Economic Policy

For nearly thirty years, the ACCF and its research affiliate, the ACCF Center for Policy Research, have brought the message to U.S. and international policymakers, the media, and the public that a nation's strength and stability depend upon well-thought-out economic, regulatory, and environmental policies to promote capital formation, economic growth, and a higher standard of living for all.

Research Publications & Testimony

  • Why Is Capital Investment Consistently Weak in the 21st Century U.S. Economy?

    A new report sponsored by the ACCF and completed by The Aspen Institute program on Manufacturing and Society in the 21st Century and the MAPI Foundation explores the various causes of sluggish capital investment, discusses the damaging implications this ongoing trend has had on U.S. productivity and economic growth, and finally suggests policy recommendations to stop the slide.

  • Special Report: Trade Promotion Authority – American Economy & Trade

    The President’s 2014 Trade Policy Agenda stresses the critical role of trade and investment in the Administration’s strategy to create jobs, promote growth and strengthen the middle class. However, Congress has failed to grant Trade Promotion Authority (TPA) to the Executive Branch since the last one expired on July 1, 2007. This special report discusses […]

  • Special Report: A Higher Tax Rate on Dividends: Would it Impact U.S. Economic Recovery and Capital Formation?

    The ACCF CPR presents this Special Report to help policymakers, the public and the media understand the short and long run consequences of raising tax rates on dividends.

  • The Impact of Raising Tax Rates on Individual Capital Gains

    Background

    Even though the recession has been officially over since 2009, the U.S. economy continues to struggle with high unemployment and sluggish economic growth. Decision makers face major uncertainties, including the scheduled expiration of decade old tax reductions for families and individuals at all income levels, the so-called “Bush Tax Cuts.” One component of the expiring tax cuts is the individual capital gains tax rate. Without any action, the top individual capital gains tax rate will increase to 20% from the current top rate of 15%. As a result of the recently passed 2010 health care legislation, there will be an additional 3.8% tax on unearned income beginning in 2013. Coupled with the 2013 scheduled restoration of the “Pease Limitation” on itemized deductions (which will impose roughly a 1.2% marginal rate on capital gains), individuals will face a top federal rate on capital gains of 25%. This sharp 67% increase on investment income will no doubt have negative consequences on an already struggling U.S. economy. This testimony presents evidence on the impact of capital gains taxes on entrepreneurial activity, discusses how the U.S. tax rate compares to our trading partners and how letting the tax rate rise will impact the overall U.S. economy and job growth.

Recent Articles

  • Why Is Capital Investment Consistently Weak in the 21st Century U.S. Economy?

    A new report sponsored by the ACCF and completed by The Aspen Institute program on Manufacturing and Society in the 21st Century and the MAPI Foundation explores the various causes of sluggish capital investment, discusses the damaging implications this ongoing trend has had on U.S. productivity and economic growth, and finally suggests policy recommendations to stop the slide.

  • A Bipartisan Breakthrough on Trade

    Washington, D.C., witnessed a rare but welcome event this week when Republican leaders decided to back President Obama’s request for “fast track” trade authority. This would establish negotiating guidelines for the president and guarantee him an up-or-down vote in Congress on any trade deal he signed. This in no way means that the fight is […]

  • We need trade promotion authority more than ever

    Trade promotion authority is showing signs of life as Republican congressional leaders and senior White House officials try to forge ahead on the one critical area on which they share common ground.  The usual battle lines have been drawn.  Top business groups are urging passage to grant authority for negotiating trade deals.  Union leaders have […]

  • Op-Ed: Trade Policy Is Low-Hanging Fruit for a Bipartisan Win

    To remain viable in the eyes of a very dissatisfied electorate, Congress and Obama must chalk up a bipartisan win. As a low-hanging fruit that has enjoyed across the aisle support in the past, TPA may be just the ticket to an economic victory domestically and globally.

Energy and Climate Change Policy

ACCF is an internationally recognized economic authority on energy and environmental policy issues. Because energy use and economic growth go hand in hand, policymakers should develop a flexible, long-term approach to reducing the growth of greenhouse gases (GHGs). This will require a global effort based on technological innovation and technology transfer to developing countries where GHG emissions growth is most rapid. In addition, U.S. tax policies should be reformed to reduce the cost of capital for new energy efficient and pollution control technologies.

Research Publications & Testimony

Recent Articles

  • Three Reasons The Pacific Trade Pact Is Critical to U.S. Economy

    Trade policy geeks have been enjoying a rare but interesting clash of titans in Washington, D.C. The fight over trade promotion authority (known by some as fast track) unveiled a deep division within party lines and provided for strange bedfellows. In a dramatic fashion that only Washington can muster, the agreement on trade promotion authority […]

  • New study urges lift ban on oil exports

    CARLSBAD >> A handful of experts released a joint study saying that lifting the ban on exporting crude oil would benefit the U.S. economy. “The Economic Case for Lifting the Crude Oil Exports Ban” study lists benefits such as a growth in jobs and an overall boost to the U.S. economy. According to a news release […]

  • Paper: Economists Call for Crude Oil Exports

    The economic case for allowing US crude oil exports is set out in a new paper (“The Economic Case for Lifting the Crude Oil Exports Ban”) released June 3 by Dr. Margo Thorning, senior vice president and chief economist of the American Council for Capital Formation, and Dr. William F. Shughart II, research director and […]

  • Economists call for end to U.S. oil export ban

      WASHINGTON — The economic case for allowing U.S. crude oil exports has been laid bare by a new paper released Wednesday. After a thorough review of five highly respected, rigorously sourced macroeconomic studies, Dr. Margo Thorning and Dr. William F. Shughart II laid out the significant domestic economic benefits as well as the geopolitical […]

Tax Policy

For three decades, the American Council for Capital Formation has been a leading and effective advocate of sound economic policies to promote sustained economic growth, job creation, and international competitiveness. With its bipartisan approach, the breadth and diversity of its support in the business community, and long experience working with policymakers and the media, the ACCF has been instrumental in focusing attention on the need for economic policies to enhance capital formation.

Research Publications & Testimony

Recent Articles

  • What’s Behind Ron Wyden’s Bipartisanship

    Mark Bloomfield in WSJ’s Think Tank: Amid Washington’s usual gridlock, there are occasional moments of bipartisanship, such as when Sen. Ron Wyden (D., Ore.) recently joined with Senate Finance Committee Chairman Orrin Hatch (R., Utah) and House Ways and Means Committee Chairman Paul Ryan (R., Wis.) to introduce Trade Promotion Authority legislation.

  • Overhaul the Tax System Like It’s 1913, Not 1986

    Two weeks from Tax Day, taxpayer frustration is high. As lawmakers seek a path to tax reform, the lessons of the Revenue Act of 1913 and the Tax Reform Act of 1986 might be helpful to recall. In 1913, the major source of revenue for the government was a complex, lobbyist-driven set of tariffs, which had become politically unpopular and economically unsound. […]

  • Enough Common Ground for Corporate Tax Reform in 2015

    By Mark Bloomfield House Ways and Means Committee Chairman Paul Ryan, Senate Finance Committee Chairman Orrin Hatch, and President Barack Obama all say that corporate tax reform is doable in 2015. But to be realistic, it has to be done in the next five or six months–before the 2016 elections make it too difficult. That is why “Getting to […]

  • John Whitehead, a remarkable man

    The Hill is the magazine of and about Congress, but perhaps the story of a man who made his mark outside of Washington could provide an instructive perspective for those who serve inside Washington. Integrity, generosity and passion defined John Whitehead. He was an investment banker, public servant and philanthropist, who recently passed away at […]