Kyle Pomerleau

Washington, D.C.

Articles

Tariffs will Make It More Expensive to Invest in America

1 week ago | aei.org | Kyle Pomerleau |Julia Cataneo

Over the past several months, several commentators have referred to tariffs as a consumption tax (here, here, and here). There is a certain intuition behind this—an excise tax is levied on the purchase of imported goods, many of which are final consumer goods. However, there is an important difference—tariffs apply to capital goods like machinery and equipment used by businesses. This means that tariffs, unlike consumption taxes, can penalize investment.
A Preferential Corporate Tax Rate for Manufacturing Would Be Bad Policy

1 month ago | aei.org | Kyle Pomerleau |Julia Cataneo

One of President Donald Trump’s campaign promises was to reduce the corporate income tax rate to 15 percent for corporations that manufacture in the United States. Trump has not specified how this policy would work, but presumably it would provide the preferential rate for a subset of a corporation’s taxable income. Enacting a special tax rate would be a mistake. If lawmakers want to encourage manufacturing activity, they should, instead, improve the tax treatment of new investment.
Is the Family First Act Fiscally Responsible? It Depends.

Jan 16, 2025 | aei.org | Kyle Pomerleau |Kevin Corinth |Julia Cataneo

This week, Rep. Blake Moore (R-UT), member of the House Committee on Ways and Means, introduced the Family First Act. This bill would significantly increase the Child Tax Credit (CTC), modify or eliminate other family tax provisions, and make the cap on the state and local tax deduction permanent. Rep. Moore and other supporters of this bill argue that it is fiscally responsible: The bill is “fully offset” and would not add to the budget deficit.
Raising the Salt Cap Would Increase Tax Complexity

Jan 13, 2025 | aei.org | Alex Brill |Kyle Pomerleau |Julia Cataneo

The individual provisions of the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. The Republican-controlled Congress intends to extend these tax cuts but some Republican lawmakers are demanding changes. Last week, incoming Trump administration officials met with a handful of Republican lawmakers to discuss raising the cap on the state and local tax (SALT) deduction. Under current law, all taxpayers can claim a SALT deduction up to $10,000 if they itemize their deductions.
COMMENTARY: Trump promised to raise tariffs; Biden, Congress could tie his hands | Jefferson City News-Tribune

Dec 9, 2024 | newstribune.com | Kyle Pomerleau

COMMENTARY: Trump promised to raise tariffs; Biden, Congress could tie his hands Today at 3:00 a.m. by Kyle Pomerleau, Los Angeles Times (TNS) Now that Donald Trump will be headed to the White House, it is all but certain that he will pursue significant new taxes on imported goods. Upcoming Events
Commentary: Trump promised to raise taxes, but Biden and Congress could tie his hands

Dec 7, 2024 | spokesman.com | Kyle Pomerleau

Now that Donald Trump will be headed to the White House, it is all but certain that he will pursue significant new taxes on imported goods. Although a widely criticized policy, there is little stopping him from doing this due to trade powers that Congress has given the executive branch over the years. Before President Joe Biden leaves office, his administration and the current Congress should consider scaling back the president’s power to unilaterally enact tariffs.
Column: Biden and Congress could tie his hands on tax increases

Dec 6, 2024 | pilotonline.com | Kyle Pomerleau

Column: Biden and Congress could tie his hands on tax increases
Trump promised to raise taxes, but Biden and Congress could tie his hands

Dec 4, 2024 | thebrunswicknews.com | Kyle Pomerleau

Now that Donald Trump will be headed to the White House, it is all but certain that he will pursue significant new taxes on imported goods. Although a widely criticized policy, there is little stopping him from doing this due to trade powers that Congress has given the executive branch over the years. Before President Joe Biden leaves office, his administration and the current Congress should consider scaling back the president's power to unilaterally enact tariffs.
Commentary: Trump promised to raise taxes, but Biden and Congress could tie his hands

Dec 4, 2024 | star-telegram.com | Kyle Pomerleau

Republican presidential nominee, former U.S. President Donald Trump takes the stage during a campaign rally in the 1st Summit Arena at the Cambria County War Memorial on Aug. 30, 2024, in Johnstown, Pennsylvania. Promising to cut energy bills in half, conduct the largest deportation operation in history and put a 200% tariff on foreign made automobiles, Trump rallied his supporters in the all-important battleground state of Pennsylvania.
Trump Promised to Raise Taxes, but Biden and Congress Could Tie his Hands

Dec 2, 2024 | aei.org | Kyle Pomerleau

By Kyle PomerleauNow that Donald Trump will be headed to the White House, it is all but certain that he will pursue significant new taxes on imported goods. Although a widely criticized policy, there is little stopping him from doing this due to trade powers that Congress has given the executive branch over the years. Before President Biden leaves office, his administration and the current Congress should consider scaling back the president’s power to unilaterally enact tariffs.