Economic Policy

Economic Policy

Efforts to Increases Taxes on Oil Producers in Alaska Might Not...

Originally published in Real Clear Energy

As Alaska slips deeper into a recession that began in mid-2014, lawmakers in the 49th state are wrestling with ways to close a $3 billion budget deficit caused, primarily, by an extended period of low oil prices. But increasing the tax burden on the government’s number one source of revenue when the industry is struggling with declining production, increased regulatory costs, and falling profits is likely to collect less, not more for the state’s treasury.

What’s the big deal about trade deals?

Published in Bankrate.com

Wilber says renegotiating U.S. trade deals "will not happen overnight" because the deals are complex and involve many countries and products. "Think about the United States trying to decide which products to go after and then bilaterally trying to sit down with (each) country to arrange that," she says. "It's not very practical."

C-SPAN: ACCF Scholar Gary Hufbauer Discusses Trade Policy

ACCF scholar Gary Hufbauer talks trade policy under the incoming Trump administration on C-SPAN's Washington Journal.

How Donald J. Trump Could Promote Long-Term Economic Growth

Published in New York Times

Dean of Columbia Business School and ACCF scholar R. Glenn Hubbard writes in New York Times that President-elect Trump could give U.S. economic markets a much needed shot in the arm by closing the door on failed efforts at stimulus and overreliance on monetary policy that have held back growth and aggravated economic anxiety for many households and business people.

ACCF Scholar: Fed Policy in the Trump Administration

Aired on Bloomberg Daybreak

John Taylor, Stanford University economics professor and ACCF Center for Policy Research Scholar, discusses the outlook for Fed policy and President-elect Donald Trump's economic policies with Bloomberg's Kathleen Hays and Betty Liu on "Bloomberg Daybreak: Asia."
video

BBC: Bloomfield on Trump Transition

Published in BBC World News

On BBC World News, ACCF President & CEO Mark Bloomfield discusses the intricate details of the presidential transition process.

Clinton and Trump are both wrong about trade deals

Published on CNBC.com

Both campaigns have tapped into voter anger over U.S. job losses and have placed blame solely on our "evil" trade partners. The most recent swipe was a memo released by the Trump camp discussing job losses in Pennsylvania which they attributed to NAFTA and the South Korea trade agreement. The numbers are packaged to be as scary as possible to voters, but any economist will tell you that statistics can be used to spin many different compelling stories. And there is more than one factor at work here.

Cash pool issues still abound under Treasury’s final debt-equity tax regs

Published in The Hill

“The regulations turned the debt-equity world on its head in an attempt to address a perceived inversion problem...”

American University Kogod Business School: ACCF on “Best Ideas to Grow...

“Best Ideas to Grow the Economy,” 50 recommendations from Fortune 500 CEOs, small business owners, startup founders, state and local government officials and thought leaders from across the country.

Apple and Microsoft might be new poster children for tax reform

Published in The Hill

Several news stories this summer demonstrate what many of us already know to be true: Our outdated tax code is keeping much-needed investment money overseas instead of here in the United States.

Op-Ed: Candidates should stump on capital formation

Published in The Hill

By creating a tax system that is conducive to growth, Washington will help U.S. businesses and families focus once again on investing for the future, which will once again spur the kind of growth our economy needs.

Fiduciary Rule Puts Retirement Savers At Risk

Published in Daily Caller

Under the new rule, financial advisors will be burdened with increased compliance considerations and greater legal liability, which will in turn increase the cost and restrict access to affordable retirement advice for many hardworking Americans.

Special Report: Trade Promotion Authority – American Economy & Trade

This special report discusses the importance of TPA in trade negotiations, as well as the positive impact of a system that promotes open markets on U.S. jobs and economic growth.

Making Savings Last During Retirement: Lessons From Behavioral Economics

This report looks at the existing literature on behavioral economics, which has traditionally focused on the accumulation phase of retirement planning, and con- siders the applicability of some of its findings to the payout phase in order to understand how guaranteed lifetime income can be made a natural part of the retirement decision for individuals at varying income levels.

Macroeconomic Effects of Increased Annuitization: A Quantitative Assessment

This paper assesses the impacts of increased annuitization on the U.S. economy through macroeconometric model simulation of a policy initiative currently in the Congress—The Lifetime Pension Annuity for You Act (Lifetime PAY Bill) introduced by Representative Earl Pomeroy (D-ND).