Elimination of the double taxation of dividends would be an excellent start down the road to full elimination of the tax on corporate income and a movement toward an integrated tax system where corporate income is imputed to its ultimate owners—households—and taxed once at that level at the same rate that all income is taxed.

The following AEI scholars are available to discuss the budget announcement and its policy implications.

One of the iron laws of U.S. news reporting is that the economy gets positive reviews under Democratic presidents and negative reviews under Republican presidents.

Tax cuts should be larger, not smaller, in view of the weakening economy.