Our Economic Times: Budget Opportunities Arise as Corporations, Economy Strengthen

This column was published in Savannah Morning News.

Tax inversions, private sector job growth, debt-to-equity ratios of largest U.S. firms and record earnings: what do they have in common? The preponderance with which all have seeped into public discourse has come without the consideration that each situation may offer an opportunity to manage the future growth rate of U.S. federal debt. Let’s focus, for now, on the issue of corporate tax inversion. A situation of tax inversion occurs when a domestic firm becomes headquartered abroad to benefit from more favorable corporate income tax policies...