Sunday, February 8, 2009

Miron: Eliminate the Corporate Income Tax to Stimulate the Econmy

Eliminating the corporate income tax would go a long way to stimulating the economy in a manner that will never happen with the current pork-laden bill before Congress.

Harvard's Jeffrey A. Miron explains the many ways it would help::

[Repeal of the Corporate Income Tax]would spur investment, improve the transparency of corporate accounting, slash compliance costs, and avoid the distortions caused by the special-interest provisions in the tax code. Repeal can work fast, by raising companies' share prices, increasing cash flow, and allowing corporations to lessen their need for bank lending.

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