Gary Hufbauer is the Reginald Jones Senior Fellow at the Peterson Institute for International Economics.
A seminal thinker and world-renowned expert on international trade, commerce, and taxation, for the past...
During last night's presidential debate, President Obama once again referred to "tax breaks for shipping jobs overseas." Mitt Romney then remarked that he wasn't sure what the President was referring to, joking that he ought to get a new accountant. We're not positive what Obama was specifically referring to either, however, he was likely talking about the commonly misunderstood issue of tax deferral:
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Yesterday, the Senate approved a three month extension of the Highway Trust Fund. The bill, called the Surface Transportation and Veterans Health Care Choice Improvement Act, would fund the Highway Trust Fund until...