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A Lower Corporate Rate Is a Practical And Good Response to Inversions

It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But it’s even more amazing that America arguably has the most punitive corporate tax rate in the entire world. Here’s some of what I wrote on the topic for today’s U.K.-based Telegraph. …the United […]

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Lower Tax Rates vs. Targeted Tax Credits, Part II

I wrote a column for the Wall Street Journal last week about the policy debate over whether it’s better to lower tax rates or to provide targeted tax cuts for parents. Since this meant I was wading into a fight between so-called reform conservatives (or “reformicons”) and traditional conservatives (or “supply-siders”), I wasn’t surprised to […]

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Inversion Controversy Is about Whether Company Profits Should Flow to Shareholders or Government

Since I’ve been in Washington for nearly three decades, I’m used to foolish demagoguery. But the left’s reaction to corporate inversions takes political rhetoric to a new level of dishonesty. Every study that looks at business taxation reaches the same conclusion, which is that America’s tax system is punitive and anti-competitive. Simply stated, the combination […]

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Australia’s Worrisome Fiscal Drift

I’m in Australia for Consilium, an annual conference which is hosted by the Centre for Independent Studies. I spoke on fiscal policy and pontificated on the need for nations to restrain government spending. That’s an important message (at least in my humble option), but I thought it was more interesting to learn more about the […]

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Lower Tax Rates > Targeted Tax Credits

Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing tax relief to parents. There are many leaders in this movement and, if you want to learn more about the tax proposals being discussed, I […]

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Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans

What do cigarettes and capital gains have in common? Well, they both start with the same letter, so maybe the Cookie Monster could incorporate them into his favorite song, but I’m thinking about something else. Specifically, both cigarettes and capital gains tell us something important about tax policy, the Laffer Curve, and the limits of […]

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