Former VP of Tax Policy. @UWBadger alum. Dog lover. Running thru life in heels. Tweets are my own.
Washington, DC
Joined June 2010
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Caroline L. Harris retweeted
NYT/Krugman and WSJ Ed Page agree with me re targeting oligarchs – not usually much overlap there!
Caroline L. Harris retweeted
Prof. Hines: When you raise the business tax rates, companies do less investments—they do less of everything.
Exactly @SenToddYoung! Raising the corporate rate hurts the exact workers that the President has pledged to protect. Preserve the #rate!
Absolutely, @SteveDaines! There’s a very strong case for preserving a competitive corporate tax rate. I wrote more on this here: uschamber.com/series/above-t…
Completely agree, @senrobportman! Changes to #GILTI hurt our competitiveness. Read my blog post here: bit.ly/3fdBUA6
⬇️ as noted by @SecYellen “most other headquarters’ jurisdictions impose no tax on the foreign earnings of their domestically-headquartered multinationals”...
⬇️⬇️ Can’t be repeated enough. Corporate. Taxes. Are. The. Most. Harmful. For. Economic. Growth.
"Corporate taxes are the most harmful type of tax for economic growth." -OECD, Tax Policy Reform and Economic Growth
oecd.org/ctp/tax-policy/tax-…
Caroline L. Harris retweeted
If American companies are to keep PACE with foreign competitors like China, we cannot afford to increase tax rates. We must work to maintain a competitive rate that supports investment in the American economy and builds jobs at home. @SenFinance
#TCJA promoted biz investments in plants & equipment, increased jobs, & encouraged biz to return to US. We can't afford to go backwards!
Today’s @SenFinance hearing on How U.S. International Tax Policy Impacts American Workers, Jobs, and Investment highlights the catastrophic consequences tax increases would have on American jobs and investment at home and abroad.
Thanks to the @CNBC @SquawkStreet team for the chance to talk about why #tax hikes are bad and #infrastructure investment is good! @ChamberMoves #InfrastructureNow @ATMCoalition @WaysMeansCmte @SenFinance @USChamberAction @SecretaryPete
Today our VP of Tax Policy @Harris_In_DC joined @SquawkStreet's @carlquintanilla, @MorganLBrennan, and @davidfaber to discuss why tax hikes aren’t part of an economic recovery. Watch now: cnb.cx/3bV0qE1
Caroline L. Harris retweeted
We believe there are numerous ways to pay for an #infrastructure package without having to raise business or personal taxes. For example, implementing a modest increase in the gas tax... more via @FoxBusiness 📺video.foxnews.com/v/62411243…
.@SteveDaines wants to make the Section 199A passthrough deduction created in TCJA permanent.
Daines references the rise of passthrough firms over the past few decades, which has been an ongoing trend.
A good reminder of the perils of switching from EDITDA to EBIT... #savetheDA
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Been there, done that. We know what happens when we drive up the corporate #tax rate.
Preserving our corporate #tax rate welcomes investment in US and drives US #job creation and #growth
.@ChuckGrassley discusses the competitiveness of the U.S. corporate rate, and how the TCJA made the U.S. more attractive as a location for manufacturing investment.
@ElkeAsen on corporate rates around the world: taxfoundation.org/publicatio…
Yup. According to the @OECDeconomy, corporate income taxes are the most harmful for economic #growth. bit.ly/3cAubZZ
"The OECD has called the corporate income tax the most harmful form of taxation for economic growth because it discourages job creation & investment." - Michelle Hanlon, @MIT
Raising the corporate rate would be a step backward for the U.S. economy. taxfoundation.org/biden-corp…
Preventing this #tax hike means more money for biz to invest in workers, equipment & R&D #savetheDA
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min tax would undercut effectiveness of bipartisan #tax incentives that help everyone from workers (WOTC) to distressed communities (OZ)
Michelle Hanlon (@MIT) mentions that President Biden's proposed minimum corporate tax would weaken many of the tax incentives in the tax code.
@EconoWill and I discuss this risk further in our latest paper on Biden's corporate tax proposals: taxfoundation.org/biden-corp…
⬇️ what @ShopFloorNAM said
"Incentives, not punitive measures, will let us achieve our key goal." - @JayTimmonsNAM, @ShopFloorNAM
Jay encourages predictability and stability in the tax code. Amortization of R&D costs may blunt America's innovative advantages.