PROMESA, legislation regarding Puerto Rico's debt crisis, will lend Puerto Rico money for legal and financial consultants and create a Financial Oversight and Management Board. The task at hand now is growing the Puerto Rican economy.
Though the world economy has changed drastically in the past hundred years, the basic international tax framework has not. Michael Graetz addresses how to handle issues of international tax in a recent talk at Tax Policy Center.
Though policymakers are often consumed with discussing the top tax rate, only one percent of couples are in the 39.6 percent tax bracket. The majority of American incomes are taxed at 15 percent or less.
It is worth considering the Congressional Budget Office’s fiscal forecast, out today, as you think about the campaign promises of Hillary Clinton and Donald Trump. In that context, Clinton’s agenda is merely irresponsible. Trump’s is fiscal madness.
In 2018, the federal government could be paying more than $900 billion in interest—nearly twice what it pays today. By 2026, it could be paying more than $1.8 trillion in debt service, 50 percent more than under current fiscal policy.
A recent FDA proposal admonishes the amount of sodium in American diets and proposes targets for reduced levels of sodium. As governments in the US and around the world discuss the possibility of a corrective tax on sugar, will salt be added to the discussion?