9% Corp. Flat Tax Will Solve US Budget Issues, BU Prof. Says

Law360, New York (December 17, 2013, 3:05 PM EST) -- If the U.S. broadens its corporate tax base and institutes a 9 percent corporate tax, the nation will raise its gross domestic product by 6 percent, says a paper released Monday by Boston University professor and National Center for Policy Analysis Laurence Kotlikoff.

The nation’s current corporate tax scheme, which is comprised of a high 35 percent marginal tax rate and significant rebates is a distortion of revenue rather than a source of revenue, according to the paper, but if Congress closes corporate loopholes and institutes...
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