Robert J. Samuelson gets a prescription from three economists:
We should lower the tax on corporations. That would make the United States more attractive to U.S. and foreign multinationals. We should then raise taxes on the people who receive the benefits of corporate profits.
The economists suggest cutting the corporate rate to 26 percent and increasing the capital-gains rate to 28 percent; dividends would be taxed as ordinary income. If done properly, this switch would create jobs, lower tax avoidance, and cut budget deficits. Eliminating unwarranted business tax breaks could raise extra revenues. The scandal is not that GE is paying no U.S. taxes in 2010; that will be temporary. The scandal is that we’re not facing the realities of globalized business.
The Dish 