The Emerging Consensus for Cutting the Corporate Income Tax Rate

Contemporary tax policy circles are characterized by healthy debates on a range of policy measures. However, a consensus has emerged among tax policy experts on one point: the United States should lower its statutory corporate income tax rate. Doing so would produce a number of benefits, both internationally and domestically. This short Article summarizes some of the chief benefits that are driving the consensus for a reduced corporate income tax rate. It also describes the surprising degree of political agreement that has quietly emerged on this point.