Congressional Research Service Reports - 5 Matching Results

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Corporate Tax Reform: Issues for Congress

Description: This report provides an overview of corporate tax issues and discusses potential reforms in the context of these issues, with particular attention to some of the research concerning large behavioral responses and their implications for revenue and distribution. The first section reviews the size and history of the corporate income tax, and discusses an important issue that has been given little attention by those who propose deep cuts in the corporate tax: its role in preventing the use of the corporate form as a tax shelter by wealthy business owners. This section also discusses the potential effect of behavioral responses on corporate tax revenues. The second section examines the role of the corporate tax in contributing to a progressive tax system and discusses claims that the burden falls on workers. The third section reviews arguments relating to efficiency and revenue yield, and traditional criticisms of the corporate tax as one that causes important behavioral distortions. One aspect of this discussion is the question of how the tax might be viewed differently in a more global economy. The final section examines options for reform.
Date: September 22, 2017
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Iran's Foreign and Defense Policies

Description: This report gives a overview of Iran's defense policies and programs and foreign policy. Regions covered are the Near East, South and Central Asia,Russia, Europe, East Asia, Latin America, Africa, and the United States. Iran's nuclear programs and security issues are also discussed.
Date: September 22, 2017
Creator: Katzman, Kenneth
Partner: UNT Libraries Government Documents Department

National Flood Insurance Program Borrowing Authority

Description: This report evaluates the National Flood Insurance Program (NFIP) borrowing authority to receive loans from the U.S. Department of the Treasury (Treasury), particularly in the context of major floods, and discusses the current financial situation of the NFIP as it begins to pay claims from Hurricanes Harvey and Irma.
Date: September 22, 2017
Creator: Horn, Diane P.
Partner: UNT Libraries Government Documents Department

Navy Littoral Combat Ship/Frigate (LCS, FFGX) Program: Background and Issues for Congress

Description: This report provides background information and issues for Congress on the Navy's Littoral Combat Ship/Frigate (LCS/FFG(X)) program, a program to procure a total of 40, and possibly as many as 52, small surface combatants (SSCs), meaning LCSs and frigates. A total of 29 LCSs have been procured through FY2017. For FY2018, the Navy is requesting the procurement of two more LCSs, which would be the 30th and 31st. The program presents several oversight issues for Congress. Congress's decisions on the LCS/FFG(X) program will affect Navy capabilities and funding requirements, and the shipbuilding industrial base.
Date: September 22, 2017
Creator: O'Rourke, Ronald
Partner: UNT Libraries Government Documents Department