Tuesday, February 15, 2011
Wall Street Journal op-ed, Want to Boost the Economy? Lower Corporate Tax Rates
, by Martin Feldstein
(Harvard University, Department of Economics):
President Obama has reached out to the business community with talk of lowering the corporate tax rate and improving the tax treatment of profits earned abroad by American companies. That would certainly be an important improvement in our tax system. Unfortunately, his desire to use the elimination of "loopholes" to avoid any loss of corporate tax revenue means that he cannot possibly go far enough in reducing corporate tax rates.