The most consequential change, the Tax Reform Act of 1986, reduced the number of corporate income tax brackets from seven to five and slashed rates for all businesses while eliminating $30 billion annually in corporate tax loopholes. Bill Bradley, a Democratic Senator from New Jersey who worked ...
to facilitate and promote the private sector (encompassing aspects such as price control, investment and financial freedom, the burden of government regulations, tax consistency, non-tariff barriers, and the ease of starting a business, among others), is also found to contribute to CO2 emissions....