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New Study Debunks Big Corporations’ Argument About Taxes
Edward D. Kleinbard August 20, 2014

The Huffington Post has published a piece about TCF fellow, Edward D. Kleinbard's work on U.S. corporate taxes.

Not long ago, the top executive at a large American drug company said that her company would be planting its corporate flag in the Netherlands, because the U.S. tax code is just so darn unfair.

Heather Bresch, the CEO of Mylan, told a New York Times columnist that her bid to acquire a smaller Dutch company and move ownership abroad through a controversial tactic known as an inversion was forced by Congress, which has refused to lower corporate tax rates and make U.S. businesses "more competitive."

As a patriot, she resisted until it was clear she had no other choice, she said

Read the full article.

Expert debunks claim U.S. corporate taxes are too high
Edward D. Kleinbard August 20, 2014

CBS News has published a piece about TCF fellow, Edward D. Kleinbard's work on U.S. corporate taxes. 

The 35 percent statutory U.S. corporate tax rate is the highest in the world. But according to a paper published earlier this month by University of Southern California law professor Edward Kleinbard, many companies don't pay anywhere near that much due to the plethora of loopholes in the tax code.

Kleinbard's work was highlighted by the New York Times' Andrew Ross Sorkin in a column Monday, triggering a flood of social media buzz. Corporate taxation has become a hot-button issue as more U.S. companies have acquired foreign firms and then moved their headquarters overseas as a way to reduce their tax burden.

According to data from the General Accountability Office cited by Kleinbard, corporations on average paid 12.6 percent as of 2010.

Read the full article.

What did Hillary mean? Depends whom you ask
Michael Cohen August 20, 2014

TCF fellow, Michael Cohen has been quoted in a Boston Globe article about Hillary Clinton's comments about President Obama's foreign policy.

If Hillary Clinton doesn’t become the next president of the United States, perhaps she could set up as the next Oracle of Delphi. To the ancient Greeks, the oracle was an authority of immense significance, whose pronouncements carried such weight that supplicants would undertake grueling journeys to consult her before making important decisions. But the Delphic words of wisdom were often ambiguous. “Arguments over the correct interpretation of an oracle were common,” one account notes, “but the oracle was always happy to give another prophecy if more gold was provided.”

Read the full article.

The Lost Bipartisan Consensus on Climate Change
Neil Bhatiya August 20, 2014

TCF's Neil Bhatiya has written an article for The Week, about the passing of Vermont Senator Jim Jeffords, who championed environmental causes.

his week, Jim Jeffords, the former senator from Vermont, passed away at the age of 80. Jeffords is perhaps most famous for disrupting the balance of power in the Senate in 2001. Disillusioned with the growing conservative bent of the Republican Party, Jeffords declared himself an Independent in May of that year, undermining GOP control of the Senate.

Read the full article.

How ISIS Is Using Taxes To Build A Terrorist State
Thanassis Cambanis August 19, 2014

TCF fellow, Thanassis Cambanis, has been quoted in a Forbes article about the Islamic State in Iraq and Syria (ISIS).

When does a rebel movement become a state?

Scholars have been wrestling with that question for decades, but it’s not just an academic exercise. Thanks to the rapid advance of the Islamic State in Iraq and Syria (ISIS), now rebranded as the Islamic State, state creation is an urgent matter of national security.

Tax Burden in U.S. Not as Heavy as It Looks, Report Says
Edward D. Kleinbard August 19, 2014

TCF fellow, Edward D. Kleinbard has been quoted in an article on the New York Times about corporate tax in the U.S.

For years, chief executives have complained bitterly about the United States corporate tax code, arguing that it is too complicated and that rates are too high. The issue has reached a near boiling point this summer as many large American companies have sought to buy smaller foreign rivals so they can renounce their United States corporate citizenship and reincorporate overseas to lower their tax bills. Others are considering the move, known as an inversion.

Read the full article.

U.S. firm helped the spyware industry build a potent digital weapon for sale overseas
Barton Gellman August 18, 2014

TCF fellow, Barton Gellman has written a piece for The Washington Post about a U.S. company that helped helped build a digital weapon for sale overseas.

CloudShield Technologies, a California defense contractor, dispatched a senior engineer to Munich in the early fall of 2009. His instructions were unusually opaque.

As he boarded the flight, the engineer told confidants later, he knew only that he should visit a German national who awaited him with an off-the-books assignment. There would be no written contract, and on no account was the engineer to send reports back to CloudShield headquarters.

Read the full article.

Washington can’t solve the identity crisis in Middle East nations
Thanassis Cambanis August 18, 2014

TCF fellow, Thanassis Cambanis has been quoted in an article about leadership within the Middle East on The Washington Post.

Yes, Nouri al-Maliki stubbornly refused to govern inclusively in Iraq. Yes, the rule of Syria's Assad family has been brutal. And yes, Moammar Gadhafi left Libyans with little in the way of national institutions when he fell. But the pathologies of these leaders go only so far to explain the stunning failure of three major Arab states.

The Arab world is caught up in a broader struggle. It is being whipsawed between competing and not entirely satisfying notions of what it should mean to be Egyptian, Syrian, Iraqi, Libyan, Yemeni or Lebanese. Until Arabs figure out who they are and what kind of countries they want to live in, there is little Washington can do to help.

Read the full article.

The Threat Posed by Islamic State ISIS
Michael Wahid Hanna August 15, 2014

TCF senior fellow, Michael Wahid Hanna has appeared on Charlie Rose to discuss the threat posed by ISIS.

On “Charlie Rose,” a conversation about the threat posed by ISIS. We are joined by former senior counter-insurgency advisor, David Kilcullen; senior fellow at the Century Foundation, Michael Hanna; and Middle East Bureau Chief for the Wall Street Journal, Bill Spindle.

Watch the discussion in full.

Tea Party steers GOP right - away from White House
Michael Cohen August 15, 2014

TCF fellow, Michael Cohen writes about the divide between the GOP's presidential and congressional wings, in an article for The Boston Globe.

If there has been one theme in Republican Party primaries this year — from Eric Cantor’s stunning upset to Thad Cochran’s success in holding back the far right in Mississippi — it is the establishment versus the Tea Party. But with the primary season now wrapping up, a more crucial divide in the GOP is emerging: the one between the party’s presidential and congressional wings. The latter continues to dominate the GOP with potentially calamitous results.

To be sure, the establishment/Tea Party frame has always been a bit overstated. The establishment held back the Tea Party by basically co-opting their issues and rhetoric — while in the process moving the party even more to the right.

Read the full article.

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Upcoming Events

Recent Events

2014 Intern Policy Forum Series
June 18, 2014 to July 23, 2014Calling all summer interns! Whether you’re in college, graduate school, or a recent grad, join The Century Foundation this summer for a series of stimulating conversations with experts across a wide variety of topics.
Lumina Ideas Summit: New Pathways to Higher Education Diversity
June 17, 2014 9:00 AM

This summit will reinforce the importance of racial and socioeconomic diversity in higher education, and identify new paths to achieving these goals relative to legal constraints recently determined by the U.S. Supreme Court.

The New Internationalism: Foreign Policy After Afghanistan and Iraq
Tuesday, June 17, 2014 from 8:00 AM to 1:30 PM (EDT)TCF fellow Michael Cohen joins other panelists to discuss foreign policy after the Afghanistan and Iraq wars. The American Conservative with The American Prospect and the Institute for Security and Conflict Studies are hosting the event in Washington, D.C.
Educational Justice and the Integration of America’s Schools
Wednesday, June 11, 2014, 12 p.m.-2 p.m. TCF senior fellow Richard Kahlenberg joins the Shanker Institute for a panel discussion marking the 60th anniversary of Brown v. Board of Education. Today, the promise of that historic decision remains unfulfilled. The progress made toward desegregating American schools has not simply stalled, but is increasingly being reversed across the nation. Today, New York schools are the most segregated in the nation.
Inequality Begins at Birth: Child Poverty in America
June 10, 2014 8:30 AM - 3:30 PMJoin TCF's newest fellow Jeff Madrick for a day-long event to discuss America's child poverty problem. The conference, Inequality Begins at Birth: Child Poverty in America, is sponsored by The Century Foundation’s Bernard L. Schwartz Rediscovering Government Initiative, the Roosevelt Institute and the Academic Pediatric Association. America’s child poverty rate, currently above 22 percent—the highest in the developed world—is one of the nation’s gravest social problems. On June 10, keynote speaker Senator Cory Booker and three panels of economists, policy experts, and child povertyactivists will come together to discuss solutions for helping the nation’s most vulnerable. Lunch will be provided. There will be a live web cast of the event. RSVP HERE.
Richard Kahlenberg speaks at National Institute for Staff and Organizational Development
May 27, 2014 11:45 a.m. - 1:00 p.m.TCF senior fellow Richard Kahlenberg will give a keynote lecture for the National Institute for Staff and Organizational Development. Hear from “best-in-class” general session keynote speakers and be inspired by their insights and advice. Gain valuable information from some of the brightest stars in education today as they share their experience and expertise.
FRONTLINE presents “United States of Secrets” feat. Barton Gellman
May 20, 2014 at 9:00 p.m.TCF senior fellow Barton Gellman is featured in the new FRONTLINE special, United States of Secrets. How did the government come to spy on millions of Americans? In United States of Secrets, a two-part series airing May 13 and 20, FRONTLINE goes behind the headlines to reveal the dramatic inside story of the U.S. government’s massive and controversial secret surveillance program—and the lengths they went to trying to keep it hidden from the public.
Degrees of Inequality: A Conversation with Suzanne Mettler and MSNBC’s Joy Reid
MAY 13, 2014 6:30 PM - 9:00 PMYou're invited to join TCF fellow Suzanne Mettler as she discusses her new book, Degrees of Inequality: How the Politics of Higher Education Sabotaged the American Dream with MSNBC's Joy ReidDegrees of Inequality dissects student aid policies and calls attention to the problems of rising tuition prices, high student loan debt, and weak employment prospects. Mettler outlines what has gone wrong with our system of education over the last thirty years—and what lawmakers on both sides of the aisle must do to bring about reform. RSVP here! This event is in collaboration with Cornell University.
Defying Injustice: Lessons from Defeating Apartheid to the Arab Spring
April 10, 2014 at 6:00 PMThis interactive dialogue, led by Gay McDougall, brings together scholars, researchers and activists from diverse social movements to consider how the fight against apartheid can inform current social movements. Join TCF senior fellow Michael Wahid Hanna and other panelists for this exciting event.
Neighborhoods with Concentrated Poverty with Paul Jargowsky, Patrick Sharkey, Ta-Nehisi Coates
April 10 at 2 p.m. ESTOn Thursday, April 10 at 2 p.m. ET, the Economic Policy Institute (EPI) and The Century Foundation will hold a discussion on the long-term and devastating impact growing up in high-poverty neighborhoods has on children, with leading experts TCF's Paul Jargowsky, NYU's Patrick Sharkey, Ta-Nehisi Coates of The Atlantic and Sherrilyn Ifill of the NAACP Legal Defense and Educational Fund. EPI Research Associate Richard Rothstein will moderate.

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