For more on corporate taxes, see Kyle's recent study "U.S. Multinationals Paid More Than $100 Billion in Foreign Income Taxes."
- Audio Commentary: Are Windfall Profits Taxes Good Economics?
Audio Commentary: Are Windfall Profits Taxes Good Economics?
In the wake of record profit reports by several large U.S. oil companies, many lawmakers have renewed calls for a "windfall profits" tax on the industry. The following audio commentary was recorded by Tax Foundation President Scott A. Hodge, exploring the economics of windfall profits taxes.
To listen, please click the link below.
Tax Foundation Fiscal Fact No. 264
Every day, news headlines highlight the rising price of crude oil. An article on the determinants of oil prices, ominously titled "The Price of...
Tax Foundation Fiscal Fact No. 263
Facing a $3.2 billion deficit, newly elected Connecticut Governor Dannel Malloy (D) recently proposed a FY 2012 budget that would increase taxes by $1.5 billion, cut spending by $...