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![handle is hein.taxfoundation/srbahxz0001 and id is 1 raw text is: PLEASE DO NOT CITE.
AN UPDATED VERSION
OF THIS STUDY IS
AVAILABLE. PLEASE
CALL (202) 464-6200.
October 2001
No. 107
Several members of the Bush Administra-
tion, including Treasury Secretary Paul O'Neill
and Council of Economic Advisors Chairman
R. Glenn Hubbard, have mentioned their inter-
est in corporate income tax reform. During an
interview with the Financial Times in late
May 2001, Secretary O'Neill stated, So, it's not
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just the direct amount of the [corporate in-
come] tax, but the administrative cost of run-
ning the tax process through the businesses
and corporations that we could effectively
eliminate. Politically, reform, reduction, or
elimination of the corporate income tax will
be very difficult. Economically, however,
O'Neill is exactly right, the corporate income
John S. Barry
Chief Economist
Tax Foundation
0
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