Stephen Gordon has put together a valuable primer ahead of what probably should be a national discussion on taxes and the federal treasury.
Now, I’m as happy as the next person – okay, probably happier than the next person – to talk about corporate income tax policy. What worries me is that the quality of public debate on this topic is likely to be no better than that of the climate change file in the last election. For pretty much the entire 2008 campaign, reporting on climate change policy – with all-too-rare exceptions – took the form of he-said-she-said, opinions-differ-on-the-shape-of-the-earth stories that made no reference to the scholarly literature. By the time academic economists intervened with this open letter a week before the election, it was too late: the damage had already been done.