A Pro-Growth, Progressive, and Practical Proposal to Cut Business Tax Rates
AEI Tax Policy Outlook, 2012, No. 1, January 2012
8 Pages Posted: 19 Mar 2013
Abstract
The US tax code has eroded over time with the explosion of endless special provisions, such as distortionary deductions and ineffective credits. Now is the time to take a good look at reforming it. This Outlook outlines six simple — and bipartisan — changes to the tax code that can help the country move toward a tax code aimed towards economic growth and away from complex regulations and political favoritism. While containing the types of compromises necessary for political achievement, this plan provides a pro-growth solution by broadening the tax base and reducing the tax rate on business investment.
Suggested Citation: Suggested Citation