Karl Smith is an adjunct scholar with the Tax Foundation, where he advises on federal tax and economic issues.
Mr. Smith is also a member of the editorial board at Bloomberg and an opinion columnist there, where he writes on a broad range of current economic issues. Mr. Smith’s opinion and analysis pieces have been featured in outlets including: The Financial Times, Forbes.com, The Atlantic, Foreign Policy, Foreign Affairs, and The Washington Post.
Prior to Bloomberg, Mr. Smith was a professor of economics at the University of North Carolina at Chapel Hill. In 2008, he founded an internationally recognized economic policy blog titled Modeled Behavior, with a related, similarly recognized social media presence.
Mr. Smith holds a PhD in economics from North Carolina State University.
As U.S. businesses struggle to recover from the economic downturn, Congress and the White House continue to debate a phase four relief package, which could include anything from incentives for domestic travel and a payroll tax cut to more fundamental reforms like enacting permanent full cost recovery.
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What are the best tax policies to encourage a smooth transition and strong economic recovery? How should goals of economic recovery and growth be balanced with revenue needs?
1 min read
Rather than find ways to restrict net operating loss (NOL) carrybacks, lawmakers should focus on ways to improve liquidity by cashing out accrued NOLs, which would benefit startups and new small businesses without taxable income to offset in prior years.
3 min read
What challenges should we expect to face as the U.S. economy begins to re-open? When is the right time for legislators to start focusing on long-term recovery vs. short-term needs? What policies should federal legislators pursue to clear a path to recovery?
1 min read
Governments at all levels must work to remove the tax policy barriers that stand in the way of economic recovery and long-term prosperity following the COVID-19 crisis. Our new guide outlines several comprehensive options that policymakers can take at the federal and state levels.
26 min read
What could the next phase of relief look like and what role does tax policy play in ensuring the U.S. and countries around the world make a strong economic recovery?
1 min read
House Speaker Nancy Pelosi (D-CA) has suggested that a retroactive repeal of the cap on State and Local Tax (SALT) deductions should be included in any future stimulus plans.
3 min read
New modeling finds that the wealth taxes proposed by Sen. Warren and Sen. Sanders would raise significantly less revenue than promised, face serious administrative and compliance challenges, and would increase foreign ownership of U.S. capital.
38 min read