Obama Wanted a Corporate Tax Cut Too


A special thanks to Clemens Sialm and Jim Albertus for their expert advice on this episode.


Policy Links:

– Corporate tax rates in the OECD

– Memo from CEA:

– Study of corporate inversions:

– Congressional Research Service study on possible corporate tax reforms:


Relevant academic papers:

– Albertus, James, Does Foreign Tax Arbitrage Promote Innovation? (December 2017). SSRN:

– Foley, C. Fritz, Jay Hartzell, Sheridan Titman, and Garry Twite. “Why Do Firms Hold So Much Cash? A Tax-Based Explanation.” Journal of Financial Economics 86, no. 3 (December 2007).

– Faulkender, Michael W. and Hankins, Kristine Watson and Petersen, Mitchell A., Understanding Precautionary Cash at Home and Abroad (September 2017). NBER Working Paper No. w23799.

– Djankov, Simeon, Tim Ganser, Caralee McLiesh, Rita Ramalho, and Andrei Schleifer. 2010. The effect of corporate taxes on investment and entrepreneurship. American Economic Journal:Macroeconomics 2(3): 31-64. doi:10.1257/mac.2.3.31

– Petersen, Mitchell A. and Faulkender, Michael W., Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act (April 29, 2012). SSRN: