The first order of business for a Republican president next year should be corporate-tax reform. But even if Republicans win big in the fall, undoing America's largest policy error will be an almost impossible political lift, unless enough people in both parties come to grips with the counterintuitive economics of corporate-tax reform.

President Obama’s budget speech on Monday expanded on the theme of economic “fairness,” like his State of the Union speech in January. He lectured Americans that if critical steps are not taken, the rise of the middle class will be threatened and disparities between the rich and the rest will...

Despite the significant revenue it raises, the taxation of corporate capital gains has received far less attention than the taxation of individual capital gains. How does the taxation of corporate capital gains affect investment, sales of business property, and other economic decisions? How do other countries tax corporate capital gains?...

Contrary to protectionist rhetoric, U.S. firms that create employment abroad also help the domestic job market.

Neither the CBO nor the Treasury's assumptions--that capital bears 100 percent or that no one bears the tax--are valid. Both approaches fail to reflect recent empirical and theoretic research that finds workers bear a large portion of the burden of the CIT.

N. Gregory Mankiw, chairman of the President's Council of Economic Advisers, and experts discuss issues of tax policy and global business activity.

President Obama's plan to raise America's corporate taxes to even higher levels will be destructive to U.S. firms' competitiveness.

Many countries have restructured their corporate income taxes in recent years, mainly through reductions in tax rates. These international changes have put pressure on the United States to reform its corporate tax, little changed since 1986. Should the United States follow these overseas trends? At this seminar, eminent economists and...