For more on corporate taxes, see Kyle's recent study "U.S. Multinationals Paid More Than $100 Billion in Foreign Income Taxes."
- The Tax Policy Blog
- Can You Do Better Than the Super Committee?
Can You Do Better Than the Super Committee?
The Super Committee has failed to come to an agreement on what to do about the nation's finances. Think you could figure it out? The Pew Fiscal Analysis Initiative has a great new federal budget tool to aid you. The Pew Budget Challenge allows you to choose how to change spending and taxes in order to get the debt-to-DGP ratio down to 60% of GDP by 2021. You can even define your own baseline, if you are so inclined. You are limited to about 100 specific options they provide, which are based on previous analysis performed by CBO and JCT, meaning you can't "eliminate the department of commerce" or "enact the Buffett rule." Still, it helps put a little context with some of the ideas that have been floating around Washington.
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.