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Sylvie VACHERET
Le 23 octobre 2019
USEco 23/10/2019 : US economic news

USEco 23/10/2019 : US economic news

  1. America’s Tax System after the Tax Cuts and Jobs Act: A long-read Q&A
  2. Wealth Taxation: An Overview of the Issues
  3. Banking Trends: How Foreign Banks Changed After Dodd–Frank
  4. Small Business Administration: A Primer on Programs and Funding
  5. 2025 and the Future of American Industry
  6. The Manufacturing Evolution: How AI Will Transform Manufacturing and the Workforce of the Future
  7. Who Is Winning the AI Race: China, the European Union, or the United States?

America’s Tax System after the Tax Cuts and Jobs Act: A long-read Q&A

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American Enterprise Institute – AEIdeas – August 27, 2019

James Pethokoukis and Alan D. Viard

https://www.aei.org/publication/alan-viard-on-america-tax-system-after-the-tcja/?

How have the Trump tax cuts affected America’s economy, or do we even know yet? Have they stimulated investment as promised? More broadly, what solutions are at our disposal to fix the deficits these cuts have generated? What are we to make of proposals to repeal the Cadillac tax or index the capital gains tax to inflation? And which tax policies will the left and the right pursue next? Alan Viard and James Pethokoukis explore these questions and more.

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Wealth Taxation: An Overview of the Issues

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The Aspen Institute Economic Strategy Group – Report - August 12, 2019 – 19 pages

Alan D. Viard

https://www.aei.org/wp-content/uploads/2019/08/Wealth-Taxation-An-Overview-of-the-Issues.pdf

“Alan Viard analyzes the consequences of a wealth tax and argues that, on balance, it would be more prudent to pursue any desired increase in tax progressivity through reforms of income and estate and gift taxes.”

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Banking Trends: How Foreign Banks Changed After Dodd–Frank

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FRB Philadelphia – Economic Insights – Third Quarter 2019 – 6 pages

https://www.philadelphiafed.org/-/media/research-and-data/publications/banking-trends/2019/bt-dodd-frank-foreign-banking.pdf?la=en

“One legacy of the Great Recession was the Wall Street Reform Act, but this act affected not only domestic banks. James DiSalvo examines how it also changed how foreign banks operate in the U.S.”

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Small Business Administration: A Primer on Programs and Funding

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Congressional Research Service – Report – Updated August 29, 2019 – 40 pages

https://fas.org/sgp/crs//misc/RL33243.pdf

“The Small Business Administration (SBA) administers several types of programs to support small businesses, including loan guaranty and venture capital programs to enhance small business access to capital; contracting programs to increase small business opportunities in federal contracting; direct loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; and small business management and technical assistance training programs to assist business formation and expansion.”

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2025 and the Future of American Industry

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Senate Committee on Small Business – Report –- 80 pages

Senator Rubio

https://www.rubio.senate.gov/public/_cache/files/0acec42a-d4a8-43bd-8608-a3482371f494/262B39A37119D9DCFE023B907F54BF03.02.12.19-final-sbc-project-mic-2025-report.pdf

“Chinese government makes their goal clear. China aims to become the global leader in innovation and manufacturing. This would be an unacceptable outcome for American workers. To drive our own development in a competitive, global economy, we must prioritize the high-wage industries of the 21st century, to the benefit of American businesses, workers, and their families.”

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The Manufacturing Evolution: How AI Will Transform Manufacturing and the Workforce of the Future

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ITIF/MAPI Foundation – Report – August 6, 2019 – 56 pages

Robert D. Atkinson and Stephen J. Ezell

https://static1.squarespace.com/static/58862301f7e0ab813935c244/t/5d48788e7b132300013f15b0/1565030557296/MAPI-ITIF-AI-workforce-report-F.pdf

“A new study that ITIF undertook for the MAPI Foundation, a research subsidiary of the Manufacturers Alliance for Productivity and Innovation, shows that the introduction of artificial intelligence into the manufacturing value chain is significantly changing the nature of that sector’s workforce. But rather than robots taking human jobs, new hybrid roles are emerging where humans enable machines and AI augments human capabilities.”

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Who Is Winning the AI Race: China, the European Union, or the United States?

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ITIF’s Center for Data Innovation - August 19, 2019 – 106 pages

Daniel Castro, Michael McLaughlin and Eline Chivot

https://s3.amazonaws.com/www2.datainnovation.org/2019-china-eu-us-ai.pdf

The United States leads the race for global advantage in artificial intelligence, at least for the time being, with China coming in second and the EU lagging behind, according to a new report from ITIF’s Center for Data Innovation. Out of 100 points in the scoring methodology, the United States is ahead with 44.2, followed by China with 32.3 and the EU with 23.5—but China is poised to challenge U.S. dominance in coming years as it undertakes bold AI initiatives.”

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