TechWonk Blog

As we continue to look for ways to address the immediate impacts of the COVID-19 pandemic and reinvigorate the economy, tax policy provides a powerful tool. These measures afford policymakers with the ability to provide much-needed liquidity for struggling businesses, defray added costs companies are confronting, and create incentives to keep employees on the payroll and help maintain their health [...]

The United States-Mexico-Canada Agreement (USMCA) is on its way to ratification in the U.S. Congress, marking a critical and historic opportunity to modernize the United States’ economic relationship with Canada and Mexico – two of its largest trading partners. This landmark agreement is essential for all businesses to compete in today’s economy. Global commerce has changed dramatically since North [...]

As lawmakers have considered changes to the tax code over the years, a few common principles have underpinned those efforts. First, they have wanted to create incentives to locate jobs in the United States. Next, they have wanted to encourage companies to perform their research and development (R&D) – which usually means high-paying jobs – domestically. Lastly, they have wanted to provide incentives [...]