U.S. Debt Ceiling: A Plan to Kick the Can?

House Republicans are looking at legislative options that would couple a hike in the federal debt ceiling, likely due in the fall, with progress on corporate tax reform, writes CFR's Robert Kahn on his blog "Macro and Markets." However, significant disagreement between the two parties on major policy points, including on rate levels and the taxing of foreign profits, would probably preclude a grand bargain in the coming months, he says.

This Renewing America backgrounder examines the issue of corporate tax reform and the implications for U.S. global competitiveness.