Tax Policy

Tax Policy

WSJ Op-Ed: On Capital Gains, Joe Biden Is No Jack Kennedy

The Wall Street Journal
JFK knew the importance of encouraging investors to take risks and start companies.

The Biden Tax Plan

Greg Mankiw's Blog
The Tax Policy Center has released its report on Joe Biden's tax plan. Most noteworthy is the huge increase in taxes on high-income households. The...

A Retroactive Tax Hike is Bad Tax Policy

Morning Consult
American taxpayers should understandably be able to rely on the tax code to make sound business decisions to be successful now and in the future and not wonder if their elected officials are going to pull the rug out from under them and possibly even claw back money that is rightfully theirs.

Yang vs. Warren: Who Has the Better Tax Plan?

The New York Times
"The Warren tax may provide an incentive for high-wealth couples to divorce. Whereas a married couple could exempt $50 million of wealth from the tax, two unmarried partners could each exempt $50 million for a total of $100 million. Given the 2 percent tax rate, married couples could avoid $1 million per year in taxes by divorcing..."

Tax reform is working now, and the best is yet to...

Tax reform is working now, and the best is yet to come, says the global chairman and CEO of EY Tax reform is back in...

Capital gains increase at heart of Democrats’ tax-the-rich plans

Bloomberg News
Democratic plans that target wealth that largely comes from capital gains functionally serve as the equivalent of a higher rate on those profits, according to Mark Bloomfield, president and chief executive officer of the American Council for Capital Formation, a lobby and research group.

70 percent tax is total fantasy

The Hill
Raise taxes to 70 percent, and with a click of a computer button, trillions of dollars will escape across the our borders and beyond the grasp of the IRS, which will collect 70 percent of zero dollars. That means zero revenues to fund the federal government.

At Davos, Trump can ensure ‘American First’ isn’t ‘America Alone’

Published in The Hill When German professor Klaus Schwab organized a meeting of European business leaders to discuss global management practices in Davos 47 years...

In the Wake of Tax Reform, Is a Consumption Tax Down...

University of Penn Law
At the American Council for Capital Formation, Bloomfield has been organizing salons for years in the hope that they can serve as vehicles for fomenting policy change and bipartisanship. Since 1982, he’s been assembling four members of Congress, four journalists, and eight business people for honest, off-the-record dinner discussions. “What I pride myself on doing here is bringing people from diverse groups together,” he said.

Prioritize trade, infrastructure to bolster tax reform gains

The Hill
American businesses, big and small, started the New Year with renewed hope after long-awaited comprehensive tax reform became a reality in the final days...

Fox Business: Mark Bloomfield on State of Markets in Early 2018

On Fox Business FBNam Mark Bloomfield discusses the state of the markets in early 2018 and the early impacts of tax reform. Watch the latest...

A Conversation with CEA Chairman Kevin Hassett

On December 7, the ACCF hosted President Trump's Chairman of the Council of Economic Advisers Kevin Hassett for an in-depth conversation on tax reform.

Fox Business News: Tax Reform

On Fox Business Network's Intelligence Report with Trish Regan, Mark Bloomfield discusses how to resolve the SALT deduction dilemma with a proposed cut in the capital gains tax.

‘Dear colleagues, please explain your letter to Steven Mnuchin’

Well-designed tax reform can make the economy stronger and careful economic analysis is essential. Careful analysis is well served by discussion and debate of these issues that is at least as frank and vigorous as what we are all accustomed to in the average economics seminar.

ACCF Scholars: How Tax Reform Will Lift the Economy

In a November 25 letter to Treasury Secretary Steven Mnuchin, ACCF Scholars including Michael Boskin, Douglas Holtz-Eakin, Glenn Hubbard, Harvey Rosen, and John Taylor joined several other leading economists to make the case that the Republican tax reform bills could boost GDP 3% to 4% long term by reducing the cost of capital.

Here’s How the GOP Wants to Change Corporate Taxes in America

ACCF Scholar Gary Hufbauer explains what Congress' proposed tax reform legislation would mean for American businesses.