Well-Designed, Fiscally Responsible Corporate Tax Reform Could Benefit the Economy: Unpaid-For Rate Cuts Would Likely Hurt Most Americans in the Long Run
End Notes
[1] R. Glenn Hubbard, “The Corporate Tax Myth,” Wall Street Journal, July 26, 2007.
[2] Treasury also considered the possibility of using base broadening to pay for partial expensing of corporate investment, an approach that could be highly problematic if not coupled with other changes; see the box on page 19. U.S. Department of the Treasury, “Treasury Conference on Business Taxation and Global Competitiveness: Background Paper,” July 23, 2007, http://www.treas.gov/press/releases/reports/07230%20r.pdf.
[3] Office of Tax Policy, U.S. Department of the Treasury, “Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century,” December 20, 2007, http://www.ustreas.gov/press/releases/reports/hp749_approachesstudy.pdf.
[4] Office of Tax Policy, U.S. Department of the Treasury, “Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century.”
[5] Jane G. Gravelle and Thomas L. Hungerford, “Corporate Tax Reform: Issues for Congress,” Congressional Research Service, updated April 22, 2008.
[6] Joint Committee on Taxation, “Macroeconomic Analysis of Various Proposals to Provide $500 Billion in Tax Relief,” JCX-4-05, March 1, 2005, http://www.house.gov/jct/x-4-05.pdf.
[7] Jason Furman, “Corporate Taxes, in Need of Reform,” Washington Post, October 27, 2007, http://www.brookings.edu/opinions/2007/1027_corporate_taxes_furman.aspx.