Alan D. Viard is a resident scholar at the American Enterprise Institute (AEI), where he studies federal tax and budget policy.
Prior to joining AEI, Viard was a senior economist at the Federal Reserve Bank of Dallas and an assistant professor of economics at Ohio State University. He has also been a visiting scholar at the US Department of the Treasury's Office of Tax Analysis, a senior economist at the White House's Council of Economic Advisers, and a staff economist at the Joint Committee on Taxation of the US Congress. While at AEI, Viard has also taught public finance at Georgetown University’s Public Policy Institute. Earlier in his career, Viard spent time in Japan as a visiting scholar at Osaka University’s Institute of Social and Economic Research.
Viard received his Ph.D. in economics from Harvard University and a B.A. in economics from Yale University. He also completed the first year of the J.D. program at the University of Chicago Law School, where he qualified for law review and was awarded the Joseph Henry Beale prize for legal research and writing.
Senior Economist, Federal Reserve Bank of Dallas, 1998-2006
Visiting Scholar, Office of Tax Analysis, Treasury Department, 2005
Senior Economist, President's Council of Economic Advisers, 2003-2004
Assistant Professor of Economics, Ohio State University, 1990-98
Economist, Joint Committee on Taxation, U.S. Congress, 1992-93
Although further research will be needed on their long-term effects, it is clear that e-cigarettes can play an important harm reduction role. Unfortunately, the proposed regulation threatens to prevent e-cigarettes from playing that role.
At roughly 39% (including state taxes), the U.S. corporate tax rate is the highest among developed countries. Also, the United States is one of the few countries still taxing the active foreign-source income of its corporations.
Spending on Medicare is expected to explode in the coming years as our population ages. Despite this, a new Senate bill introduced by Sen. Mark Pryor would symbolically take potential solutions off the table by advocating against raising the eligibility age or privatizing the system. The bill would also restrict procedures that Congress could use to adopt reforms.
The tax system penalizes some kinds of capital relative to others because of differences in how cost recovery is treated. There’s also a penalty on equity relative to debt, which is very important. We have good evidence from many studies over the years that the decision between the two financing methods is somewhat sensitive to the differences in tax treatment.