Reforming the US Corporate Tax

abroad average benefits billion border adjustment border tax adjustment Budget burden business taxation business taxes calculated capital Congress consumers consumption tax corporate activity tax corporate income tax corporate tax corporate tax rates cost credit-invoice VAT deduction depreciation distortions dollars ECONOMIC DAMAGE effective entitlement estimate exchange rate exemption exports federal fiscal flat tax foreign foreign sales corporation Goldman Sachs Graetz households Hufbauer increase individual income tax International Economics investment Jorgenson and Yun labor Medicare national retail sales NRST and CAT OECD OECD countries payroll taxes percent of GDP political production profits projected proposal purchases raised receipts regressive REPLACING THE CORPORATE retail sales tax rise RST rates social insurance taxes Social Security spending statutory subject to CAT subtraction-method VAT tax base tax reform tax revenue tax system tax-exclusive trade deficit United US-based MNEs value added Value-Added Taxes VAT rates VAT revenue wages Washington