The Transatlantic Balancing Act
By:This year, policymakers in Brussels have been closely monitoring shifting dynamics in Washington, DC. Fiscal pressures are rising, and growth is scarce for European economies. But instead of spectating, European policymakers in EU institutions and national capitals should chart the most productive way forward.
While US policy shouldn’t be ignored, European leaders can foster a more competitive economy by leveraging strategic takeaways from their DC counterparts.
Three lessons from the US should be clear. First, taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. certainty matters. Second, protectionism is a dangerous game. And third, multilateral work requires pragmatism, not idealism.
This is a preview of our full op-ed originally published in Bloomberg Tax.
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Daniel Bunn is President and CEO of the Tax Foundation. Daniel has been with the organization since 2018 and, prior to becoming President, successfully built its Center for Global Tax Policy, expanding the Tax Foundation’s reach and impact around the world. Prior to joining the Tax Foundation, Daniel worked in the United States Senate at the Joint Economic Committee.