Congress is considering allowing the Bush tax cuts' rate reductions for high-income households to expire at the end of 2010 while providing a deficit-financed extension of the middle-class portion of the tax cuts. This combination would damage economic growth by hiking marginal tax rates on...

The public debate about the corporate tax provisions of the Tax Cuts and Jobs Act has ignored the relevant incentive effects, amid misguided discussions of the one-time employee bonuses and the lack of corporate altruism. The debate should be refocused on the real advantages and disadvantages of...