Congress is considering a bill that would increase taxes on the carried interest managers of private equity funds, hedge funds, and real estate funds receive. Although the arguments commonly made for the proposed change seem plausible at first glance, most of their plausibility disappears upon...

In this article, Hassett and Viard argue that proposals to single out the five largest oil producers for disparate tax treatment based on political hostility toward those companies threatens the rule of law

This report examines the taxation of corporate gains on depreciable business property, an important topic that has received little attention in the economic literature. The analysis reveals that current law, under which gains on such sales are taxed at ordinary tax rates and buyers are allowed...