In a sharp break from that campaign stance and the Administration's first three budgets, President Obama is now calling for an all-in dividend tax rate of almost 45 percent, the highest rate in 27 years. The president's about-face bodes ill for the economy.

The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."

Alan D. Viard, a resident scholar at AEI, reviews the budget outlook, the need for tax reform and the benefits of moving to a progressive consumption tax. He also discusses his forthcoming book, Progressive Consumption Taxation: The X Tax Revisited, which he coauthored with Robert Carroll of Ernst & Young. The book will be published by AEI Press in the Spring.

When the new president and Congress take office in 2009, they will face several critical tax policy decisions: Should the income tax rate cuts and the reductions in dividend and capital gains taxes adopted in 2001 and 2003 be made permanent? Should the corporate income tax and the taxation of...

On the issue of dividend taxation, Barack Obama may be the candidate with the best chance of preserving George Bush's legacy.

What have economists learned from the Bush tax cuts and other tax policies that can inform tax policy debates in the next decade?

Four goals for reducing the scope of government involvement in the financial system and for paving the way for reprivatization.

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