Daniel Bergstresser
BRANDEIS INTERNATIONAL BUSINESS SCHOOL. Associate Professor of Finance. My research focuses on municipal finance, taxation, household financial behavior, corporate governance, and corporate financial reporting.

The Capital Gains Tax and Inflation

August 13, 2018

The Issue:

The United States Treasury Department is reportedly studying whether it can issue regulations that would allow taxpayers to account for inflation when calculating taxes on capital gains. Such a change has been considered in the past. Taxing savings, like taxing any economic activity, distorts the functioning ...
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Tax Reform Threatens Infrastructure Investment

December 26, 2017

The Issue:

During the 2016 presidential campaign and after his election, President Trump promised to lead an upgrade in our nation’s infrastructure. In February 2017, President Trump announced that he would ask Congress to approve programs designed to stimulate $1 Trillion in infrastructure investment. At least ...
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The Jones Act and the Cost of Shipping Between U.S. Ports

October 19, 2017

The Issue:

The efforts to help Puerto Rico recover from Hurricane Maria, which made landfall on the island on September 20, 2017, have brought attention to a previously little-known piece of legislation, the Jones Act. This act prevents foreign-owned or operated vessels from shipping between ports in the United ...
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Puerto Rico’s Debt Trap

May 16, 2017

The Issue:

At the beginning of May, Puerto Rico entered an unprecedented form of bankruptcy protection with a record breaking $123 billion in combined debt and unfunded pension commitments. The ensuing restructuring process will be, in effect, the largest municipal bankruptcy ever, dwarfing Detroit’s $20 billion ...
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How Should We Pay for Our Infrastructure?

May 3, 2017

The Issue:

A well-functioning society requires adequate infrastructure facilities such as roads, bridges, water systems, ports, airports, schools, and police stations. But the current stock of American infrastructure is now widely acknowledged to be deficient. The American Society of Civil Engineers has given the ...
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Is the Volcker Rule in the Cross Hairs?

March 1, 2017

The Issue:

On February 3 President Trump signed an executive order directing the Secretary of the Treasury to report within 120 days on, among other things, the extent to which existing laws and regulations affecting American financial markets are “efficient, effective, and appropriately tailored.” A key regulation ...
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