Stimulus for Lawyers

Old Blog Import

My colleagues on the editorial page dubbed the Bush administration’s proposal to eliminate taxes on corporate dividends”The Charles Schwab Tax Cut.” Indeed, the idea seems to have originated in remarks Mr. Schwab made last summer in Waco. But a closer look suggests that it should actually be called the Tax Complication Act of 2003”: it will do little if anything to create jobs in the economy as a whole, but will be a bonanza for tax lawyers and accountants.”

NY Times — Krugman