatriotic tax loophole” that hardworking American families have to […]
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David Sirota: Should companies have to pay taxes?
Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork. This year, one of the most important revelations came from Microsoft’s filings, which spotlighted how the tax code allows corporations to enjoy the benefits of American citizenship […]
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Rich Lowry: Buffet denounced for betraying America
It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America. Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 re-election campaign, is underwriting Burger King’s proposed move to Canada that the left is […]