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SEPTEMBER 26, 2012

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CHAIRMEN

PRESIDENT

DIRECTORS

New America Foundation


0    (       "    " !   "  " ' 3 0 " '   ) '     '  % "   ' %  !        

The Committee for a Responsible Federal Budget


h b b ` y x c i w t v c u t ` s r f e b a R Q z H R V T T V y G T S R Q y x c i w t v c u t ` s r a c q b c p i f h P I V h R Q V T T V y G T S R Q u u c a i f ` y ` a c q I V X R W V x G T S R Q x c i w t v f e f ` h u u c a i f ` y r a ` x P G w f ` h x e w f t ` Y e h a c b i u c T w c x h f o c x ` f e a c f c s a c f f ` a x e F l I U G T Q R F G T S R Q b a ` c d w f e r ` f ` h u u h b b ` y f e f ` h x e q r a h e x ` x f c w h u c a d c x ` x n e x m ` G T l I t v f e f ` h u u c a i f ` y r a ` x c a h i P I Q G h b b c q Q c q Q b a ` x Q f h Q

ABOUT
h e y a c b a ` Y I P I H G F E g f e d a c b a ` Y I P I H G F E b c p a c b a ` Y I P I H G F E c a h a c b a ` Y w V Q P R v

SENIOR ADVISOR

Reforming the Corporate Tax Code

The Case for Corporate Tax Reform


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FIG 1: CORPORATE TAX REVENUE AS A PERCENT OF GDP AND STATUTORY TAX RATE (2010)

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FIG 2: HOW THE CURRENT CORPORATE TAX CODE WORKS


i r n m h w h l t k h l | m t { h h x g l f e h l h t r m h n } h l f q r s o k w l f g h n s e t o { w f e i r n r f e h e m s t o { w f e | m t r s h l e m t q n o k r h l s r s q g m s h g f e } s n h z n m t k n t g m h { } h } s n p m s w q r m f t n l f n r t g h t n s e f o o s | m t r k s e f n m f t n t g g s m f l { w t f n ~ h m h v g m f e h r s h s z m s e w l f h l } s n h n s l f { l f e q r l h r f o k n h l e t w f m f e h n r h z | t z h z n m s z n l h z n s l n ~ h m h v } s n n r h z | t z h z n r s z h r r h m t r k v r s p o n m h t e u h m t g h n s e f o o s h l s r h e l k f r h l q p o n m h l l k j i h g f e

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Paying for Corporate Tax Reform


0 2 R C H Q I P 2 4 I 7 C 3 7 C H 2 G 4 F E D 5 7 C B 2

FIG 3: CORPORATE TAX RATE REDUCTIONS FINANCED FROM BASE BROADENING

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FIG 4: CORPORATE TAX RATE CHANGES FINANCED FROM OTHER OPTIONS

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Prominent Tax Reform Proposals


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FIG 5: COMPARISON OF CORPORATE TAX PROPOSALS


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Conclusion

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Endnotes

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Additional Resources