Our position on tax reform is simple and outlined in the letter 45 business groups sent to Congress last fall:

• Pursue comprehensive reform that includes both the corporate and individual tax codes;
• Keep the top rates on corporate and individual income low and at the same level; and
• Continue to reduce the incidence of the double tax on business income.

This last principle is premised on the idea that the pass-through structure is the correct way to tax business income, as Eric Toder told the Senate Finance Committee last year:

Senator Snowe: I appreciate that. Does either one of you want to comment, Dr. …

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