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20160525TP-Testimony-Holtz-Eakin.pdf
Preview of https://waysandmeans .house.gov/wp-conten t/uploads/2016/05/20 160525TP-Testimony-H oltz-Eakin.pdf
🔗 Source: waysandmeans.house.gov
📊 Size: 84 KB
📄 Pages: 7 pages
⬇️ Downloads: 45

Summary

Douglas Holtz-Eakin, President of the American Action Forum, testified before the US House of Representatives Subcommittee on Tax Policy, emphasizing the need for tax reform to address major issues: diminished long-term economic growth, international competitiveness, and lost faith in the US tax system. He argued that the current 2% growth rate is insufficient to improve the standard of living and that tax reform can help increase economic growth. Holtz-Eakin cited studies showing that tax reform can increase GDP by up to 9% and improve trend growth, leading to faster employment and income growth. He also highlighted the need to reform the US corporate tax code to improve international competitiveness, as the US has the highest statutory corporate tax rate among major economies, and to adopt a territorial tax system to exempt foreign-source income.

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Douglas Holtz-Eakin, President of the American Action Forum, testified before the US House of Representatives Subcommittee on Tax Policy, emphasizing the need...

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  • File Format: PDF
  • File Size: 84 KB
  • Pages: 7
  • Language: EN
  • Total Downloads: 45
  • Last Updated: 1 month ago

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