In an op-ed published yesterday in The Hill, CFIF’s Timothy Lee explains why President Obama and the Treasury Department are wrong on corporate tax inversions and the only way to prevent them is to enact comprehensive tax reform now.
The simple reality is that our corporate tax rate of 35% – the highest among OECD nations – jeopardizes every domestic corporation’s very survival in an increasingly competitive global economy. Moreover, because public corporations remain under a legal fiduciary duty to their shareholders to run the most efficient operation possible, America’s unsustainably high tax rate leaves them with little choice but to explore inversion opportunities.
Tragically, even President Obama understands that reality. On several occasions, he has called for comprehensive tax reform that included lowering the corporate tax rate to a more globally competitive level. It defies logic and experience that the president called for lower tax rates out of some sentimental affection toward American corporations. Rather, he clearly understands that cutting America’s corporate tax rate allows domestic businesses a better chance of growing and competing on the international stage.
To remedy the situation, Congress must take concrete steps towards comprehensive tax reform now…There is still enough time in 2016 to achieve a deal.
Linked here and below is a letter to House Committee on Natural Resources Chairman Rob Bishop, which serves as our response to his invitation for CFIF’s Timothy Lee to testify at today’s legislative hearing regarding HR 4900, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
The Federal Communications Commission (FCC) today voted to move forward with consideration of proposed new “privacy” regulations targeted at Internet Service Providers (ISPs). What follows is a statement by Center for Individual Freedom (CFIF) President Jeffrey Mazzella:
This latest effort by the FCC is nothing more than the Commission once again picking winners and losers in the marketplace. These regulations on ISPs do nothing to prevent the online data collection practices used profusely by others throughout the Internet economy, while constricting the development of new business practices and distorting the robust digital marketplace.
The prescriptive regulations voted on today also circumvent the Federal Trade Commission’s (FTC) expertise in this area. The FTC’s proven framework on privacy has worked to protect consumers for decades while encouraging the growth of the Internet we have today.
Rather than finding ways to cement the presence of FCC bureaucracy in our daily lives, the Commission should reconsider its regulations on so-called ‘privacy’ and instead focus on pro-growth solutions for a robust mobile marketplace.
In a letter sent today to Congress, the Center for Individual Freedom (“CFIF”) joined a coalition of more than a dozen national organizations in calling on Congress to “implement a regulatory budget to address the cost of federal regulations, which frequently have an effect similar to tax increases. Like federal spending, regulations and their costs should be capped, tracked and disclosed annually.”
In an interview with CFIF, Ambassador Francis Rooney, Former U.S. Ambassador to The Holy See, Author and Foreign Policy Expert, discusses recent terror attacks and explains that the United States is a nation at war, what should be done to limit the ongoing threats posed by ISIS and Islamic extremism, and other foreign policy current events.
In an interview with CFIF, Jonathan Wood, Staff Attorney at Pacific Legal Foundation, discusses the Professional and Amateur Sports Protection Act, as well as the constitutional questions surrounding the state by state discrimination in sports betting laws.
With cybercrime on the rise, CFIF’s Renee Giachino discusses why cybertheft of America’s intellectual property should be a kitchen table issue for all of us as it damages the broader economy and costs jobs.
In an interview with CFIF, Seth Cooper, Senior Fellow at The Free State Foundation, discusses what is wrong with the Federal Communications Commission’s proposed rule to “unlock set top boxes,” how it is going to impact programming and why the government should not be allowed to pick winners and losers.
Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00 p.m. CDT (that’s 5:00 p.m. to 7:00 p.m. EDT) on Northwest Florida’s 1330 AM WEBY, as she hosts her radio show, “Your Turn: Meeting Nonsense with Commonsense.” Today’s guest lineup includes:
4:00 CDT/5:00 pm EDT: Andrew M. Grossman, Partner at Baker Hostetler, Washington, DC office: President Obama’s Clean Power Plan;
4:15 CDT/5:15 pm EDT: Dean A. Reuter, Vice President & Director of Practice Groups at The Federalist Society: Vacancy on the Supreme Court and his latest book, “Liberty’s Nemesis: The Unchecked Expansion of the State”;
4:30 CDT/5:30 pm EDT: Gus Hurwitz, Visiting Fellow at the American Enterprise Institute: Apple Debate and Encryption;
5:00 CDT/6:00 pm EDT: Seth Cooper, Senior Fellow at The Free State Foundation: FCC and Proposed Tech Mandates; and
5:30 CDT/6:30 pm EDT: Tim Lee, CFIF’s Senior Vice President of Legal and Public Affairs: Hot Issues of the Week — Politics, Intellectual Property, and SCOTUS.
Listen live on the Internet here. Call in to share your comments or ask questions of today’s guests at (850) 623-1330.
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In an interview with CFIF, Sarah Westwood, Watchdog Reporter for theWashington Examiner, discusses the controversy surrounding Hillary Clinton’s paid speeches to private groups, what is different about the use of personal e-mail accounts by former Secretaries of State Colin Powell and Condoleezza Rice as compared to Hillary Clinton, and the finger-pointing and mudslinging on the GOP side of the campaign trail.
In an interview with CFIF, Seth Cooper, Senior Fellow at The Free State Foundation, discusses what is wrong with the Federal Communications Commission’s proposed rule to “unlock set top boxes,” how it is going to impact programming and why the government should not be allowed to pick winners and losers.
In an interview with CFIF, 
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