Megan McArdle has a story in Atlantic arguing that the U.S. should dump the corporate income tax. “The FT has a piece today on the administration’s plans to lower the corporate income tax rate in exchange for simplification–getting rid of a bunch of deductions. This is a decent plan–and not just because it’s the Full Employment for Policy Pundits Act of 2011–but this seems like a good time to once again charge into the fray and argue that we ought to just eliminate the damn thing altogether.”
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