Arguments for lowering the corporate tax rate include the traditional concerns about economic distortions arising from the corporate tax and newer concerns arising from the increasingly global nature of the economy. Some claims have been made that lowering the corporate tax rate would raise...

This study examines income mobility and income inequality in the 1980s and 1990s. The results show that income mobility in the 1980s differed from mobility in the 1990s. Positional mobility was lower in the 1990s than in the 1980s, but income changes were more extensive in the 1990s than in the...

Several policy makers have voiced concern, bordering on alarm, over federal budget deficits and growing federal debt over the past decade and have advocated changes in spending and revenue policies to address their concerns. This study examines the redistributive effect of various federal tax...