technology

The Challenges of Corporate-Only Revenue Neutral Tax Reform

There is universal recognition in Washington that the 35 percent federal corporate tax rate is out of step with our global competitors and should be lowered in order to improve U.S. competitiveness and economic growth, with a common target of 25 percent. And while there is a need for comprehensive tax reform, many have suggested that lawmakers move forward with corporate-only reform, provided that it be accomplished in a revenue neutral manner by broadening the corporate tax base. While corporate-only tax reform may appear to be less complicated and more expeditious than comprehensive reform, there are reasons to believe that the goal of revenue neutrality and economic growth are at odds with each other.

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