Press: 2011
The Fiscal Times (December 29, 2011)
Edward Kleinbard was quoted about Newt Gingrich’s and Rick Perry’s tax policies.
New York Times (October 25, 2011)
In a story about the Republican debate, Herman Cain’s 9-9-9 plan was discussed, and new analysis by Edward Kleinbard was cited. “Herman Cain’s 9-9-9 plan is a terrific example of fiscal hocus-pocus,” Kleinbard, writes in a coming analysis of the plan for the trade journal Tax Notes. “It is presented as a low-tax panacea, but it actually would raise the tax bills of many Americans very substantially.”
Los Angeles Times (October 19, 2011)
Edward Kleinbard’s research on Herman Cain’s 9-9-9 proposal was featured and referred to as a “cogent analysis,”
New York Times (October 19, 2011)
In a story about the Republican debate, Herman Cain’s 9-9-9 plan was discussed, and new analysis by Edward Kleinbard was cited. “Herman Cain’s 9-9-9 plan is a terrific example of fiscal hocus-pocus,” Kleinbard, writes in a coming analysis of the plan for the trade journal Tax Notes. “It is presented as a low-tax panacea, but it actually would raise the tax bills of many Americans very substantially.”
USA Today (FactCheck) (October 19, 2011)
A “Fact Check” column ran Edward Kleinbard’s analysis of 9-9-9.
New York Times (October 18, 2011)
A “Fact Check” column ran Edward Kleinbard’s analysis of 9-9-9: Analysts say Mr. Cain’s plan would raise taxes for lower-income families, while reducing the taxes paid by higher-income families. “Herman Cain’s 9-9-9 plan is a terrific example of fiscal hocus-pocus,” Edward D. Kleinbard, a law professor at the University of Southern California, writes in a coming analysis of the plan for the trade journal Tax Notes. “It is presented as a low-tax panacea, but it actually would raise the tax bills of many Americans very substantially.”
Washington Post (October 18, 2011)
Edward Kleinbard’s research on Herman Cain’s 9-9-9 proposal was featured.
Bond Buyer (September 30, 2011)
At a discussion on U.S. taxation of multinationals, Edward Kleinbard denounced what he called a “massive arbitrage” where U.S. firms reduce access to high-tax markets while shifting income to low-tax jurisdictions. “It’s one thing to say that the tax benefits of muni bond interest will be capped at a 28% rate from now on,” he said. “It’s another to say the tax benefit will never be more than that available to a 28% taxpayer, but can fluctuate all the way down to zero, depending on unrelated budget disagreements.”
Tax Analysts (September 27, 2011)
A story mentioned that Edward Kleinbard spoke at a September 23 panel discussion at the Villanova Law Review Norman J. Shachoy Symposium. Kleinbard and his fellow panelists agreed that the current system of worldwide taxation encourages income shifting but disagreed on the extent to which such shifting hurts investment in the United States.
Bloomberg (September 21, 2011)
Edward Kleinbard was interviewed about a University of Texas law professor’s goal of finding at least $1 trillion in annual revenue that could be raised without increasing rates in the U.S. tax code.
West Virginia MetroNews Network (September 20, 2011)
A story cited research by Edward Kleinbard regarding tax breaks as the dominant instrument for creating new spending programs.
The Washington Post (September 17, 2011)
Edward Kleinbard, who testified at a hearing on tax policy and the federal budget deficit that was organized by the Senate Finance Committee fiscal responsibility subcommittee, was quoted about tax breaks as the dominant instrument for creating new spending programs.
Life HealthPro (September 14, 2011)
A story covered the testimony Edward Kleinbard delivered at a hearing on tax policy and the federal budget deficit that was organized by the Senate Finance Committee fiscal responsibility subcommittee. He said Congress must take care to “boil the frog slowly” when changing the tax code. Kleinbard was also on the radio show America Now w/ Andy Dean.
Tax Analysts (September 13, 2011)
A story quoted Edward Kleinbard about the individual mandate in the Patient Protection and Affordable Care Act. “Congress was arguably disingenuous” in not calling the penalty a tax, said Kleinbard. But he cautioned that the “punishment” for Congress should not include holding the law unconstitutional.
Star-Tribune (September 2, 2011)
A story quoted Edward Kleinbard about interest in reexamining the country’s corporate tax system.
Star-Tribune (September 2, 2011)
A story quoted Edward Kleinbard about interest in reexamining the country’s corporate tax system.
Bloomberg News (August 26, 2011)
A story quoted Edward Kleinbard about research on a proposed tax break for repatriating overseas profits.
Bloomberg News (August 19, 2011)
A story quoted Edward Kleinbard about the Treasury Department’s consideration to placelimits on the definition of a small business, which could require some closely held companies to start paying corporate taxes.
Press TV (Iran) (August 5, 2011)
Edward Kleinbard was interviewed about a drop in the number of U.S. taxpayers as a result of job loss and the recession.
ABC News (August 5, 2011)
Los Angeles affiliate KABC-TV interviewed Edward Kleinbard about the super committee placed in charge of reducing America’s debt.
ABC News (August 2, 2011)
Edward Kleinbard was interviewed about the super committee placed in charge of reducing America’s debt. “What we will see is a supercommitteee that argues and pontificates – lots of sounds bites that produces nothing,” Kleinbard said. http://abclocal.go.com/kabc/video?id=8285895
Bloomberg News (July 8, 2011)
A story quoted Edward Kleinbard about the IRS’ track record in recovering large settlements in corporate income tax cases.
Firedoglake (July 6, 2011)
Edward Kleinbard was quoted about proposed repatriation tax legislation.
Huffington Post (June 28, 2011)
The Huffington Post ran an op-ed by Edward Kleinbard on Machiavellian attitudes toward tax policy. “It is not surprising that the affluent have always slipped into the convenient habit of mistaking good fortune for great virtue, and therefore into believing that higher marginal tax rates were a confiscation of the rewards that come naturally to those imbued with virtue,” Kleinbard wrote. “What is new is that the rich seem to have convinced the poor and middle class to believe this as well.”
Washington Post (May 30, 2011)
Edward Kleinbard was interviewed about new research indicating that closing tax breaks for retirement wouldn’t do much to help the budget. The most expensive tax breaks from the government’s standpoint are the tax-free treatment of employer-provided health benefits and the mortgage-interest deduction for homeowners. But, if the mortgage interest deduction were eliminated, people would probably shift their investments to other tax-preferred vehicles, thereby denying the tax man a portion of his expected rewards, Kleinbard said. The estimates are “an accurate measure of the extent to which the preference is being used by taxpayers,” said Kleinbard. “But that’s a completely different question than how much revenue could be raised if the preference were eliminated.”
ThinkProgress (May 13, 2011)
The publication cited a paper by Edward Kleinbard on the overseas earnings of U.S. corporations.
Bloomberg News (May 12, 2011)
A story quoted Edward Kleinbard about proposed repatriation tax legislation.
New York Post (May 12, 2011)
Edward Kleinbard was quoted about the U.S. tax system’s treatment of foreign acquisitions like Microsoft’s purchase of Skype.
The Day (May 8, 2011)
Edward Kleinbard was quoted about the tax strategies of multinational corporations, and noted that he was head of the congressional joint committee on taxes. This makes U.S. multinationals world leaders in tax avoidance, said Kleinbard,
New York Times (May 2, 2011)
Edward Kleinbard was quoted about the tax strategies of multinational corporations. The paradox of the United States tax code — high rates with a bounty of subsidies, shelters and special breaks — has made American multinationals “world leaders in tax avoidance,” according to Kleinbard, formerly the head of the Congressional joint committee on taxes. This has profound implications for businesses, the economy and the federal budget, he said. Firedoglake and The Orange County Register also quoted Kleinbard.
The Journal Gazette (May 1, 2011)
Edward Kleinbard was quoted about the tax strategies of multinational corporations, and noted that he was head of the congressional joint committee on taxes.
Slate (April 15, 2011)
An article noted that Edward Kleinbard provided information for a column on corporate tax strategies.
Business Week (April 7, 2011)
A story quoted Edward Kleinbard about the U.S. tax code, which had its last major rewrite a quarter century ago. “We have lots and lots of tax preferences that reduce the effective rate,” says Kleinbard. Those preferences “distort decisions and are imperfectly distributed throughout the corporate sector.”
KPCC (April 5, 2011)
“Patt Morrison” interviewed Edward Kleinbard about American multinational corporations that pay little or no federal taxes.
Bloomberg News (March 17, 2011)
A story quoted Edward Kleinbard about U.S. multinational companies and repatriation taxes. Even on theoretical grounds the tax holiday is debatable. Cutting taxes can stimulate the economy if it adds to companies’ incentives to invest and expand. But the holiday, as a break on profits that have already been made, wouldn’t improve incentives, said Kleinbard, former chief of staff of the Joint Committee on Taxation.
Wall Street Journal (February 14, 2011)
Edward Kleinbard was interviewed about President Obama’s budget proposals. As Obama’s advisers indicated earlier, the budget doesn’t include specific proposals toward overhauling the corporate tax code. It includes generic language calling for a lower corporate tax rate, paid for by repealing “special interest loopholes.” “This budget doesn’t represent a major re-think of either individual or business taxes,” he said. Kleinbard said that tax collections are currently depressed by unemployment and other effects of the recession. Even without changes to tax policy, they will rise as a share of GDP provided the economic recovery continues. But they won’t reach as high as 20% without tax increases.
BBC-Radio (January 31, 2011)
Edward Kleinbard was interviewed about a Florida judge’s ruling that strikes down the US healthcare reform bill.
Bloomberg News (January 26, 2011)
Edward Kleinbard was quoted in a story about President Obama’s proposal to simplify the tax code. The administration in 2010 called for repealing a “last-in, first out” accounting provision that allows companies to raise the cost of inventory sold, effectively increasing tax deductions. The Treasury Department estimated the repeal would raise $59 billion over 10 years. The repeal would especially hurt oil companies like Exxon Mobil Corp., said Kleinbard. He was also intervieweed by Neon Tommy about tax reform.
BNET (January 25, 2011)
Edward Kleinbard was quote in a story about GE chief Jeffrey Immelt’s appointment to President Obama’s jobs czar.
CNN (January 15, 2011)
Edward Kleinbard was interviewed about the domestic production tax deduction. The tax break, created in 2004, was intended to encourage companies to manufacture their goods in the United States. But “manufacturing” can be very broadly interpreted to include things like the making of fast food hamburgers. “[It] … leads to absurd efforts to characterize activities like content production as ‘manufacturing,'” said Edward Kleinbard, a law professor at the University of Southern California and a former chief of staff at the Joint Committee on Taxation.