Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription

Gary Hufbauer and Paul Grieco ()
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Paul Grieco: Peterson Institute for International Economics

No PB04-03, Policy Briefs from Peterson Institute for International Economics

Abstract: Senator John Kerry has proposed a major overhaul in corporate taxation, with the goal of persuading multinational companies (MNCs) to employ more workers at home and fewer abroad. Kerry has correctly emphasized that domestic production is often taxed at a higher rate than production abroad, but his prescriptions will not boost US jobs.

Date: 2004-04
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