Alan D. Viard is a resident scholar at the American Enterprise Institute (AEI), where he studies federal tax and budget policy.
Prior to joining AEI, Viard was a senior economist at the Federal Reserve Bank of Dallas and an assistant professor of economics at Ohio State University. He has also been a visiting scholar at the US Department of the Treasury's Office of Tax Analysis, a senior economist at the White House's Council of Economic Advisers, and a staff economist at the Joint Committee on Taxation of the US Congress. While at AEI, Viard has also taught public finance at Georgetown University’s Public Policy Institute. Earlier in his career, Viard spent time in Japan as a visiting scholar at Osaka University’s Institute of Social and Economic Research.
Viard received his Ph.D. in economics from Harvard University and a B.A. in economics from Yale University. He also completed the first year of the J.D. program at the University of Chicago Law School, where he qualified for law review and was awarded the Joseph Henry Beale prize for legal research and writing.
Senior Economist, Federal Reserve Bank of Dallas, 1998-2006
Visiting Scholar, Office of Tax Analysis, Treasury Department, 2005
Senior Economist, President's Council of Economic Advisers, 2003-2004
Assistant Professor of Economics, Ohio State University, 1990-98
Economist, Joint Committee on Taxation, U.S. Congress, 1992-93
Eric Toder, Urban-Brookings Tax Policy Center, and AEI’s Alan D. Viard will present a report, explaining that the current corporate income tax system bases tax liability on two concepts that defy easy definition — the source of corporate income and the residence of corporations. Martin A. Sullivan of Tax Analysts and Pamela Olson, PricewaterhouseCoopers will comment.
A corporate income tax serves a useful role as a backstop for the individual income tax by taxing reinvested corporate profits that would otherwise escape immediate taxation. However, the current U.S. corporate income tax performs this role poorly and the reforms currently being discussed do not address its basic flaws.
The social cost of carbon is intended to measure the dollar value of the harm caused through climate change when an extra metric ton of carbon dioxide is emitted in the United States. Unfortunately, the executive branch has not properly answered the question: Harm to whom?