Shortly after the new year, the president announced a new tax-cutting initiative: He proposed eliminating the so-called double tax on corporate income by eliminating the tax currently imposed on the dividends shareholders receive. The double tax arises because current law imposes a tax on a corporation's taxable income. When the corporation decides to distribute income to shareholders in the form of dividends, those dividends are taxed as income to the shareholders.

      There are definitely at least two sides to this question. By presenting two academic experts with diverging opinions on the proposed tax cut, we hope to engage readers in a debate at considerably greater depth than we can expect from the popular press.