An unconventional solution to tax reform
The Obama Administration has announced a crack down on what are called “inversions”: the controversial maneuver of acquiring foreign companies to save U.S. tax. Targeted are the special loans that make these acquisitions possible; seen as a stopgap approach.
President Obama and republicans and democrats in congress agree that what’s need in the longer run is tax reform. But that’s a process that doesn’t seem to be moving forward any time soon.
That got federal budget watcher Stan Collender doing the math. Collender—who use to work for both the House and Senate budget committees and tweets at theBudgetGuy—has written a column entitled “How to Abolish the Federal Corporate Income Tax without Increasing the Deficit,” and stopped by to talk about an unconventional solution.
Click the media player above to hear Stan Collender in conversation with Marketplace Morning Report host David Brancaccio.
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