We review the evidence for the R&D tax credit’s effectiveness and the credit’s complexity, while recommending ways to improve the credit if it is retained in the tax code. [read post]

This would go beyond mere calculation of capital and include also include creating new securitization structures, issuing new types of capital instruments, and identifying alternative funding sources.6 The Capital Proposal’s increases in capital requirements would also increase the costs of bank lending and trading activities, driving some of these activities to nonbank financial institutions, or increasing the costs for customers and counterparties in the Main Street economy. [read post]