Friday, January 2, 2015

Abolish Corporate Income Tax?

Business history author John Steele Gordon wrote an Op-Ed piece in The Wall Street Journal on December 30, 2014 entitled, “Top 10 Reasons To Abolish The Corporate Income Tax”. I believe that his reasons are valid and he makes a strong case for abolishing the corporate income tax in the U.S. and the world. However, his Op-Ed lacks a balanced view since it does not point out any of the problems with eliminating the corporate income tax.

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