Skip to content

Content Header

R44651 – Tax Policy and U.S. Territories: Overview and Issues for Congress – 10/7/2016

R44651 – Tax Policy and U.S. Territories: Overview and Issues for Congress – 10/7/2016 published on

Author: Sean Lowry, Analyst in Public Finance
Pages: 28

This report summarizes U.S. tax policy related to the territories, including a general discussion of how federal taxes apply to territorial residents and how federal law affects the different territorial tax systems in similar or different ways. This report is not intended to be a comprehensive guide to federal or territorial tax policy or tax law. Bills: H.R. 5278, H.R. 3838, H.R. 3448

RL32964 – The United States as a Net Debtor Nation: Overview of the International Investment Position – 10/7/2016

RL32964 – The United States as a Net Debtor Nation: Overview of the International Investment Position – 10/7/2016 published on

Author: James K. Jackson, Specialist in International Trade and Finance
Pages: 18

The international investment position of the United States is an annual measure of the assets Americans own abroad and the assets foreigners own in the United States. The net position, or the difference between the two, sometimes is referred to as a measure of U.S. international indebtedness. This designation is not strictly correct, because the net international investment position reveals the difference between the total assets Americans own abroad and the total amount of assets foreigners own in the United States. These assets generate flows of capital into and out of the economy that have important implications for the value of the dollar in international exchange markets. Some Members of Congress and some in the public have expressed concerns about the U.S. net international investment position because of the role foreign investors are playing in U.S. capital markets and the potential for large outflows of income and services payments. Some observers also argue that the U.S. reliance on foreign capital inflows places the economy in a vulnerable position.

RL33274 – Financing the U.S. Trade Deficit – 10/7/2016

RL33274 – Financing the U.S. Trade Deficit – 10/7/2016 published on

Author: James K. Jackson, Specialist in International Trade and Finance
Pages: 23

The U.S. merchandise trade deficit is a part of the overall U.S. balance of payments, a summary statement of all economic transactions between the residents of the United States and the rest of the world, during a given period of time. Some Members of Congress and other observers have grown concerned over the magnitude of the U.S. merchandise trade deficit and the associated increase in U.S. dollar-denominated assets owned by foreigners. International trade recovered from the global financial crisis of 2008-2009 and the subsequent slowdown in global economic activity that reduced global trade flows and, consequently, reduced the size of the U.S. trade deficit. Now, however, U.S. exporters face new challenges with an increase in the international exchange value of the dollar relative to other key currencies and the slow rate of economic growth in important export markets in Europe and Asia. This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.

R44649 – Treasury Department Appropriations, FY2017 – 10/6/2016

R44649 – Treasury Department Appropriations, FY2017 – 10/6/2016 published on

Author: Gary Guenther, Analyst in Public Finance
Pages: 37

This report examines FY2017 appropriations for the Treasury Department and its operating bureaus, including the Internal Revenue Service (IRS). More specifically, it describes the President’s budget request for Treasury in FY2017 and the current status of legislation in the House and Senate to fund the department. In addition, the report discusses selected policy issues raised by the budget request and the House and Senate appropriations bills. Bills: H.R. 5485

Primary Sidebar