The recent debate over corporate inversions (U.S. companies reincorporating themselves in nations with lower tax rates) threatens to derail progress on comprehensive tax reform even further. The administration and some in Congress seem set on treating the symptom rather than the disease. This is unfortunate because broader reform is both necessary and doable.
Blogs & Op-eds
Another Problem with the “Right to be Forgotten”
Just as Prohibition famously increased alcohol consumption, it would seem the “right to be forgotten,” while intended to increase online privacy, may actually have the opposite effect, both by cataloging shameful information and incentivizing individuals to publicize the very materials people want forgotten.
How America’s Manufacturing Job Loss Outpaces Other Leading Industrialized Countries
The U.S. manufacturing sector is losing jobs at a faster rate than any other advanced industrial nation besides the United Kingdom. From 2000 to 2009, the U.S. lost over 5 million manufacturing jobs. Commentators like Marc Levinson at the Congressional Research Service underestimate the speed and significance of the decline. However, U.S. job losses since 2000 have been much more rapid than other countries and cannot be explained by growth in worker productivity. These statistics show that the U.S. is facing a serious challenge to its international competitiveness in advanced manufacturing industries.
The United States is Slipping in Triadic Patents
Triadic patents, are patents filed jointly with the United States Patent and Trade Office, the European Patent Office, and the Japanese Patent Office, represent inventions with potentially global economic impact. A serious decline in U.S. triadic patents is the latest warning sign of diminished American innovation in advanced industries.
Worry About Slow Productivity Growth, Not Fast Productivity Growth
A recent report on US productivity growth confirms that we need more proactive public policies that encourage investment and growth. While many see new technology as responsible for high unemployment now or in the future, the truth is close to the opposite. Employment growth requires new investment and new investment goes hand in hand with productivity growth.
The Need for an AGOA Renewal
AGOA is the cornerstone of U.S. trade and investment with Africa; over its 14 year history, the program has contributed to a doubling of U.S. trade with Africa. Before it's obvious renewal in the next year, taking a look at the criteria for benefits is important in the development of the U.S. trade relationship with sub-Saharan Africa.
Shaming is no Substitute for Corporate Tax Reform
The steady rise in U.S. corporations buying foreign companies and then moving their headquarters abroad is not personal, it’s just business. It reflects the increasingly obvious fact that America’s high corporate tax rates put our companies at a competitive disadvantage against foreign companies, especially when competing for global markets.
Last week investigators from China's State Administration for Industry and Commerce raided Microsoft facilities in four Chinese cities, claiming it is investigating whether Microsoft violated China’s anti-monopoly laws. These trumped up charges are part of a broader effort by the Chinese government to hobble U.S. technology companies in China, promote China’s domestic IT industry and ultimately replace the U.S. as the world’s IT leader. Rob Atkinson argues in The Hill that the only thing that will stop this is determined and resolute action from the U.S. government, in concert with our European allies, to say “enough is enough.”
Promoting Innovation and Competition in Music Licensing
Today, ITIF filed comments with the Department of Justice (DOJ) to address the consent decrees of Performance Right Organizations (PROs) such as the American Society of Composers, Authors and Publishers (ASCAP) and Broadcast Music Inc. (BMI). We argue DOJ should rework these decrees to modernize the way music copyrights are licensed in the digital age.
Harry Reid, Title II, and The Rashomon Effect
The problem of over-simplification and one-sided interpretation is persistent across many policy debates, but it has been particularly bad in the recent net neutrality fracas. This whole debate has been watered down to catch-phrases like “fast-lanes and slow-lanes” without any real commitment to how this complex technology actually works. Now Title II advocates have taken to reaching for political cover, pulling support for Title II out of vague statements about net neutrality.