The time may finally have come for the elimination of income tax and the adoption of a consumption tax.

According to the most recent statistics available from the Organisation of Economic Co-operation and Development (OECD), the U.S. combined corporate income-tax rate was second highest among the thirty OECD countries (39.3 percent in 2005). However, as a percentage of gross domestic product (GDP), the revenue yield of the corporate income-tax...

Diplomats from around the world will gather in Kyoto in December to negotiate an international agreement concerning the threat of global warming.

Traditional arguments for corporate taxation have ignored the role of imperfectly competitive markets, risk, and innovation.

By eliminating the deductibility of interest, accelerating depreciation schedules, and reducing the corporate tax rate, we can reduce the effective marginal tax rate and improve U.S. competitiveness.

It is both remarkable and encouraging that, despite all that has transpired over the past couple of years, a significant step-up in the growth of productivity appears to have persisted.

We should strive to keep our imperfect tax system as neutral as possible, allowing the allocation of capital to be determined by market forces.