Viard discusses recent assertions that corporations are subsidized when they claim ordinary business expense deductions for payments of performance-based executive compensation.
Editor’s note: The following is an edited transcript of remarks delivered by Viard at the Tax Council Policy Institute’s 15th Annual Tax Policy & Practice Symposium on February 19, 2014.
Let me begin by laying out the key features of the corporate and individual income tax systems from...
The Senate is set to make Finance Committee Chairman Ron Wyden’s tax-extenders legislation its top priority this month. But what is this all about, and how does it affect the average American? Alex Brill, research fellow at the American Enterprise Institute (AEI), sets us straight
Last week, the Food and Drug Administration issued a proposal to regulate electronic cigarettes as a tobacco product. While public health and industry experts debate this much-anticipated regulation, a handful of Senate Democrats are quietly promoting the pernicious idea of extending tobacco taxes to e-cigarettes. Taxing e-cigarettes would threaten public...
Tax season is over for all but the greatest procrastinators among us. Two-thirds of taxpayers are celebrating their forthcoming refunds while tens of millions of others have grudgingly written a check to the IRS.
Based on fairness concerns, there’s a strong case for making the tax system more marriage neutral by shifting to individual rather than family-based taxation, and for providing increased support to low-income individuals without children.
Under tax law, stolen property, bribes, kickbacks, and income from other illegal activities must be counted as income. Embezzlers, thieves, and bootleggers may also take deductions for costs relating to criminal activity.
Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a panel discussion of what those spending trends are likely to mean for seniors, taxpayers, the health industry, and federal policy.
Please join us as four of Washington’s most distinguished political observers will revisit the Watergate hearings and discuss reforms that followed.