[Kyle Pomerleau| November 23, 2016 |The Tax Foundation] The House GOP blueprint will likely be the starting point for the tax reform debate in 2017. As with most tax reform plans, it proposes to reform the current system of taxing U.S. multinationals’ foreign profits. Under current law, U.S. multinationals are taxed on their worldwide income…
[Bob Davis| November 22, 2016 |The Wall Street Journal] Give China big credit for Donald Trump’s electoral victory, say prominent economists who study the impact of China on the U.S. economy. Rising imports from the Asian powerhouse made parts of the Midwest and Southeast more receptive to Mr. Trump’s anti-China, anti-free trade message, they found. A…
[Richard Rubin| November 24, 2016 |Wall Street Journal] WASHINGTON—Fault lines inside the corporate world are emerging over a proposed rewrite of the U.S. tax code, pitting importers against exporters. At the heart of the fight is a Republican plan in Congress that would impose corporate taxes on imports while eliminating them from exports, a move that would upend decades of tax…
[Max Ehrenfreund| November 23, 2016 |Washington Post] White Americans without a college degree are becoming more likely to die in middle age, reversing decades of progress toward better health. Researchers first noticed this worrisome trend last year. They pointed to increases in opioid abuse, obesity and suicide among the causes of death, but what caused these increases…
By Michael Stumo While identity politics was a big part of the media’s election narrative, those issues did not actually drive voters’ election choices. Instead, exit polls showed they voted on the basis of the economy, not identity. There are still competing narratives about how the election was won. Some say racists prevailed to elevate…
[Greg Autry| November 22, 2016 |Forbes] KIRK: Twenty? I can’t run a starship with twenty crew. WESLEY: The M-5 can. KIRK: And what am I supposed to do? WESLEY: You’ve got a great job, Jim. All you have to do is sit back and let the machine do the work. -“The Ultimate Computer”, Star Trek, 1968 One clear message…
[Alex Buggae| November 22, 2016 |Yahoo] LISBON (Reuters) – The incoming head of the United Nations warned on Tuesday that “losers of globalization” in rich countries have felt ignored by establishment politicians, prompting them to turn to nationalist agendas, as in the U.S. election and Brexit referendum. Antonio Guterres, elected in October to take over…
“CPA applauds President-elect Trump for keeping his campaign promise to withdraw from the TPP,” Stumo said on Nov. 22. “The TPP could not be fixed, so tweaking it was not a realistic option. If there was a mandate in this wave election, it was that the previously forgotten working class rightly rejected the globalist tendencies…
[John Hayward| November 16, 2016 |Breitbart] Economist Alan Tonelson, founder of the economics and public policy blog RealityChek, joined SiriusXM host Alex Marlow on Wednesday’s Breitbart News Daily to talk about Donald Trump’s vision for the economy. Tonelson said it was “painfully clear” that “tens of millions of American voters were reacting to not only the version of…
By Michael Stumo I was in Washington last week discussing future trade policy with both GOP and Dem offices. What struck me is the focus on process in trade deals and a discomfort with performance based goals. Let’s say we renegotiate NAFTA. What should we do? Many congressional offices that want trade reform have a…