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The Editors

How to Kill the Corporate-Income Tax

What if we told you there’s a way to make the U.S. tax system fairer, get corporations out of politics, improve our global competitiveness, bring home more than $1 trillion in offshore earnings, increase wages, end the double taxation of company profits and improve returns for many shareholders?

You’d say we were dreaming. But all this could be achieved if Congress would agree to a simple deal: Lower marginal rates, tax long-term capital gains and dividends at the same rate as regular income, and eliminate the corporate-income tax.