Faculty in the News
Stephanie Hoffer Media Hits
The following is a list of selected media coverage for Stephanie Hoffer. The links below will direct you to sites that are not affiliated with the Moritz College of Law. They are subject to change, and some may expire or require registration as time passes.
Professor Stephanie Hoffer appeared on NBC4 to discuss President Donald Trump’s proposed tax reform package. While officials from the Trump administration say that the proposal will lower the debt-to-GDP ratio, close key loopholes in the tax code, and pay for itself in growth, some experts say that the proposal could add trillions of dollars to the deficit and is still lacking in specifics.
“I think the ‘how is it going to be paid for’ question is a huge question that has the potential to split the Republican Party,” Hoffer said.
Professor Stephanie Hoffer was quoted in an article on expert credit card information website Card Hub about what she would change in the Internal Revenue Code if her only goal was stabilization of the economy. Hoffer said an area she sees trouble in is debt investment in business. She said the government encourages borrowing from a business standpoint because foreign investors who loan money to U.S. businesses receive more favorable treatment than those who make equity investments and receive divends from stock in companies.
"I can think of no reason why the government should encourage borrowing for borrowing’s sake. United States businesses’ heavy reliance on creditors means that businesses are at risk whenever credit markets become tight," Hoffer said. "When these borrowers default on their loans en masse, the credit market contracts, leaving debt-reliant businesses in a bad position."
Professor Stephanie Hoffer was quoted by The Cincinnati Enquirer in an article about a proposed ticket tax for events at the city’s riverfront stadiums. The tax, proponents argue, would offset a $14.2 million deficit faced by Hamilton County, but legal experts cautioned that lease agreement language might make collecting any ticket tax a worthless pursuit.
Hoffer said because the city charter already allows for an events tax, the teams should know it's possible to add additional taxes. Later, she questioned whether proponent Todd Portune's involvement means it's a county action. Portune is a county commissioner, but he insists he’s acting as an individual.
"He seems to be acting on behalf of his constituents, rather than as a private citizen," Hoffer said. "But the lease forbids him from acting on behalf of constituents, because in doing that he is acting as a commissioner."