Complexity in the tax code has negative redistributive and growth consequences that have only accelerated over time as more and more policy goals are now implemented through the tax system.
Recent merger transactions highlight long-simmering problems in the U.S. corporate tax, particularly with respect to its international provisions.
In many cases, once manufacturing capabilities go away, so does much of the ability to innovate and compete. Manufacturing, it turns out, really matters in an innovation-driven economy.