Free Republic

At a conference yesterday, White House National Economic Council Director Larry Summers repeated a superficial critique of the U.S. corporate income tax that we’ve heard often from the Obama administration. Politico notes that Summers suggested “that U.S. corporate tax rates are relatively low, despite complaints from U.S. corporations.” And they quote him: “If you look at taxes paid by corporations as a fraction of profits, they’re actually very low” because the U.S. tax code is replete with “evasion and avoidance.” The Obama team’s solution to the supposed problem is to pile more complex IRS rules and regulations on U.S. corporations...

Are you racially biased? Harvard University has been trying to find out with its racism test, Project Implicit. The less than 10-minute test throws different races at you and has you identify the images as "bad" or "good" as quickly as you can. The idea is that your first reaction is usually the most honest. You can try the test out for yourself. Simply click on the "Demonstration" button and then click the "Race IAT" button. Project Implicit, started 11 years ago by Harvard, the University of Washington and the University of Virginia, is a joint investigation into our subconscious...