Wednesday, December 21, 2011

Quote on Rent-Seeking and Corporate Tax Rates

We have a situation where we in essence invite corporations to buy their own tax rate, where they spend money on lobbying and they get their special deals, rather than just having one consistently applied competitive tax rate where everybody gets the same deal.
—Roquel Alexander from the University of Kansas, interviewed on Planet Money podcast (Jack Abramoff on Lobbying; December 20, 2011).