Mankiw on Corporate Tax

One way to fix the corporate tax: repeal it.

Economic Activity During the Government Shutdown

CEA has this interesting report.

Mankiw Explains Why He Is A Republican

From NYT.

"...the tendency of people to interpret evidence in a way that is consistent with their previous beliefs. No one can escape his or her own history."

The Budget Reform Pivot

From WSJ.

Plans for Slashing Corporate Taxes Worry Some Firms .

From WSJ:

Under the current thinking, Treasury officials would propose lowering the U.S. corporate rate from the current 35%, among the world's highest, to the upper 20s.

To offset the lost revenue that would come with a major rate reduction, the plan would likely call for reducing or eliminating major business deductions, such as for accelerated depreciation.

But in addition, administration officials have been considering ideas that could result in different tax treatment and possibly higher taxes for some large businesses that are organized as small businesses, according to people familiar with the situation. In particular, small-business representatives worry that the administration will seek to force the largest of those businesses to pay corporate taxes in addition to what they pay now.