Adam Michel
@adamnmichel
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Director of Tax Policy Studies @CatoInstitute. @JECRepublicans, @Heritage, @mercatus, @GeorgeMasonU alum. Opinions are my own.
Joined March 2011
RT @TaxNotes: Don’t miss the next installment of Taxing Issues on September 10!. Our panelists – Lauren Collins, @adamnmichel, and Stephani….
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RT @adamnmichel: Don't be fooled. There is no upside to these deals. Not even the revenue. Read the full piece here: ..
marketwatch.com
Trump is not just putting the White House at the center of U.S. business. He’s also inventing novel ways to tax corporate America, consumers and employees.
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Don't be fooled. There is no upside to these deals. Not even the revenue. Read the full piece here: .@CatoInstitute.
marketwatch.com
Trump is not just putting the White House at the center of U.S. business. He’s also inventing novel ways to tax corporate America, consumers and employees.
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Novelty isn’t a virtue in tax policy. Sound tax systems require neutrality. Trump’s improvised taxes do the opposite. Novel payments to the govt for merger approval or market access are extortion, not capitalism.
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Trump has a bad habit of nickel-and-diming the American people. Deals with Intel, Nvidia, and Nippon are not just bad economics; they are terrible tax and fiscal policy. I explain in my latest @MarketWatch op-ed ⤵️
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RT @DavidADitch: This is an area where the benefits are much larger than the budgetary savings.
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I liked the days when Republicans wanted you to be able to do your taxes on a postcard!.
Notwithstanding OBBBA, the federal tax code remains a complicated behemoth. Our latest estimate puts compliance cost at about $536 billion a year, nearly 1.8% of GDP. That is about how much corporate tax revenue the federal government will collect this year.
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RT @EconoWill: Notwithstanding OBBBA, the federal tax code remains a complicated behemoth. Our latest estimate puts compliance cost at abou….
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As I've said before:
Senate appropriators should follow the House's lead on zeroing out funding for the @OECD. "The Committee does not support the work of the OECD that promotes higher tax rates, corporate tax floors, and digital tax schemes that target American taxpayers.".
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Quote from committee report: . h/t story by @cady_stanton @doug_sword .
taxnotes.com
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
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Senate appropriators should follow the House's lead on zeroing out funding for the @OECD. "The Committee does not support the work of the OECD that promotes higher tax rates, corporate tax floors, and digital tax schemes that target American taxpayers.".
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This is also rich coming from China: . China went further, stating that any approach that targets one country “is a violation of the principle of fair competition.".
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"Belgium said a solution that fully exempts US companies from the minimum tax’s provisions would pose a 'potential risk to the overall integrity and coherence' of the global minimum tax." . The OECD tax losing ‘integrity and coherence’ assumes it had some to start with.
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For anyone in the admin looking for some summer beach reading, I’ll just leave this here: . 2019 Economic Report of the President, Chapter 8: Markets vs. Socialism
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See work by @CatoEdwards on reviving federalism: . “An important way to tackle America’s debt problem is to devolve a large part of federal spending to the states, allowing them to fund it themselves.”.
GOP should use Reconciliation 2.0 to go all in on federalism. Empower the states. Encourage experimentation. Go BIG!.
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RT @CatoInstitute: President Trump fired the Bureau of Labor Statistics Commissioner after weak job numbers and then nominated a partisan r….
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