The House Tax Bill: Penalizing U.S. Competitiveness

Publication Date: January 1986

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Bruce Bartlett

Research Area: Banking and finance

Keywords: Taxes

Type: Report

Abstract:

The House tax bill manifests a remarkable misunderstanding of the realities of international competition. It appears almost to be designed to penalize and reduce U.S. competitiveness. When the Senate starts taking its long, hard look at the House bill, it should take into account the measurels impact on international economic competitiveness. If the serious flaws of the House bill are not corrected, this tax "reform" could hamper seriously the U.S. ability to counter the brutal global economic competition that it faces.