Why Setting the Corporate Tax Rate to Benefit Wealthy Taxpayers and High-Tax States Is a Terrible Trade-Off

Tax reform that broadens the tax base, reduces unfair and distorting loopholes and deductions, and cuts marginal tax rates promises to grow the economy. Yet Congress is considering undermining the full potential of tax reform because of pressure from special interests. Eliminating a federal tax policy that provides an income tax break of nearly $200,000 to…