News
CNBC | Tackling the Holy Grail of Tax Reform: Loopholes
The two political parties and their presidential standard bearers are moving inexorably toward an acrimonious public debate next month over how to pay for tax reform, which will be a major issue during the next session of Congress no matter who wins the White House or controls Congress after November.
Econ Comments & Analysis
Real Clear Markets | The Corporate Tax: Republicans Versus Democrats
The practice of U.S. corporations keeping hundreds of billions of dollars in profits overseas to escape onerous American taxes has become a political issue in this presidential election. Both candidates have expressed concern and proposed changes to the current tax system that include reducing corporate income tax and ending various deductions. There the similarities end, however.
CRS | The Corporate Income Tax System: Overview and Options for Reform
Many economists and policymakers believe that the U.S. corporate tax system is in need of reform. There is, however, disagreement over why the corporate tax system needs to be reformed, and what specific policy measures should be included in a reform.
Blogs
Tax Foundation | Journalists Too Quick to Conclude There is No Tradeoff between Taxes and Growth
The OECD finds a hierarchy of taxes in terms of damage done to the economy: corporate income taxes are most harmful, followed by personal income taxes, then consumption, and property taxes.
