Tax Policy

To improve an otherwise good tax plan and avoid raising the burden on capital gains, Congress should reduce the top federal rate to the pre-Obama level, 15%.

The business tax plan being promoted by President Trump, and its close cousin released by House leadership this week, start with a good idea but then descend into an unworkable mess. Fortunately, the flaws can be fixed, if policymakers are willing to be bold.

Statement from the American Council for Capital Formation on the unveiling of House Republican tax reform legislation.

Published in Washington Times

There is a free lunch for a government that desires to increase revenues in order to “pay” for more middle-income tax cuts. Reduce the maximum capital gains tax rate to 15 percent and remove the capital gains tax from commodity transactions.

Compared with 1981 and 2001, revenue is down and the debt is way up as a share of GDP.

ACCF President and CEO Mark Bloomfield joins President Obama's former Chairman of the Council of Economic Advisers Austan Goolsbee for a discussion on the...

Published in E&E News

The analysis from the American Council for Capital Formation says tax changes could improve the investment climate in three ways, including through enactment of lower tax rates and elimination of interest deductions.

President Trump and Congress have much to do before tax reform becomes a reality. However, recent revelations have set the stage for making fundamental tax fixes that will help American workers in a real way, keep the Michigan on an upward trajectory, and get the American economy back on track again.

Corporate reform belongs as part of a middle-class oriented tax reform.

Trump needs to stress the growth payoff and rebut falsehoods from critics at the Tax Policy Center.

American companies are charged taxes in this country on the foreign earnings, on top of the tax payments owed the host government, and the United States is the only major industrial nation with that requirement.

The American Council for Capital Formation (ACCF) applauded today’s tax plan released by the White House and House Republicans.  The elements crafted by the Big Six are critical to unlocking America’s economy and achieving much-needed growth.

Even amid low crude oil prices and a difficult market, the oil industry employs 10 million Americans and serves as a pivotal engine for economic growth. We simply can’t afford to let bad policy — in Alaska or anywhere else — add to the challenges faced by one of our nation’s most important job creators.

The sure footing that American businesses so desperately need to form capital and generate growth requires a long game and an enduring vision by our nation's leaders. That won’t happen unless Congress comes together first to pass a budget.

Published in The Hill

The sure footing that American businesses so desperately need to form capital and generate growth requires a long game and an enduring vision by our nation's leaders. That won’t happen unless Congress comes together first to pass a budget. It is critical that lawmakers discharge their duty and get that job done quickly.

Published in Richmond Times Dispatch

In adhering closely to the goals of making our tax system more conducive to capital investment, better suited to job growth, and less costly for taxpayers, lawmakers have an opportunity to make a real difference for our nation’s economic future. This fall, lawmakers should not pass up this opportunity.